Cornerstone Capital Management Holdings LLC. Has $2.37 Million Holdings in AmTrust Financial Services, Inc. (AFSI)

Cornerstone Capital Management Holdings LLC. lessened its stake in shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) by 56.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,833 shares of the insurance provider’s stock after selling 207,033 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.08% of AmTrust Financial Services worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in AmTrust Financial Services by 33.6% in the 1st quarter. Vanguard Group Inc. now owns 8,667,061 shares of the insurance provider’s stock valued at $159,994,000 after buying an additional 2,181,846 shares during the period. Royal Bank of Canada lifted its stake in shares of AmTrust Financial Services by 20.3% in the 2nd quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock valued at $60,748,000 after purchasing an additional 676,537 shares in the last quarter. Denver Investment Advisors LLC lifted its stake in shares of AmTrust Financial Services by 47.7% in the 2nd quarter. Denver Investment Advisors LLC now owns 2,262,970 shares of the insurance provider’s stock valued at $34,261,000 after purchasing an additional 731,249 shares in the last quarter. State Street Corp lifted its stake in shares of AmTrust Financial Services by 25.6% in the 1st quarter. State Street Corp now owns 2,136,486 shares of the insurance provider’s stock valued at $39,436,000 after purchasing an additional 435,258 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of AmTrust Financial Services by 11.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,037,464 shares of the insurance provider’s stock valued at $37,612,000 after purchasing an additional 215,905 shares in the last quarter. Hedge funds and other institutional investors own 36.80% of the company’s stock.

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AFSI has been the topic of several research analyst reports. TheStreet lowered AmTrust Financial Services from a “c” rating to a “d” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine downgraded AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub upgraded AmTrust Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, FBR & Co downgraded AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a report on Tuesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.50.

AmTrust Financial Services, Inc. (NASDAQ AFSI) opened at 12.42 on Friday. The firm’s 50-day moving average price is $13.22 and its 200-day moving average price is $14.14. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 12.07 and a beta of 1.24. AmTrust Financial Services, Inc. has a 12 month low of $11.36 and a 12 month high of $28.48.

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. AmTrust Financial Services had a net margin of 5.14% and a return on equity of 14.26%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 earnings per share. Equities research analysts predict that AmTrust Financial Services, Inc. will post $1.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were given a $0.17 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.68 annualized dividend and a yield of 5.44%. AmTrust Financial Services’s payout ratio is 51.13%.

About AmTrust Financial Services

Amtrust Financial Services, Inc (AmTrust) is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers’ compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business.

Institutional Ownership by Quarter for AmTrust Financial Services (NASDAQ:AFSI)

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