Pacer Advisors Inc. raised its holdings in shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,972 shares of the insurance provider’s stock after acquiring an additional 495 shares during the quarter. Pacer Advisors Inc.’s holdings in AmTrust Financial Services were worth $227,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. purchased a new position in AmTrust Financial Services during the 2nd quarter valued at about $5,168,000. Federated Investors Inc. PA bought a new stake in shares of AmTrust Financial Services in the 2nd quarter valued at approximately $390,000. Cadence Capital Management LLC grew its stake in shares of AmTrust Financial Services by 38.6% in the 2nd quarter. Cadence Capital Management LLC now owns 56,709 shares of the insurance provider’s stock valued at $859,000 after buying an additional 15,795 shares in the last quarter. BB&T Securities LLC bought a new stake in shares of AmTrust Financial Services in the 2nd quarter valued at approximately $295,000. Finally, Blair William & Co. IL grew its stake in shares of AmTrust Financial Services by 15.3% in the 2nd quarter. Blair William & Co. IL now owns 74,849 shares of the insurance provider’s stock valued at $1,133,000 after buying an additional 9,945 shares in the last quarter. 39.43% of the stock is currently owned by institutional investors.
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Several equities research analysts recently commented on the company. BidaskClub cut AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. FBR & Co reissued an “outperform” rating and issued a $22.00 price target (up previously from $16.00) on shares of AmTrust Financial Services in a research note on Friday, June 9th. TheStreet cut AmTrust Financial Services from a “c” rating to a “d” rating in a research note on Wednesday, July 19th. ValuEngine cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, JMP Securities assumed coverage on AmTrust Financial Services in a research note on Friday, July 7th. They issued an “outperform” rating and a $18.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. AmTrust Financial Services has a consensus rating of “Hold” and an average price target of $19.50.
Shares of AmTrust Financial Services, Inc. (AFSI) opened at 13.05 on Friday. The company has a 50 day moving average price of $13.70 and a 200 day moving average price of $15.51. The company has a market cap of $2.56 billion, a PE ratio of 12.68 and a beta of 1.21. AmTrust Financial Services, Inc. has a 52 week low of $11.36 and a 52 week high of $28.48.
AmTrust Financial Services (NASDAQ:AFSI) last posted its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. AmTrust Financial Services had a return on equity of 14.26% and a net margin of 5.14%. AmTrust Financial Services’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. On average, equities analysts expect that AmTrust Financial Services, Inc. will post $1.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.21%. AmTrust Financial Services’s payout ratio is presently 51.13%.
AmTrust Financial Services 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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