Advisors Asset Management Inc. Has $313,000 Holdings in AmTrust Financial Services Inc (AFSI)

Advisors Asset Management Inc. lessened its holdings in shares of AmTrust Financial Services Inc (NASDAQ:AFSI) by 19.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 23,218 shares of the insurance provider’s stock after selling 5,544 shares during the period. Advisors Asset Management Inc.’s holdings in AmTrust Financial Services were worth $313,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AFSI. Sapphire Star Partners LP acquired a new position in shares of AmTrust Financial Services in the 3rd quarter valued at $153,000. Paragon Capital Management Ltd acquired a new position in shares of AmTrust Financial Services in the 3rd quarter valued at $165,000. Symons Capital Management Inc. acquired a new position in shares of AmTrust Financial Services in the 3rd quarter valued at $172,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of 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 valued at $200,000 after buying an additional 506 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of AmTrust Financial Services by 3.4% in the 2nd quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock valued at $227,000 after buying an additional 495 shares during the period. 33.65% of the stock is owned by hedge funds and other institutional investors.

AmTrust Financial Services Inc (AFSI) opened at $10.02 on Thursday. The firm has a market cap of $1,960.00, a price-to-earnings ratio of 9.54 and a beta of 1.11. 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 one year low of $8.80 and a one year high of $28.48.

AmTrust Financial Services (NASDAQ:AFSI) last announced its earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.37). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.29 billion. AmTrust Financial Services had a return on equity of 9.07% and a net margin of 0.49%. AmTrust Financial Services’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. analysts predict that AmTrust Financial Services Inc will post 0.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.68 annualized dividend and a yield of 6.79%. AmTrust Financial Services’s dividend payout ratio (DPR) is presently -212.50%.

In other AmTrust Financial Services news, SVP Ariel Gorelik purchased 2,962 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $9.33 per share, with a total value of $27,635.46. Following the transaction, the senior vice president now directly owns 5,977 shares of the company’s stock, valued at approximately $55,765.41. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 50.80% of the company’s stock.

Several brokerages have recently issued reports on AFSI. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $10.00 price target on shares of AmTrust Financial Services in a report on Wednesday. BidaskClub lowered shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a report on Friday, August 11th. B. Riley reaffirmed a “neutral” rating and issued a $12.00 target price on shares of AmTrust Financial Services in a research note on Monday, November 6th. JMP Securities lowered shares of AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, November 13th. Finally, Zacks Investment Research raised shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. AmTrust Financial Services currently has an average rating of “Hold” and an average price target of $15.33.

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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.

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

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