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AmTrust Financial Services Stock Hits New 52-Week High (AFSI)

By TheStreet Wire 05/24/12 - 03:31 PM EDT

Find out if (AFSI) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- AmTrust Financial Services (Nasdaq:AFSI) hit a new 52-week high Thursday as it is currently trading at $29.28, above its previous 52-week high of $29.27 with 641,444 shares traded as of 3:04 p.m. ET. Average volume has been 248,900 shares over the past 30 days.

AmTrust Financial Services has a market cap of $1.75 billion and is part of the financial sector and insurance industry. Shares are up 22.3% year to date as of the close of trading on Wednesday.

AmTrust Financial Services, Inc., through its subsidiaries, underwrites and provides property and casualty insurance in the United States and internationally. The company has a P/E ratio of 11.1, above the average insurance industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates AmTrust Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full AmTrust Financial Services Ratings Report.

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