Arcadia Investment Management Corp MI decreased its stake in shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) by 68.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,800 shares of the insurance provider’s stock after selling 63,503 shares during the period. Arcadia Investment Management Corp MI’s holdings in AmTrust Financial Services were worth $451,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AFSI. Creative Planning increased its position in shares of AmTrust Financial Services by 0.3% in the second quarter. Creative Planning now owns 15,913 shares of the insurance provider’s stock worth $241,000 after buying an additional 41 shares during the last quarter. Amalgamated Bank increased its position in shares of AmTrust Financial Services by 1.4% in the first quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock worth $234,000 after buying an additional 172 shares during the last quarter. First Quadrant L P CA increased its position in shares of AmTrust Financial Services by 0.4% in the first quarter. First Quadrant L P CA now owns 47,399 shares of the insurance provider’s stock worth $875,000 after buying an additional 199 shares during the last quarter. Parsons Capital Management Inc. RI increased its position in shares of AmTrust Financial Services by 0.7% in the first quarter. Parsons Capital Management Inc. RI now owns 58,329 shares of the insurance provider’s stock worth $1,077,000 after buying an additional 388 shares during the last quarter. Finally, OLD National Bancorp IN increased its position in shares of AmTrust Financial Services by 4.9% in the first quarter. OLD National Bancorp IN now owns 12,958 shares of the insurance provider’s stock worth $239,000 after buying an additional 610 shares during the last quarter. 47.52% of the stock is currently owned by institutional investors and hedge funds.

AmTrust Financial Services, Inc. (NASDAQ:AFSI) opened at 13.99 on Wednesday. The company has a market capitalization of $2.74 billion, a P/E ratio of 13.60 and a beta of 1.16. The company’s 50-day moving average price is $15.29 and its 200-day moving average price is $17.60. AmTrust Financial Services, Inc. has a 52 week low of $11.80 and a 52 week high of $28.48.

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.04. AmTrust Financial Services had a return on equity of 14.26% and a net margin of 5.14%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that AmTrust Financial Services, Inc. will post $1.42 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a $0.17 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.68 annualized dividend and a yield of 4.86%. AmTrust Financial Services’s payout ratio is 51.13%.

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A number of research analysts recently commented on the company. JMP Securities assumed coverage on AmTrust Financial Services in a research note on Friday, July 7th. They set an “outperform” rating and a $18.00 price objective for the company. BidaskClub downgraded AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. TheStreet downgraded AmTrust Financial Services from a “c” rating to a “d” rating in a research note on Wednesday, July 19th. Compass Point restated a “buy” rating and set a $22.00 price objective (down from $26.00) on shares of AmTrust Financial Services in a research note on Tuesday, May 30th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $16.00 price objective on shares of AmTrust Financial Services in a research note on Friday, May 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.50.

In other AmTrust Financial Services news, SVP Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock in a transaction on 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 transaction, the senior vice president now owns 175,256 shares in the company, valued at approximately $2,439,563.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 50.80% of the company’s stock.

About AmTrust Financial Services

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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