AmTrust Financial Services, Inc. (AFSI) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its stake in shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) by 8.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 310,816 shares of the insurance provider’s stock after selling 30,466 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.16% of AmTrust Financial Services worth $4,183,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. 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 valued at $160,000 after acquiring an additional 3,173 shares in the last quarter. Amalgamated Bank raised its stake in shares of AmTrust Financial Services by 1.4% during the first quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock valued at $234,000 after acquiring an additional 172 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of AmTrust Financial Services by 4.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,181 shares of the insurance provider’s stock valued at $200,000 after acquiring an additional 506 shares in the last quarter. Alpha Cubed Investments LLC bought a new stake in shares of AmTrust Financial Services during the second quarter valued at approximately $200,000. Finally, Pacer Advisors Inc. raised its stake in shares of AmTrust Financial Services by 3.4% during the second quarter. Pacer Advisors Inc. now owns 14,972 shares of the insurance provider’s stock valued at $227,000 after acquiring an additional 495 shares in the last quarter. 36.42% of the stock is owned by hedge funds and other institutional investors.

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AFSI has been the subject of several research analyst reports. TheStreet downgraded shares of AmTrust Financial Services from a “c” rating to a “d” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. FBR & Co downgraded shares of AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research note on Tuesday, October 24th. Finally, JMP Securities initiated coverage on shares of AmTrust Financial Services in a research note on Friday, July 7th. They issued an “outperform” rating and a $18.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.50.

AmTrust Financial Services, Inc. (AFSI) opened at 12.65 on Tuesday. AmTrust Financial Services, Inc. has a 52 week low of $11.36 and a 52 week high of $28.48. The company has a market cap of $2.48 billion, a P/E ratio of 12.29 and a beta of 1.24. The company has a 50-day moving average of $13.30 and a 200-day moving average of $14.04.

AmTrust Financial Services (NASDAQ:AFSI) last released its earnings results on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.38 billion. AmTrust Financial Services had a net margin of 5.14% and a return on equity of 14.26%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 EPS. On average, equities research analysts predict that AmTrust Financial Services, Inc. will post $1.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.68 dividend on an annualized basis and a yield of 5.38%. AmTrust Financial Services’s dividend payout ratio (DPR) is presently 51.13%.

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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