AmTrust Financial Services (AFSI) Stake Increased by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL raised its position in AmTrust Financial Services (NASDAQ:AFSI) by 36.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 57,200 shares of the insurance provider’s stock after acquiring an additional 15,300 shares during the period. Virginia Retirement Systems ET AL’s holdings in AmTrust Financial Services were worth $704,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of AmTrust Financial Services in the fourth quarter valued at about $101,000. Two Sigma Securities LLC acquired a new stake in shares of AmTrust Financial Services in the fourth quarter valued at about $115,000. Xact Kapitalforvaltning AB acquired a new stake in shares of AmTrust Financial Services in the fourth quarter valued at about $117,000. Unison Advisors LLC acquired a new stake in shares of AmTrust Financial Services in the fourth quarter valued at about $119,000. Finally, MANA Advisors LLC acquired a new stake in shares of AmTrust Financial Services in the fourth quarter valued at about $142,000. Institutional investors own 29.10% of the company’s stock.

AmTrust Financial Services opened at $14.00 on Friday, Marketbeat.com reports. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.43. AmTrust Financial Services has a twelve month low of $13.27 and a twelve month high of $13.33. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 12.59 and a beta of 1.29.

In other AmTrust Financial Services news, SVP Ariel Gorelik sold 5,707 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $13.30, for a total transaction of $75,903.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Barry D. Zyskind bought 2,945,113 shares of the company’s stock in a transaction on Thursday, April 19th. The shares were acquired at an average price of $12.62 per share, with a total value of $37,167,326.06. The disclosure for this purchase can be found here. Company insiders own 50.80% of the company’s stock.

Several brokerages recently commented on AFSI. ValuEngine upgraded shares of AmTrust Financial Services from a “hold” rating to a “buy” rating in a research note on Thursday. BidaskClub cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th. Zacks Investment Research cut shares of AmTrust Financial Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 1st. SunTrust Banks cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, Compass Point cut shares of AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. AmTrust Financial Services has an average rating of “Hold” and a consensus target price of $14.29.

AmTrust Financial Services Company Profile

AmTrust Financial Services, Inc provides property and casualty insurance in the United States and internationally. The company operates in three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment offers workers' compensation insurance products; and commercial package, and other property and casualty insurance products, such as commercial property, general liability, inland marine, employment practices liability, commercial automobile, and umbrella coverage to small businesses.

Want to see what other hedge funds are holding AFSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AmTrust Financial Services (NASDAQ:AFSI).

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

Receive News & Ratings for AmTrust Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmTrust Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply