Investors Purchase High Volume of Call Options on AmTrust Financial Services (AFSI)

AmTrust Financial Services Inc (NASDAQ:AFSI) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 38,106 call options on the company. This represents an increase of approximately 789% compared to the typical daily volume of 4,285 call options.

A number of research firms have issued reports on AFSI. BidaskClub upgraded shares of AmTrust Financial Services from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research upgraded shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research report on Monday. ValuEngine cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. TheStreet upgraded shares of AmTrust Financial Services from a “d+” rating to a “c+” rating in a research report on Monday, June 4th. 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. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $14.29.

Shares of NASDAQ AFSI opened at $14.59 on Friday. AmTrust Financial Services has a 1 year low of $8.80 and a 1 year high of $16.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $2.88 billion, a P/E ratio of 13.86 and a beta of 1.29.



In other news, Chairman Barry D. Zyskind acquired 2,945,113 shares of the firm’s stock in a transaction on Thursday, April 19th. The shares were purchased at an average price of $12.62 per share, for a total transaction of $37,167,326.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ariel Gorelik sold 5,707 shares of the business’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $13.30, for a total transaction of $75,903.10. The disclosure for this sale can be found here. 50.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Securities LLC purchased a new position in shares of AmTrust Financial Services during the fourth quarter valued at about $115,000. Xact Kapitalforvaltning AB purchased a new position in shares of AmTrust Financial Services during the fourth quarter valued at about $117,000. HRT Financial LLC purchased a new position in shares of AmTrust Financial Services during the first quarter valued at about $133,000. MANA Advisors LLC purchased a new position in shares of AmTrust Financial Services during the fourth quarter valued at about $142,000. Finally, Great West Life Assurance Co. Can increased its position in shares of AmTrust Financial Services by 40.5% during the first quarter. Great West Life Assurance Co. Can now owns 13,718 shares of the insurance provider’s stock valued at $169,000 after buying an additional 3,954 shares during the period. Institutional investors own 28.92% of the company’s stock.

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.

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