Atlas Financial Holdings, Inc., through its subsidiaries, engages in underwriting commercial automobile insurance policies in the United States. Its automobile insurance products provide insurance coverage in three primary areas, including liability, accident benefits, and physical damage. The company focuses on the light commercial automobile sector, including taxi cabs, non-emergency para-transit, limousine, livery, and business autos. The company distributes its insurance products through a network of retail independent agents. Atlas Financial Holdings, Inc. is headquartered in Schaumburg, Illinois.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Fire, marine, & casualty insurance
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:AFH
CUSIPN/A
Phone847-472-6700
Debt
Debt-to-Equity Ratio0.25
Current Ratio0.56
Quick Ratio0.56
Price-To-Earnings
Trailing P/E Ratio-2.93
Forward P/E Ratio6.21
P/E GrowthN/A
Sales & Book Value
Annual Sales$221.98 million
Price / Sales0.57
Cash FlowN/A
Price / CashN/A
Book Value$7.53 per share
Price / Book1.40
Profitability
EPS (Most Recent Fiscal Year)($3.62)
Net Income$-38,810,000.00
Net Margins-16.52%
Return on Equity-43.63%
Return on Assets-9.59%
Miscellaneous
Employees264
Outstanding Shares11,940,000
Market Cap$123.55 million
Atlas Financial (NASDAQ:AFH) Frequently Asked Questions
What is Atlas Financial's stock symbol?
Atlas Financial trades on the NASDAQ under the ticker symbol "AFH."
How will Atlas Financial's stock buyback program work?
Atlas Financial declared that its Board of Directors has approved a share repurchase program on Wednesday, April 12th 2017, which permits the company to repurchase 650,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
How were Atlas Financial's earnings last quarter?
Atlas Financial Holdings Inc (NASDAQ:AFH) released its earnings results on Monday, August, 6th. The insurance provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.03. The insurance provider earned $56.73 million during the quarter, compared to the consensus estimate of $57.30 million. Atlas Financial had a negative net margin of 16.52% and a negative return on equity of 43.63%. View Atlas Financial's Earnings History.
When is Atlas Financial's next earnings date?
What price target have analysts set for AFH?
2 analysts have issued 1-year target prices for Atlas Financial's stock. Their forecasts range from $10.00 to $24.00. On average, they expect Atlas Financial's share price to reach $17.00 in the next twelve months. This suggests a possible upside of 61.1% from the stock's current price. View Analyst Price Targets for Atlas Financial.
What is the consensus analysts' recommendation for Atlas Financial?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlas Financial in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Atlas Financial.
What are Wall Street analysts saying about Atlas Financial stock?
Here are some recent quotes from research analysts about Atlas Financial stock:
- 1. According to Zacks Investment Research, "Atlas Financial Holdings Inc. provides commercial automobile insurance policies primarily in the United States through its subsidiaries. The company provides insurance coverage to taxi cabs, non-emergency para-transit, limousine/livery and business auto. Atlas Financial Holdings Inc. is based in United States. " (8/10/2018)
- 2. Boenning Scattergood analysts commented, "We are upgrading our rating for Atlas’ common stock to Outperform from Neutral. Atlas booked a good 2Q18 on the heels of a solid 1Q18, continuing to move in the right direction as management works to rebuild investor trust following the company’s significant reserve charge in 4Q17. While the risk of additional adverse reserve development remains (two good quarters following the large reserve charge does not mean the company is out of the woods yet), we believe upside potential outweighs downside risk. The stock declined 40% in March upon the news of the reserve charge and is off an additional 25% since then, partly attributed, we believe, to a financial strength rating downgrade by A.M. Best and the stock’s removal from the Russell 2000. While certainly a negative, management does not expect the A.M." (8/7/2018)
Are investors shorting Atlas Financial?
Atlas Financial saw a drop in short interest during the month of June. As of June 29th, there was short interest totalling 222,573 shares, a drop of 56.7% from the June 15th total of 514,549 shares. Based on an average trading volume of 294,150 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.1% of the shares of the stock are short sold. View Atlas Financial's Current Options Chain.
Who are some of Atlas Financial's key competitors?
Some companies that are related to Atlas Financial include Greenlight Capital Re (GLRE), Donegal Group Inc. Class B (DGICB), Donegal Group Inc. Class A (DGICA), Heritage Insurance (HRTG), Maiden (MHLD), HCI Group (HCI), NI (NODK), Baldwin & Lyons Inc Class A (BWINA), Baldwin & Lyons Inc Class B (BWINB), Federated National Holding Co Common Stock (FNHC), Tiptree (TIPT), Kingstone Companies (KINS), Blue Capital Reinsurance (BCRH), Kingsway Financial Services (KFS) and Conifer (CNFR).
Who are Atlas Financial's key executives?
Atlas Financial's management team includes the folowing people:
- Mr. Scott David Wollney, CEO, Pres & Director (Age 49)
- Mr. Paul Anthony Romano Jr., VP & CFO (Age 56)
- Ms. Leslie Patterson DiMaggio, VP of Operations & IT (Age 49)
- Mr. Adam Prior, Sr. VP, Equity Group Inc.
- Mr. Bruce Wayne Giles, VP of Underwriting (Age 59)
Has Atlas Financial been receiving favorable news coverage?
Media headlines about AFH stock have trended somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atlas Financial earned a news and rumor sentiment score of 0.10 on Accern's scale. They also gave news stories about the insurance provider an impact score of 45.54 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for Atlas Financial.
Who are Atlas Financial's major shareholders?
Atlas Financial's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Ariel Investments LLC (13.65%), Wasatch Advisors Inc. (5.18%), Tieton Capital Management LLC (5.10%), Dimensional Fund Advisors LP (3.87%), Renaissance Technologies LLC (1.74%) and United Services Automobile Association (1.64%). Company insiders that own Atlas Financial stock include Bruce Wayne Giles, John Taylor Maloney Fitzgerald, Joseph Raymond Shugrue, Kingsway America Inc, Leslie Dimaggio, Paul Anthony Romano Jr, Scott D Wollney and Walter Frederick Walker. View Institutional Ownership Trends for Atlas Financial.
Which major investors are selling Atlas Financial stock?
AFH stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Wasatch Advisors Inc., Globeflex Capital L P and Diamond Hill Capital Management Inc.. Company insiders that have sold Atlas Financial company stock in the last year include Bruce Wayne Giles, Joseph Raymond Shugrue, Kingsway America Inc, Leslie Dimaggio, Paul Anthony Romano Jr, Scott D Wollney and Walter Frederick Walker. View Insider Buying and Selling for Atlas Financial.
Which major investors are buying Atlas Financial stock?
AFH stock was acquired by a variety of institutional investors in the last quarter, including Ariel Investments LLC, Tieton Capital Management LLC, Millennium Management LLC, Clear Harbor Asset Management LLC, Dimensional Fund Advisors LP, Renaissance Technologies LLC, Paloma Partners Management Co and United Services Automobile Association. Company insiders that have bought Atlas Financial stock in the last two years include John Taylor Maloney Fitzgerald and Walter Frederick Walker. View Insider Buying and Selling for Atlas Financial.
How do I buy shares of Atlas Financial?
Shares of AFH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Atlas Financial's stock price today?
One share of AFH stock can currently be purchased for approximately $10.55.
How big of a company is Atlas Financial?
Atlas Financial has a market capitalization of $123.55 million and generates $221.98 million in revenue each year. The insurance provider earns $-38,810,000.00 in net income (profit) each year or ($3.62) on an earnings per share basis. Atlas Financial employs 264 workers across the globe.
How can I contact Atlas Financial?
Atlas Financial's mailing address is 953 AMERICAN LANE 3RD FLOOR, SCHAUMBURG IL, 60173. The insurance provider can be reached via phone at 847-472-6700 or via email at [email protected]
MarketBeat Community Rating for Atlas Financial (NASDAQ AFH)
MarketBeat's community ratings are surveys of what our community members think about Atlas Financial and other stocks. Vote "Outperform" if you believe AFH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AFH will underperform the S&P 500 over the long term. You may vote once every thirty days.
