Koch Industries Inc. Acquires Shares of 29,200 AmTrust Financial Services (NASDAQ:AFSI)

Koch Industries Inc. bought a new stake in shares of AmTrust Financial Services (NASDAQ:AFSI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 29,200 shares of the insurance provider’s stock, valued at approximately $294,000.

Several other large investors have also bought and sold shares of AFSI. Dimensional Fund Advisors LP grew its position in shares of AmTrust Financial Services by 32.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,698,536 shares of the insurance provider’s stock valued at $36,324,000 after buying an additional 660,088 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in AmTrust Financial Services by 50.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,110,664 shares of the insurance provider’s stock valued at $11,185,000 after purchasing an additional 372,065 shares during the period. Schroder Investment Management Group boosted its stake in AmTrust Financial Services by 845.2% during the 3rd 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. Schwab Charles Investment Management Inc. boosted its stake in AmTrust Financial Services by 14.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 948,728 shares of the insurance provider’s stock valued at $9,554,000 after purchasing an additional 119,099 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in AmTrust Financial Services by 9.0% during the 4th quarter. Wells Fargo & Company MN now owns 982,272 shares of the insurance provider’s stock valued at $9,892,000 after purchasing an additional 81,195 shares during the period. Institutional investors and hedge funds own 29.28% of the company’s stock.

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AFSI has been the subject of a number of research analyst reports. ValuEngine lowered shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. BidaskClub raised shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating and set a $11.00 price target on the stock in a report on Monday, January 8th. Finally, Compass Point lowered shares of AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. AmTrust Financial Services presently has an average rating of “Hold” and an average target price of $14.29.

AmTrust Financial Services stock traded down $0.05 during mid-day trading on Friday, reaching $12.34. The company had a trading volume of 717,157 shares, compared to its average volume of 1,692,471. AmTrust Financial Services has a 52 week low of $8.80 and a 52 week high of $19.24. The company has a market cap of $2,447.32, a PE ratio of 4.67 and a beta of 1.28. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.55 and a quick ratio of 0.55.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend is Thursday, March 29th. AmTrust Financial Services’s dividend payout ratio (DPR) is currently 25.76%.

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About AmTrust Financial Services

AmTrust Financial Services, Inc provides property and casualty insurance in the United States and internationally. The company operates in three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment offers workers' compensation insurance products; and commercial package, and other property and casualty insurance products, such as commercial property, general liability, inland marine, employment practices liability, commercial automobile, and umbrella coverage to small businesses.

Institutional Ownership by Quarter for AmTrust Financial Services (NASDAQ:AFSI)

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