Notable Ownership Action: Amtrust Financial Services Inc (NASDAQ:AFSI) Institutional Investor Sentiment Analysis

December 1, 2016 - By Dolores Ford   ·   0 Comments

Notable Ownership Action: Amtrust Financial Services Inc (NASDAQ:AFSI) Institutional Investor Sentiment Analysis

Sentiment for Amtrust Financial Services Inc (NASDAQ:AFSI)

Amtrust Financial Services Inc (NASDAQ:AFSI) institutional sentiment increased to 0.92 in 2016 Q2. Its up 0.01, from 0.91 in 2016Q1. The ratio is more positive, as 108 hedge funds opened new and increased positions, while 119 sold and reduced their positions in Amtrust Financial Services Inc. The hedge funds in our partner’s database now possess: 71.45 million shares, down from 149.36 million shares in 2016Q1. Also, the number of hedge funds holding Amtrust Financial Services Inc in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 40 Reduced: 79 Increased: 82 New Position: 26.

Amtrust Financial Services, Inc. is an insurance holding company. The company has a market cap of $4.30 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 11.07 P/E ratio. The Company’s divisions include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program.

About 23,245 shares traded hands. AmTrust Financial Services Inc (NASDAQ:AFSI) has risen 2.00% since April 28, 2016 and is uptrending. It has underperformed by 3.92% the S&P500.

Analysts await AmTrust Financial Services Inc (NASDAQ:AFSI) to report earnings on February, 8. They expect $0.75 earnings per share, up 4.17% or $0.03 from last year’s $0.72 per share. AFSI’s profit will be $125.63M for 8.56 P/E if the $0.75 EPS becomes a reality. After $0.73 actual earnings per share reported by AmTrust Financial Services Inc for the previous quarter, Wall Street now forecasts 2.74% EPS growth.

According to Zacks Investment Research, “AMTRUST is a multinational property and casualty insurer specializing in coverage for small businesses. They offer workers’ compensation insurance, extended warranty coverage, specialty middle market property and casualty insurance and a host of related products and services.They have built a reputation as an innovative, technology driven insurance company. Their commitment to excellence is the common thread connecting each of our businesses.”

White Elm Capital Llc holds 6.79% of its portfolio in AmTrust Financial Services Inc for 2.40 million shares. Nebula Capital Management Lp owns 18,910 shares or 3.67% of their US portfolio. Moreover, S&T Bank Pa has 2.51% invested in the company for 627,216 shares. The California-based Neumeier Poma Investment Counsel Llc has invested 2.03% in the stock. Maple Capital Management Inc., a Vermont-based fund reported 225,832 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 14 sales for $2.32 million net activity.

AmTrust Financial Services Inc (NASDAQ:AFSI) Ratings Coverage

Ratings analysis reveals 100% of Amtrust Financial Services’s analysts are positive. Out of 6 Wall Street analysts rating Amtrust Financial Services, 6 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $30 while the high is $78. The stock’s average target of $51 is 98.68% above today’s ($25.67) share price. AFSI was included in 10 notes of analysts from August 5, 2015. The company was upgraded on Friday, November 13 by Compass Point. Citigroup initiated the stock with “Buy” rating in Thursday, January 14 report. The stock of AmTrust Financial Services Inc (NASDAQ:AFSI) earned “Buy” rating by Compass Point on Thursday, February 11. The firm has “Buy” rating by Compass Point given on Friday, February 5. The firm has “Buy” rating given on Thursday, September 3 by William Blair. The firm earned “Neutral” rating on Wednesday, August 5 by Compass Point.

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 notable 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 Reuters.com with their article: “BRIEF-Amtrust Financial Services Inc files for non-timely 10-Q” published on November 10, 2016, Globenewswire.com published: “AmTrust Financial Services, Inc. to Host Investor Day in New York City on …” on November 04, 2016. More interesting news about AmTrust Financial Services Inc (NASDAQ:AFSI) were released by: Globenewswire.com and their article: “AmTrust Financial Services, Inc. Completes Purchase of Genworth Financial …” published on May 09, 2016 as well as Globenewswire.com‘s news article titled: “AmTrust Financial Services, Inc. Acquires First Nationwide Title Agency, LLC” with publication date: May 20, 2016.

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By Dolores Ford

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