MANA Advisors LLC bought a new stake in AmTrust Financial Services Inc (NASDAQ:AFSI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,074 shares of the insurance provider’s stock, valued at approximately $142,000.
Other institutional investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in AmTrust Financial Services in the fourth quarter valued at $101,000. Commerzbank Aktiengesellschaft FI acquired a new position in AmTrust Financial Services in the third quarter valued at $135,000. Unison Advisors LLC acquired a new position in AmTrust Financial Services in the fourth quarter valued at $119,000. BBR Partners LLC acquired a new position in AmTrust Financial Services in the fourth quarter valued at $201,000. Finally, Stockman Wealth Management Inc. acquired a new position in AmTrust Financial Services in the fourth quarter valued at $462,000. Hedge funds and other institutional investors own 29.40% of the company’s stock.
AmTrust Financial Services Inc (NASDAQ AFSI) opened at $12.62 on Thursday. 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 Inc has a 52-week low of $8.80 and a 52-week high of $22.63. The company has a market capitalization of $2,490.37, a PE ratio of -78.87 and a beta of 1.35.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Thursday, March 29th. AmTrust Financial Services’s dividend payout ratio (DPR) is presently -424.97%.
A number of research analysts recently weighed in on the company. Compass Point cut AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Monday, February 26th. ValuEngine cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. SunTrust Banks cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $10.00 target price on shares of AmTrust Financial Services in a report on Wednesday, December 6th. Finally, Zacks Investment Research cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.29.
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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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