AmTrust Financial Services, Inc. (AFSI) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its position in AmTrust Financial Services, Inc. (NASDAQ:AFSI) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 345,660 shares of the insurance provider’s stock after acquiring an additional 9,700 shares during the quarter. California Public Employees Retirement System owned about 0.20% of AmTrust Financial Services worth $5,233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AFSI. Creative Planning increased its holdings in shares of AmTrust Financial Services by 0.3% in the second quarter. Creative Planning now owns 15,913 shares of the insurance provider’s stock valued at $241,000 after purchasing an additional 41 shares during the last quarter. Amalgamated Bank increased its stake in AmTrust Financial Services by 1.4% during the first quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock worth $234,000 after acquiring an additional 172 shares during the last quarter. Parsons Capital Management Inc. RI increased its stake in AmTrust Financial Services by 0.7% during the first quarter. Parsons Capital Management Inc. RI now owns 58,329 shares of the insurance provider’s stock worth $1,077,000 after acquiring an additional 388 shares during the last quarter. Pacer Advisors Inc. increased its stake in AmTrust Financial Services by 3.4% during the second quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock worth $227,000 after acquiring an additional 495 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in AmTrust Financial Services by 1.5% during the first quarter. Public Employees Retirement System of Ohio now owns 40,894 shares of the insurance provider’s stock worth $755,000 after acquiring an additional 621 shares during the last quarter. Institutional investors and hedge funds own 36.80% of the company’s stock.

Shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) opened at 12.74 on Friday. AmTrust Financial Services, Inc. has a one year low of $11.36 and a one year high of $28.48. The stock has a market capitalization of $2.49 billion, a P/E ratio of 12.38 and a beta of 1.24. The firm’s 50-day moving average price is $13.22 and its 200-day moving average price is $14.14.

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

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Friday, September 29th. AmTrust Financial Services’s dividend payout ratio is currently 51.13%.

Several research firms have issued reports on AFSI. JMP Securities began coverage on AmTrust Financial Services in a research note on Friday, July 7th. They set an “outperform” rating and a $18.00 target price for the company. FBR & Co cut AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research note on Tuesday. Zacks Investment Research raised AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub cut AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Finally, TheStreet cut AmTrust Financial Services from a “c” rating to a “d” rating in a research note on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.50.

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AmTrust Financial Services Profile

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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