Stanley Capital Management LLC bought a new stake in shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 186,200 shares of the insurance provider’s stock, valued at approximately $2,819,000. Stanley Capital Management LLC owned about 0.11% of AmTrust Financial Services at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Teachers Advisors LLC boosted its stake in shares of AmTrust Financial Services by 199.9% during the 2nd quarter. Teachers Advisors LLC now owns 828,934 shares of the insurance provider’s stock valued at $12,550,000 after buying an additional 552,534 shares during the last quarter. WBI Investments Inc. purchased a new position in shares of AmTrust Financial Services during the 2nd quarter valued at approximately $556,000. Riverhead Capital Management LLC boosted its stake in shares of AmTrust Financial Services by 166.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 98,909 shares of the insurance provider’s stock valued at $1,498,000 after buying an additional 61,784 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of AmTrust Financial Services by 156.2% during the 2nd quarter. Alliancebernstein L.P. now owns 121,270 shares of the insurance provider’s stock valued at $1,836,000 after buying an additional 73,935 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of AmTrust Financial Services by 459.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 744,289 shares of the insurance provider’s stock valued at $11,269,000 after buying an additional 611,277 shares during the last quarter. Institutional investors own 39.43% of the company’s stock.

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In other news, SVP Stephen Ungar sold 5,000 shares of the business’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 in the company, valued at $2,439,563.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 50.80% of the company’s stock.

Several research firms have recently commented on AFSI. JMP Securities began coverage on AmTrust Financial Services in a research note on Friday, July 7th. They set an “outperform” rating and a $18.00 target price for the company. BidaskClub cut AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. TheStreet cut AmTrust Financial Services from a “c” rating to a “d” rating in a research note on Wednesday, July 19th. Compass Point reiterated a “buy” rating and set a $22.00 target price (down from $26.00) on shares of AmTrust Financial Services in a research note on Tuesday, May 30th. Finally, FBR & Co reiterated an “outperform” rating and set a $22.00 target price (up from $16.00) on shares of AmTrust Financial Services in a research note on Friday, June 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. AmTrust Financial Services presently has an average rating of “Hold” and a consensus price target of $19.50.

Shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) traded up 1.29% during trading on Wednesday, reaching $12.55. The company had a trading volume of 241,967 shares. AmTrust Financial Services, Inc. has a 12 month low of $11.36 and a 12 month high of $28.48. The firm has a market capitalization of $2.46 billion, a PE ratio of 12.20 and a beta of 1.21. The stock has a 50 day moving average price of $14.06 and a 200 day moving average price of $15.73.

AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $1.37 billion for 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%. AmTrust Financial Services’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 earnings per share. On average, equities research analysts forecast that AmTrust Financial Services, Inc. will post $1.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Friday, September 29th. AmTrust Financial Services’s dividend 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.

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

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