Associated Banc-Corp Has Trimmed Phillips 66 (PSX) Stake; AmTrust Financial Services, Inc. (AFSI) Covered By 3 Bullish Analysts Last Week

June 14, 2018 - By Kurt Siggers

AmTrust Financial Services, Inc. (NASDAQ:AFSI) Logo

Associated Banc-Corp decreased Phillips 66 (PSX) stake by 2.53% reported in 2018Q1 SEC filing. Associated Banc-Corp sold 3,246 shares as Phillips 66 (PSX)’s stock rose 24.95%. The Associated Banc-Corp holds 125,278 shares with $12.02M value, down from 128,524 last quarter. Phillips 66 now has $54.20B valuation. The stock increased 0.52% or $0.6 during the last trading session, reaching $116.35. About 674,139 shares traded. Phillips 66 (NYSE:PSX) has risen 49.32% since June 14, 2017 and is uptrending. It has outperformed by 36.75% the S&P500. Some Historical PSX News: ; 09/04/2018 – Phillips 66 JV Borger refinery continuing to restart units; 09/05/2018 – PHILLIPS 66 CEO GREG GARLAND SPEAKS IN MEDIA ROUNDTABLE; 27/04/2018 – PHILLIPS 66 PSX.N SAYS NEEDS NEW PIPELINE CAPACITY SERVING THE PERMIAN BASIN – CONF CALL; 06/04/2018 – Phillips 66 JV Borger refinery restarting from plantwide overhaul; 06/04/2018 – PHILLIPS 66 JV BORGER TEXAS REFINERY TO COMPLETE UNIT RESTARTS NEXT WEEK; 07/03/2018 PHILLIPS 66 PSX.N : CREDIT SUISSE ASSUMES WITH NEUTRAL RATING; TARGET PRICE $110; 27/04/2018 – PHILLIPS 66 – CPCHEM HAS FULLY RECOVERED FROM HURRICANE HARVEY AND CONTRIBUTED STRONG RESULTS IN QUARTER; 27/04/2018 – PHILLIPS 66 GARLAND: DON’T HOLD A LOT OF HOPE FOR RINS REFORM; 16/04/2018 – Phillips 66 restarting JV Borger, Texas refinery gasoline units; 09/05/2018 – Phillips 66 Announces Increase In Quarterly Dividend

Among 8 analysts covering Amtrust Financial Services (NASDAQ:AFSI), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Amtrust Financial Services had 25 analyst reports since August 5, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, August 5 by Compass Point. The rating was maintained by SunTrust on Monday, October 23 with “Buy”. The firm has “Buy” rating given on Thursday, January 14 by Citigroup. On Monday, June 5 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. On Friday, June 9 the stock rating was maintained by FBR Capital with “Buy”. The rating was maintained by Compass Point with “Buy” on Friday, February 5. On Thursday, March 1 the stock rating was downgraded by SunTrust to “Hold”. As per Friday, July 7, the company rating was reinitiated by JMP Securities. The rating was maintained by William Blair with “Buy” on Thursday, September 3. The rating was downgraded by JMP Securities to “Market Perform” on Monday, November 13. See AmTrust Financial Services, Inc. (NASDAQ:AFSI) latest ratings:

18/05/2018 Broker: FBR Capital Rating: Hold New Target: $12.0000 Maintain
01/03/2018 Broker: SunTrust Rating: Hold Downgrade
26/02/2018 Broker: Compass Point Rating: Hold Downgrade
21/01/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $13.5 Maintain

Among 20 analysts covering Phillips 66 (NYSE:PSX), 10 have Buy rating, 2 Sell and 8 Hold. Therefore 50% are positive. Phillips 66 had 83 analyst reports since August 4, 2015 according to SRatingsIntel. As per Monday, April 9, the company rating was maintained by JP Morgan. The firm has “Market Perform” rating given on Monday, March 28 by Cowen & Co. The stock of Phillips 66 (NYSE:PSX) has “Underweight” rating given on Monday, April 30 by Barclays Capital. The stock has “Buy” rating by Cowen & Co on Tuesday, October 17. The company was maintained on Monday, February 6 by Mizuho. The stock has “Neutral” rating by Citigroup on Tuesday, February 6. The rating was maintained by Jefferies with “Sell” on Wednesday, January 24. The stock of Phillips 66 (NYSE:PSX) earned “Sector Outperform” rating by Howard Weil on Thursday, September 28. Jefferies maintained Phillips 66 (NYSE:PSX) rating on Tuesday, April 24. Jefferies has “Sell” rating and $8500 target. RBC Capital Markets maintained it with “Hold” rating and $8600 target in Monday, June 5 report.

Associated Banc-Corp increased Pfizer Inc (NYSE:PFE) stake by 9,783 shares to 884,141 valued at $31.38M in 2018Q1. It also upped Ishares Tr (IWF) stake by 11,510 shares and now owns 41,917 shares. Philip Morris Intl Inc (NYSE:PM) was raised too.

Analysts await Phillips 66 (NYSE:PSX) to report earnings on August, 7. They expect $2.17 EPS, up 99.08% or $1.08 from last year’s $1.09 per share. PSX’s profit will be $1.01B for 13.40 P/E if the $2.17 EPS becomes a reality. After $1.04 actual EPS reported by Phillips 66 for the previous quarter, Wall Street now forecasts 108.65% EPS growth.

Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.10, from 1.01 in 2017Q4. It is negative, as 55 investors sold PSX shares while 389 reduced holdings. 97 funds opened positions while 308 raised stakes. 314.13 million shares or 10.62% less from 351.44 million shares in 2017Q4 were reported. Nomura holds 0.01% of its portfolio in Phillips 66 (NYSE:PSX) for 77,130 shares. Chatham Cap Incorporated holds 1.62% or 62,819 shares. South Texas Money Ltd holds 0.02% of its portfolio in Phillips 66 (NYSE:PSX) for 4,616 shares. The Texas-based Motco has invested 0.01% in Phillips 66 (NYSE:PSX). Capwealth Advisors Ltd Liability stated it has 3,655 shares or 0.07% of all its holdings. Pittenger & Anderson has invested 0.44% of its portfolio in Phillips 66 (NYSE:PSX). Verity Asset Mngmt reported 9,564 shares. 56,295 are held by Blair William And Communication Il. Buckingham Asset Limited Liability Corporation reported 5,048 shares or 0.09% of all its holdings. Colonial Trust Advisors stated it has 5,870 shares or 0.11% of all its holdings. Waddell & Reed has 396,311 shares for 0.09% of their portfolio. Texas Permanent School Fund invested in 108,481 shares or 0.14% of the stock. Viking Fund Lc reported 165,000 shares. Columbia Asset Mngmt reported 0.11% stake. Vestor Cap Limited Liability Company reported 51,757 shares stake.

Since December 15, 2017, it had 0 insider buys, and 1 sale for $828,000 activity. On Wednesday, May 16 the insider Oyolu Chukwuemeka A. sold $828,000.

More recent Phillips 66 (NYSE:PSX) news were published by: Fool.com which released: “Phillips 66 Refills Its Growth Engine” on June 14, 2018. Also Businesswire.com published the news titled: “Phillips 66 to Expand Sweeny Hub with 300000 BPD of New Fractionation Capacity” on June 13, 2018. Bizjournals.com‘s news article titled: “Exxon Mobil reportedly growing energy trading segment” with publication date: June 12, 2018 was also an interesting one.

AmTrust Financial Services, Inc., through its subsidiaries, underwrites and provides property and casualty insurance in the United States and internationally. The company has market cap of $2.87 billion. It operates in three divisions: Small Commercial Business; Specialty Risk and Extended Warranty; and Specialty Program. It has a 12.55 P/E ratio. The Small Commercial Business segment offers workersÂ’ compensation insurance products; and commercial package insurance products, such as commercial property, general liability, inland marine, automobile, and umbrella coverage, as well as other property and casualty insurance products to small businesses.

More notable recent AmTrust Financial Services, Inc. (NASDAQ:AFSI) news were published by: Seekingalpha.com which released: “AmTrust shareholder Arca disputes ISS’s revised recommendation” on June 14, 2018, also Globenewswire.com with their article: “AmTrust Enters into Amendment to Merger Agreement with Evergreen Parent” published on June 07, 2018, Seekingalpha.com published: “KBW warns on Icahn’s AmTrust involvement” on May 18, 2018. More interesting news about AmTrust Financial Services, Inc. (NASDAQ:AFSI) were released by: Nasdaq.com and their article: “Leading Proxy Advisory Firm ISS Recommends AmTrust Stockholders Vote “FOR” Amended Merger Agreement with …” published on June 12, 2018 as well as Nasdaq.com‘s news article titled: “KBW Announces Index Rebalancing for Second-Quarter 2018” with publication date: June 09, 2018.

The stock increased 0.27% or $0.04 during the last trading session, reaching $14.62. About 430,882 shares traded. AmTrust Financial Services, Inc. (NASDAQ:AFSI) has risen 9.56% since June 14, 2017 and is uptrending. It has underperformed by 3.01% the S&P500. Some Historical AFSI News: ; 17/05/2018 – Carl Icahn Reports Stake in AmTrust Financial Services Inc; 22/03/2018 – AmTrust Financial Services Forms Golden Cross: Technicals; 21/05/2018 – ARCA CAPITAL – PLANS TO WORK WITH CARL ICAHN AND OTHER MINORITY SHAREHOLDERS IN OPPOSING PROPOSED AMTRUST’S PRIVATIZATION TRANSACTION; 17/05/2018 – ICAHN SOLICITING PROXIES AGAINST AMTRUST GOING PRIVATE DEAL; 29/05/2018 – AmTrust Urges Stockholders to Vote “FOR” Proposed Going-Private Transaction at Special Meeting on June 4; 17/05/2018 – CARL ICAHN – CURRENTLY ENGAGED IN DISCUSSIONS WITH LITIGATORS, ASSESSING OPTIONS IF AMTRUST FINANCIAL BOARD DOES NOT CHANGE RECORD & SPECIAL MEETING DATES; 17/05/2018 – AMTRUST FINANCIAL HOLDER ICAHN OPPOSES PROPOSED GOING-PRIVATE; 25/05/2018 – ICAHN URGES AMTRUST HOLDERS TO VOTE AGAINST GOING PRIVATE DEAL; 21/05/2018 – CARL ICAHN SAYS COMPLIANT ALLEGES THAT ZYSKIND/KARFUNKEL GOING-PRIVATE DEAL UNDERVALUES AMTRUST; 17/05/2018 – AMTRUST FINANCIAL HLDR ICAHN WANTS CHANGE OF SPECIAL MTG DATE

Since April 19, 2018, it had 1 buy, and 1 insider sale for $37.08 million activity. The insider Gorelik Ariel sold 5,707 shares worth $75,903. 2.95 million shares valued at $37.15M were bought by Zyskind Barry D on Thursday, April 19.

AmTrust Financial Services, Inc. (NASDAQ:AFSI) Institutional Positions Chart

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