First Trust Advisors LP raised its stake in shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) by 95.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 781,753 shares of the insurance provider’s stock after buying an additional 382,133 shares during the period. First Trust Advisors LP owned about 0.46% of AmTrust Financial Services worth $11,836,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of AFSI. Quantbot Technologies LP acquired a new stake in AmTrust Financial Services during the first quarter valued at approximately $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 valued at $160,000 after buying an additional 3,173 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in AmTrust Financial Services during the first quarter valued at approximately $170,000. Alpha Cubed Investments LLC acquired a new stake in AmTrust Financial Services during the second quarter valued at approximately $200,000. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in AmTrust Financial Services during the first quarter valued at approximately $211,000. Institutional investors and hedge funds own 47.52% of the company’s stock.

AmTrust Financial Services, Inc. (NASDAQ AFSI) opened at 13.45 on Thursday. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 13.07 and a beta of 1.16. AmTrust Financial Services, Inc. has a 1-year low of $11.80 and a 1-year high of $28.48. The company’s 50 day moving average is $15.02 and its 200 day moving average is $17.10.

AmTrust Financial Services (NASDAQ:AFSI) last released its earnings results on Tuesday, August 8th. The insurance provider reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.38 billion. AmTrust Financial Services had a return on equity of 14.26% and a net margin of 5.14%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. Equities research analysts forecast that AmTrust Financial Services, Inc. will post $1.42 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Friday, September 29th. AmTrust Financial Services’s dividend payout ratio (DPR) is currently 51.13%.

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AFSI has been the subject of several recent research reports. Compass Point restated a “buy” rating and issued a $22.00 price target (down previously from $26.00) on shares of AmTrust Financial Services in a report on Tuesday, May 30th. 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. BidaskClub upgraded shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price target on shares of AmTrust Financial Services in a report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $19.50.

In related news, SVP Stephen Ungar sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $13.92, for a total transaction of $69,600.00. Following the sale, the senior vice president now directly owns 175,256 shares of the company’s stock, valued at approximately $2,439,563.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate 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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