KBW Raises EPS From $2.45 To $2.50 And PT To $23.00 On AFSI

In a recent report, Keefe, Bruyette & Woods has raised the EPS estimate from $2.45 to $2.50 and the price target to $23.00 on Amtrust Financial Services (NASDAQ: AFSI). KBW has also reiterated their outperform rating due to their belief that stocks of AFSI represent an excellent value for growth investors.

In the report, KBW said, "AmTrust's beat was driven by strong premium growth along with good underwriting and investment results. We're raising our 2011 estimate, maintaining our 2012 estimate, and raising our target price to $23. We reiterate our Outperform rating and continue to believe the stock represents an excellent value for growth investors."

Amtrust Financial Services closed yesterday at $19.72.