Dimensional Fund Advisors LP grew its position in AmTrust Financial Services Inc (NASDAQ:AFSI) by 32.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,698,536 shares of the insurance provider’s stock after buying an additional 660,088 shares during the quarter. Dimensional Fund Advisors LP owned 1.38% of AmTrust Financial Services worth $36,324,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada grew its stake in shares of AmTrust Financial Services by 20.3% in the second quarter. Royal Bank of Canada now owns 4,012,368 shares of the insurance provider’s stock valued at $60,748,000 after buying an additional 676,537 shares in the last quarter. State Street Corp grew its stake in shares of AmTrust Financial Services by 54.1% in the second quarter. State Street Corp now owns 3,292,917 shares of the insurance provider’s stock valued at $49,854,000 after buying an additional 1,156,431 shares in the last quarter. Northern Trust Corp grew its stake in shares of AmTrust Financial Services by 93.7% in the second quarter. Northern Trust Corp now owns 1,304,835 shares of the insurance provider’s stock valued at $19,755,000 after buying an additional 631,314 shares in the last quarter. Boston Partners grew its stake in AmTrust Financial Services by 2.6% during the 3rd quarter. Boston Partners now owns 1,262,810 shares of the insurance provider’s stock worth $16,997,000 after purchasing an additional 32,600 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in AmTrust Financial Services by 3.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 829,629 shares of the insurance provider’s stock worth $11,167,000 after purchasing an additional 23,818 shares in the last quarter. 33.68% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on AFSI. ValuEngine cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. BidaskClub cut AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research raised AmTrust Financial Services from a “strong sell” rating to a “hold” rating and set a $11.00 target price for the company in a research note on Monday, January 8th. B. Riley reissued a “neutral” rating and set a $12.00 target price on shares of AmTrust Financial Services in a research note on Monday, November 6th. Finally, JMP Securities cut AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. AmTrust Financial Services currently has a consensus rating of “Hold” and an average target price of $14.71.
In other AmTrust Financial Services news, SVP Ariel Gorelik acquired 2,962 shares of the stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $9.33 per share, with a total value of $27,635.46. Following the transaction, the senior vice president now owns 5,977 shares in the company, valued at approximately $55,765.41. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 50.80% of the company’s stock.
AmTrust Financial Services Inc (NASDAQ:AFSI) opened at $13.01 on Friday. The stock has a market capitalization of $2,460.13, a PE ratio of -81.31 and a beta of 1.12. AmTrust Financial Services Inc has a 1 year low of $8.80 and a 1 year high of $27.93. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46.
AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.37). The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.29 billion. AmTrust Financial Services had a return on equity of 9.07% and a net margin of 0.49%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 earnings per share. equities research analysts predict that AmTrust Financial Services Inc will post 0.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 5.23%. AmTrust Financial Services’s dividend payout ratio is currently -424.97%.
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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.
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