Short Interest of The Day: It Seems Amtrust Financial Services Incorporated (NASDAQ:AFSI) Will Go Up. Just Reported Less Shorted Shares

November 23, 2016 - By Ellis Scott   ·   0 Comments

Short Interest of The Day: It Seems Amtrust Financial Services Incorporated (NASDAQ:AFSI) Will Go Up. Just Reported Less Shorted Shares

The stock of Amtrust Financial Services Incorporated (NASDAQ:AFSI) registered a decrease of 7.93% in short interest. AFSI’s total short interest was 5.80 million shares in November as published by FINRA. Its down 7.93% from 6.30 million shares, reported previously. With 486,400 shares average volume, it will take short sellers 12 days to cover their AFSI’s short positions. The short interest to Amtrust Financial Services Incorporated’s float is 5.59%. About 145,120 shares traded hands. AmTrust Financial Services Inc (NASDAQ:AFSI) has risen 1.22% since April 21, 2016 and is uptrending. It has underperformed by 4.11% the S&P500.

Amtrust Financial Services, Inc. is an insurance holding company. The company has a market cap of $4.31 billion. 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. It has a 11.12 P/E ratio. The Company’s divisions include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program.

Insitutional Activity: The institutional sentiment increased to 0.92 in 2016 Q2. Its up 0.01, from 0.91 in 2016Q1. The ratio improved, as 40 funds sold all AmTrust Financial Services Inc shares owned while 79 reduced positions. 26 funds bought stakes while 82 increased positions. They now own 71.45 million shares or 52.16% less from 149.36 million shares in 2016Q1.
The New York-based Lyrical Asset Management Limited Partnership has invested 1.97% in AmTrust Financial Services Inc (NASDAQ:AFSI). Ifrah Financial Services last reported 0.21% of its portfolio in the stock. Teacher Retirement Sys Of Texas reported 12,329 shares or 0% of all its holdings. Palo Capital Inc last reported 0.14% of its portfolio in the stock. California State Teachers Retirement System has invested 0.01% of its portfolio in AmTrust Financial Services Inc (NASDAQ:AFSI). Huntington Fincl Bank has 3,194 shares for 0% of their US portfolio. Prudential Inc holds 0% or 52,602 shares in its portfolio. Aviance Capital Ptnrs Ltd Co holds 0.21% of its portfolio in AmTrust Financial Services Inc (NASDAQ:AFSI) for 23,419 shares. Tudor Inv Et Al last reported 35,064 shares in the company. Deutsche Retail Bank Ag has 0.01% invested in the company for 369,876 shares. Jefferies Group Limited has invested 0% of its portfolio in AmTrust Financial Services Inc (NASDAQ:AFSI). Rs Invest Communication Ltd Liability Corporation last reported 0.24% of its portfolio in the stock. Putnam Invs Ltd accumulated 154,006 shares or 0.01% of the stock. Blackrock Grp Incorporated Ltd holds 0% or 112,402 shares in its portfolio. Commerzbank Aktiengesellschaft Fi last reported 21,290 shares in the company.

Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 14 sales for $2.12 million net activity. 5,000 shares were sold by Ungar Stephen, worth $139,083 on Monday, October 17. Saxon Michael J also sold $241,634 worth of AmTrust Financial Services Inc (NASDAQ:AFSI) on Thursday, October 20. DeCarlo Donald T had sold 3,114 shares worth $81,563 on Monday, October 3.

AmTrust Financial Services Inc (NASDAQ:AFSI) Ratings Coverage

Out of 6 analysts covering Amtrust Financial Services (NASDAQ:AFSI), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Amtrust Financial Services has been the topic of 10 analyst reports since August 5, 2015 according to StockzIntelligence Inc. William Blair maintained AmTrust Financial Services Inc (NASDAQ:AFSI) on Thursday, September 3 with “Buy” rating. The rating was downgraded by Compass Point on Wednesday, August 5 to “Neutral”. Compass Point upgraded the shares of AFSI in a report on Friday, November 13 to “Buy” rating. The company was initiated on Thursday, January 14 by Citigroup. The firm has “Buy” rating given on Thursday, February 11 by Compass Point. The firm has “Buy” rating by Compass Point given on Friday, February 5.

AFSI Company Profile

Amtrust Financial Services, Inc. (AmTrust), incorporated on November 7, 1990, 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. The Company’s divisions include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Firm provides reinsurance, primarily on personal and commercial automotive business. The Small Commercial Business segment is engaged in providing workers’ compensation, commercial package and other commercial insurance lines produced by wholesale agents, retail agents and brokers in the United States. The Specialty Risk and Extended Warranty segment is engaged in providing coverage for consumer and commercial goods and custom designed coverages. The Specialty Program segment is engaged in writing commercial insurance for defined classes of insureds through general and other wholesale agents.

More important recent AmTrust Financial Services Inc (NASDAQ:AFSI) news were published by: Globenewswire.com which released: “AmTrust Financial Services, Inc. Enters Agreement to Acquire AmeriHealth …” on October 28, 2016, also Globenewswire.com published article titled: “AmTrust Financial Services, Inc. to Host Investor Day in New York City on …”, Reuters.com published: “BRIEF-Amtrust Financial Services Inc files for non-timely 10-Q” on November 10, 2016. More interesting news about AmTrust Financial Services Inc (NASDAQ:AFSI) was released by: Globenewswire.com and their article: “AmTrust Financial Services, Inc. Acquires First Nationwide Title Agency, LLC” with publication date: May 20, 2016.

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By Ellis Scott


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