Assenagon Asset Management S.A. bought a new position in shares of AmTrust Financial Services Inc (NASDAQ:AFSI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 71,276 shares of the insurance provider’s stock, valued at approximately $1,035,000.

Other institutional investors also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. raised its holdings in AmTrust Financial Services by 148.5% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 246,726 shares of the insurance provider’s stock valued at $3,582,000 after acquiring an additional 147,426 shares in the last quarter. Kassirer Asset Management Corp raised its holdings in AmTrust Financial Services by 53.3% in the 3rd quarter. Kassirer Asset Management Corp now owns 230,000 shares of the insurance provider’s stock valued at $3,340,000 after acquiring an additional 80,000 shares in the last quarter. Northern Trust Corp raised its holdings in AmTrust Financial Services by 23.5% in the 2nd quarter. Northern Trust Corp now owns 1,267,183 shares of the insurance provider’s stock valued at $18,461,000 after acquiring an additional 241,000 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in AmTrust Financial Services by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,184,942 shares of the insurance provider’s stock valued at $17,264,000 after acquiring an additional 57,970 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in AmTrust Financial Services by 2,811.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 185,237 shares of the insurance provider’s stock valued at $2,699,000 after acquiring an additional 178,874 shares in the last quarter. 37.00% of the stock is currently owned by institutional investors.

AmTrust Financial Services stock opened at $14.26 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 13.53 and a beta of 1.09. AmTrust Financial Services Inc has a 12 month low of $8.80 and a 12 month high of $14.74.

AmTrust Financial Services (NASDAQ:AFSI) last posted its quarterly earnings results on Thursday, August 9th. The insurance provider reported ($0.59) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.86). The firm had revenue of $1.36 billion during the quarter. AmTrust Financial Services had a net margin of 2.56% and a negative return on equity of 14.82%. As a group, analysts expect that AmTrust Financial Services Inc will post 1.17 earnings per share for the current fiscal year.

Several equities analysts have commented on the company. BidaskClub cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Thursday. B. Riley upped their price target on AmTrust Financial Services from $12.00 to $14.75 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “$14.58” rating and issued a $14.75 price target on shares of AmTrust Financial Services in a report on Wednesday, July 18th. Seven equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $14.88.

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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.

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

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