Federated Investors Inc. PA purchased a new position in shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,729 shares of the insurance provider’s stock, valued at approximately $390,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of AmTrust Financial Services during the first quarter worth approximately $121,000. SG Americas Securities LLC raised its stake in shares of AmTrust Financial Services by 57.7% during the first quarter. SG Americas Securities LLC now owns 8,673 shares of the insurance provider’s stock worth $160,000 after buying an additional 3,173 shares during the last quarter. Alpha Cubed Investments LLC bought a new stake in shares of AmTrust Financial Services during the second quarter worth approximately $200,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of AmTrust Financial Services during the first quarter worth approximately $211,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of AmTrust Financial Services during the first quarter worth approximately $234,000. 36.82% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on AFSI. BidaskClub downgraded shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. FBR & Co reissued an “outperform” rating and set a $22.00 price target (up from $16.00) on shares of AmTrust Financial Services in a research note on Friday, June 9th. TheStreet downgraded shares of AmTrust Financial Services from a “c” rating to a “d” rating in a research note on Wednesday, July 19th. ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, JMP Securities began coverage on shares of AmTrust Financial Services in a research note on Friday, July 7th. They set an “outperform” rating and a $18.00 price target for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. AmTrust Financial Services has an average rating of “Hold” and a consensus target price of $19.50.

Shares of AmTrust Financial Services, Inc. (AFSI) opened at 12.96 on Friday. The company has a market capitalization of $2.54 billion, a P/E ratio of 12.59 and a beta of 1.21. The company’s 50 day moving average is $13.53 and its 200-day moving average is $15.26. AmTrust Financial Services, Inc. has a 1-year low of $11.36 and a 1-year high of $28.48.

AmTrust Financial Services (NASDAQ:AFSI) last posted its earnings results on Tuesday, August 8th. The insurance provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. AmTrust Financial Services had a net margin of 5.14% and a return on equity of 14.26%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company earned $0.77 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that AmTrust Financial Services, Inc. will post $1.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.68 annualized dividend and a yield of 5.27%. AmTrust Financial Services’s dividend payout ratio is presently 51.13%.

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About AmTrust Financial Services

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.

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

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