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.
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