AmTrust Financial Reports 30% Top-Line Growth In 2010

Keefe Bruyette & Woods has published a research report on AmTrust Financial Services AFSI after the company reported 30% top-line growth in 2010. In the report, Keefe Bruyette writes "AmTrust's beat was driven by strong premium production and solid underwriting results. We're increasing our 2011 and 2012 estimates, and raising our target price to $22. We reiterate our Outperform rating and continue to believe the stock represents an excellent value for growth investors." Keefe Bruyette maintains its Outperform rating and $22 price target. AmTrust Financial Services closed yesterday at $19.14.