AmTrust Financial Services, Inc. (AFSI) Position Reduced by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lowered its position in AmTrust Financial Services, Inc. (NASDAQ:AFSI) by 40.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 242,136 shares of the insurance provider’s stock after selling 165,520 shares during the period. TIAA CREF Investment Management LLC owned about 0.14% of AmTrust Financial Services worth $3,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in AmTrust Financial Services by 57.7% in the first quarter. SG Americas Securities LLC now owns 8,673 shares of the insurance provider’s stock valued at $160,000 after purchasing an additional 3,173 shares during the period. Alpha Cubed Investments LLC acquired a new stake in AmTrust Financial Services in the second quarter valued at about $200,000. Pacer Advisors Inc. lifted its position in AmTrust Financial Services by 3.4% in the second quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock valued at $227,000 after purchasing an additional 495 shares during the period. Amalgamated Bank lifted its position in AmTrust Financial Services by 1.4% in the first quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock valued at $234,000 after purchasing an additional 172 shares during the period. Finally, Creative Planning lifted its position in AmTrust Financial Services by 0.3% in the second quarter. Creative Planning now owns 15,913 shares of the insurance provider’s stock valued at $241,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 36.82% of the company’s stock.

AmTrust Financial Services, Inc. (NASDAQ:AFSI) opened at 14.02 on Monday. The firm has a 50-day moving average of $13.17 and a 200-day moving average of $14.33. AmTrust Financial Services, Inc. has a one year low of $11.36 and a one year high of $28.48. The stock has a market capitalization of $2.75 billion, a PE ratio of 13.62 and a beta of 1.24.

AmTrust Financial Services (NASDAQ:AFSI) last released its earnings results on Tuesday, August 8th. The insurance provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that AmTrust Financial Services, Inc. will post $1.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were issued a $0.17 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.85%. AmTrust Financial Services’s payout ratio is currently 51.13%.

A number of equities research analysts recently commented on the stock. BidaskClub upgraded shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. ValuEngine cut shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Friday, September 1st. JMP Securities began coverage on shares of AmTrust Financial Services in a report on Friday, July 7th. They issued an “outperform” rating and a $18.00 target price for the company. Zacks Investment Research raised shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, TheStreet cut shares of AmTrust Financial Services from a “c” rating to a “d” rating in a report on Wednesday, July 19th. Two 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 an average price target of $19.50.

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AmTrust Financial Services Company Profile

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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