Elk Creek Partners LLC increased its holdings in shares of AmTrust Financial Services Inc (NASDAQ:AFSI) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,263 shares of the insurance provider’s stock after buying an additional 26,580 shares during the period. Elk Creek Partners LLC owned 0.11% of AmTrust Financial Services worth $2,978,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Commerzbank Aktiengesellschaft FI acquired a new position in AmTrust Financial Services during the third quarter valued at approximately $135,000. Dimensional Fund Advisors LP grew its holdings in AmTrust Financial Services by 32.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,698,536 shares of the insurance provider’s stock valued at $36,324,000 after purchasing an additional 660,088 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in AmTrust Financial Services by 3.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 829,629 shares of the insurance provider’s stock valued at $11,167,000 after purchasing an additional 23,818 shares during the period. Schroder Investment Management Group grew its holdings in AmTrust Financial Services by 845.2% during the third quarter. Schroder Investment Management Group now owns 382,798 shares of the insurance provider’s stock valued at $5,244,000 after purchasing an additional 342,298 shares during the period. Finally, Trexquant Investment LP acquired a new position in AmTrust Financial Services during the third quarter valued at approximately $363,000. 33.65% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on AFSI shares. SunTrust Banks restated a “buy” rating and set a $16.00 price objective on shares of AmTrust Financial Services in a report on Friday, November 10th. Zacks Investment Research upgraded shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, September 1st. JMP Securities cut shares of AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, November 13th. Finally, B. Riley restated a “neutral” rating and set a $12.00 price objective on shares of AmTrust Financial Services in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. AmTrust Financial Services has a consensus rating of “Hold” and a consensus price target of $16.33.
In related news, SVP Ariel Gorelik purchased 2,962 shares of AmTrust Financial Services stock in a transaction dated Wednesday, November 15th. The stock was bought at an average price of $9.33 per share, for a total transaction of $27,635.46. Following the completion of the acquisition, the senior vice president now directly owns 5,977 shares of the company’s stock, valued at $55,765.41. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 50.80% of the stock is owned by corporate insiders.
AmTrust Financial Services Inc (NASDAQ AFSI) opened at $10.11 on Tuesday. The firm has a market cap of $1,917.14, a P/E ratio of 9.23 and a beta of 1.12. AmTrust Financial Services Inc has a 1-year low of $8.80 and a 1-year high of $28.48. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.
AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.37). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.29 billion. AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS. sell-side analysts expect that AmTrust Financial Services Inc will post 0.94 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 6.73%. The ex-dividend date is Friday, December 29th. AmTrust Financial Services’s dividend payout ratio (DPR) is presently -424.97%.
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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.
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