Northpointe Capital LLC Cuts Position in AmTrust Financial Services, Inc. (NASDAQ:AFSI)

Northpointe Capital LLC lowered its position in AmTrust Financial Services, Inc. (NASDAQ:AFSI) by 48.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 282,253 shares of the insurance provider’s stock after selling 264,466 shares during the period. Northpointe Capital LLC owned 0.14% of AmTrust Financial Services worth $3,799,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. raised its stake in shares of AmTrust Financial Services by 4.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock worth $200,000 after purchasing an additional 506 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of AmTrust Financial Services by 1,273.6% during the second quarter. The Manufacturers Life Insurance Company now owns 69,324 shares of the insurance provider’s stock valued at $1,050,000 after acquiring an additional 64,277 shares during the last quarter. State Street Corp increased its position in shares of AmTrust Financial Services by 54.1% during the second quarter. State Street Corp now owns 3,292,917 shares of the insurance provider’s stock valued at $49,854,000 after acquiring an additional 1,156,431 shares during the last quarter. Gotham Asset Management LLC increased its position in shares of AmTrust Financial Services by 57.4% during the second quarter. Gotham Asset Management LLC now owns 32,471 shares of the insurance provider’s stock valued at $492,000 after acquiring an additional 11,845 shares during the last quarter. Finally, S&T Bank PA increased its position in AmTrust Financial Services by 2.0% in the second quarter. S&T Bank PA now owns 454,559 shares of the insurance provider’s stock worth $6,881,000 after buying an additional 8,761 shares during the last quarter. Institutional investors and hedge funds own 36.36% of the company’s stock.

A number of research firms have issued reports on AFSI. FBR & Co downgraded AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a research report on Tuesday, October 24th. ValuEngine lowered AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. B. Riley reiterated a “neutral” rating and issued a $12.00 price objective on shares of AmTrust Financial Services in a report on Monday, November 6th. BidaskClub downgraded AmTrust Financial Services from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $16.00 price target on shares of AmTrust Financial Services in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. AmTrust Financial Services has a consensus rating of “Hold” and a consensus price target of $16.33.

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Shares of AmTrust Financial Services, Inc. (AFSI) traded down $0.60 on Friday, reaching $10.30. 2,350,100 shares of the company’s stock were exchanged, compared to its average volume of 2,031,966. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market cap of $2,136.69, a price-to-earnings ratio of 10.28 and a beta of 1.20. AmTrust Financial Services, Inc. has a 1-year low of $10.27 and a 1-year high of $28.48.

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.37). AmTrust Financial Services had a return on equity of 9.13% and a net margin of 0.49%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. research analysts expect that AmTrust Financial Services, Inc. will post 0.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date is Friday, December 29th. AmTrust Financial Services’s payout ratio is -424.97%.

AmTrust Financial Services Company 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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