BGB Securities Maintains AmTrust Financial Services Buy, $26 PT (AFSI)

BGB Securities maintained its AmTrust Financial Services AFSI Buy rating and $26 price target in a research report published today. In the report, BGB Securities states, "Recent expansion initiatives continue to pay off for AFSI. The company continues to benefit from growth of its Personal Lines Reinsurance operations, as well as increased fee income from Warrantech and Risk Services, and ACAC. The company also booked a significant amount of earnings from its foray into investing in life settlement contracts." Shares of AmTrust Financial Services were trading at $19.40 at the time of posting, down 0.61% from Tuesday's market close.