Dimensional Fund Advisors LP increased its holdings in AmTrust Financial Services Inc (NASDAQ:AFSI) by 32.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,698,536 shares of the insurance provider’s stock after buying an additional 660,088 shares during the period. Dimensional Fund Advisors LP owned 1.38% of AmTrust Financial Services worth $36,324,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sapphire Star Partners LP bought a new position in AmTrust Financial Services in the 3rd quarter worth approximately $153,000. Paragon Capital Management Ltd bought a new position in AmTrust Financial Services in the 3rd quarter worth approximately $165,000. Symons Capital Management Inc. bought a new position in AmTrust Financial Services in the 3rd quarter worth approximately $172,000. Raymond James Financial Services Advisors Inc. boosted its holdings in AmTrust Financial Services by 4.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock worth $200,000 after buying an additional 506 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in AmTrust Financial Services by 3.4% in the 2nd quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock worth $227,000 after buying an additional 495 shares during the period. 33.68% of the stock is owned by institutional investors.
Several research analysts have commented on the stock. FBR & Co downgraded shares of 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, October 24th. Zacks Investment Research raised shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub upgraded shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $16.00 target price on shares of AmTrust Financial Services in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. AmTrust Financial Services currently has an average rating of “Hold” and an average target price of $14.71.
AmTrust Financial Services Inc (AFSI) traded down $0.02 during mid-day trading on Friday, hitting $12.68. 1,360,000 shares of the company’s stock were exchanged, compared to its average volume of 2,050,000. AmTrust Financial Services Inc has a 12-month low of $8.80 and a 12-month high of $27.93. The stock has a market capitalization of $2,480.00, a PE ratio of -39.63 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.53.
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 analysts’ consensus estimates of $0.33 by ($0.37). AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The firm 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 firm posted $0.47 EPS. AmTrust Financial Services’s revenue was up 4.3% compared to the same quarter last year. research analysts expect that AmTrust Financial Services Inc will post 0.91 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date was Friday, December 29th. AmTrust Financial Services’s payout ratio is -212.50%.
In other news, SVP Ariel Gorelik acquired 2,962 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of $9.33 per share, for a total transaction of $27,635.46. Following the completion of the transaction, the senior vice president now owns 5,977 shares of the company’s stock, valued at $55,765.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 50.80% of the stock is currently owned by insiders.
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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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