Vanguard Group Inc. raised its position in AmTrust Financial Services, Inc. (NASDAQ:AFSI) by 33.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,667,061 shares of the insurance provider’s stock after buying an additional 2,181,846 shares during the period. Vanguard Group Inc.’s holdings in AmTrust Financial Services were worth $159,994,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Integrated Investment Consultants LLC acquired a new stake in AmTrust Financial Services during the first quarter worth about $109,000. Quantbot Technologies LP acquired a new stake in AmTrust Financial Services during the first quarter worth about $121,000. SG Americas Securities LLC raised its stake in AmTrust Financial Services by 57.7% in the first quarter. SG Americas Securities LLC now owns 8,673 shares of the insurance provider’s stock worth $160,000 after buying an additional 3,173 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in AmTrust Financial Services during the first quarter worth about $170,000. Finally, Comerica Bank acquired a new stake in AmTrust Financial Services during the fourth quarter worth about $208,000. 45.56% of the stock is owned by institutional investors and hedge funds.
Shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) opened at 15.72 on Friday. The company has a 50 day moving average of $14.50 and a 200-day moving average of $19.12. AmTrust Financial Services, Inc. has a one year low of $11.80 and a one year high of $28.48. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 9.02 and a beta of 1.15.
AmTrust Financial Services (NASDAQ:AFSI) last posted its quarterly earnings data on Monday, May 8th. The insurance provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.32. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.35 billion. AmTrust Financial Services had a return on equity of 17.24% and a net margin of 7.55%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 EPS. On average, analysts anticipate that AmTrust Financial Services, Inc. will post $1.59 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend was Thursday, June 29th. AmTrust Financial Services’s dividend payout ratio (DPR) is 32.69%.
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A number of equities research analysts have recently issued reports on AFSI shares. Compass Point reaffirmed a “buy” rating and set a $22.00 target price (down previously from $26.00) on shares of AmTrust Financial Services in a report on Tuesday, May 30th. FBR & Co reissued a “buy” rating on shares of AmTrust Financial Services in a report on Wednesday, April 12th. TheStreet lowered shares of AmTrust Financial Services from a “b-” rating to a “c” rating in a report on Monday, May 1st. ValuEngine lowered shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.00 price objective on shares of AmTrust Financial Services in a report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. AmTrust Financial Services currently has an average rating of “Hold” and a consensus target price of $19.50.
In other AmTrust Financial Services news, SVP Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $13.92, for a total value of $69,600.00. Following the completion of the sale, the senior vice president now owns 175,256 shares in the company, valued at approximately $2,439,563.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.80% of the stock is owned by insiders.
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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