AmTrust Financial Services, Inc. (AFSI) Shares Bought by Boston Partners

Boston Partners lifted its position in shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,262,810 shares of the insurance provider’s stock after purchasing an additional 32,600 shares during the period. Boston Partners owned about 0.64% of AmTrust Financial Services worth $16,997,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Sapphire Star Partners LP purchased a new position in shares of AmTrust Financial Services during the third quarter worth about $153,000. Paragon Capital Management Ltd purchased a new position in shares of AmTrust Financial Services during the third quarter worth about $165,000. Alpha Cubed Investments LLC purchased a new position in shares of AmTrust Financial Services during the second quarter worth about $200,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of AmTrust Financial Services by 4.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock worth $200,000 after buying an additional 506 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of AmTrust Financial Services by 3.4% during the second quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock worth $227,000 after buying an additional 495 shares during the last quarter. Institutional investors and hedge funds own 34.72% of the company’s stock.

A number of research firms recently issued reports on AFSI. JMP Securities lowered AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday. SunTrust Banks, Inc. reissued a “buy” rating and set a $16.00 price target on shares of AmTrust Financial Services in a report on Friday. B. Riley reissued a “neutral” rating and set a $12.00 price target on shares of AmTrust Financial Services in a report on Monday, November 6th. FBR & Co lowered AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Tuesday, October 24th. Finally, Zacks Investment Research lowered AmTrust Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.33.

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AmTrust Financial Services, Inc. (AFSI) opened at $9.49 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.53 and a current ratio of 0.53. AmTrust Financial Services, Inc. has a 12-month low of $9.23 and a 12-month high of $28.48. The stock has a market capitalization of $2,019.07, a P/E ratio of 9.72 and a beta of 1.20.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors 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 dividend yield of 7.17%. AmTrust Financial Services’s dividend payout ratio is currently -424.97%.

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.

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

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