MANA Advisors LLC Takes Position in AmTrust Financial Services (NASDAQ:AFSI)

MANA Advisors LLC acquired a new position in AmTrust Financial Services (NASDAQ:AFSI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,074 shares of the insurance provider’s stock, valued at approximately $142,000.

A number of other hedge funds have also recently modified their holdings of AFSI. Victory Capital Management Inc. purchased a new stake in AmTrust Financial Services in the 3rd quarter worth approximately $314,000. Russell Investments Group Ltd. lifted its stake in AmTrust Financial Services by 63.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 33,940 shares of the insurance provider’s stock worth $457,000 after purchasing an additional 13,216 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of AmTrust Financial Services during the 3rd quarter valued at $309,000. FNY Managed Accounts LLC purchased a new stake in shares of AmTrust Financial Services during the 3rd quarter valued at $298,000. Finally, Legal & General Group Plc raised its position in shares of AmTrust Financial Services by 34.6% during the 3rd quarter. Legal & General Group Plc now owns 43,000 shares of the insurance provider’s stock valued at $580,000 after buying an additional 11,042 shares in the last quarter. 29.28% of the stock is owned by institutional investors and hedge funds.

AFSI opened at $12.34 on Friday. AmTrust Financial Services has a 1-year low of $8.80 and a 1-year high of $19.24. 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 has a market capitalization of $2,447.32, a price-to-earnings ratio of 4.67 and a beta of 1.28.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Thursday, March 29th. AmTrust Financial Services’s dividend payout ratio (DPR) is presently 25.76%.

Several analysts have recently weighed in on AFSI shares. Zacks Investment Research upgraded shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating and set a $11.00 price objective on the stock in a research report on Monday, January 8th. BidaskClub lowered shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. ValuEngine cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Compass Point cut shares of AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Monday, February 26th. Finally, SunTrust Banks cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.29.

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AmTrust Financial Services Company Profile

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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