Russell Investments Group Ltd. lessened its position in shares of Atlas Financial Holdings Inc (NASDAQ:AFH) by 40.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,396 shares of the insurance provider’s stock after selling 5,739 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Atlas Financial worth $159,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Atlas Financial by 11.0% in the second quarter. Vanguard Group Inc. now owns 457,267 shares of the insurance provider’s stock valued at $6,813,000 after purchasing an additional 45,156 shares during the period. TIAA CREF Investment Management LLC raised its position in Atlas Financial by 35.5% in the second quarter. TIAA CREF Investment Management LLC now owns 40,070 shares of the insurance provider’s stock valued at $597,000 after purchasing an additional 10,500 shares during the period. Dimensional Fund Advisors LP raised its position in Atlas Financial by 31.8% in the second quarter. Dimensional Fund Advisors LP now owns 268,143 shares of the insurance provider’s stock valued at $3,995,000 after purchasing an additional 64,629 shares during the period. Northpointe Capital LLC purchased a new stake in Atlas Financial in the third quarter valued at approximately $2,899,000. Finally, Kennedy Capital Management Inc. raised its position in Atlas Financial by 164.8% in the second quarter. Kennedy Capital Management Inc. now owns 107,970 shares of the insurance provider’s stock valued at $1,609,000 after purchasing an additional 67,196 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
AFH has been the topic of a number of research analyst reports. Boenning Scattergood reissued a “buy” rating on shares of Atlas Financial in a research report on Tuesday, November 7th. ValuEngine raised Atlas Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research raised Atlas Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Atlas Financial has an average rating of “Buy” and a consensus price target of $19.67.
In other Atlas Financial news, CEO Scott D. Wollney sold 12,443 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $20.10, for a total value of $250,104.30. Following the completion of the transaction, the chief executive officer now owns 345,151 shares in the company, valued at $6,937,535.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Scott D. Wollney sold 4,852 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $18.75, for a total transaction of $90,975.00. Following the completion of the transaction, the chief executive officer now owns 340,524 shares of the company’s stock, valued at approximately $6,384,825. The disclosure for this sale can be found here. In the last 90 days, insiders sold 179,029 shares of company stock valued at $3,549,810. Insiders own 13.30% of the company’s stock.
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Atlas Financial Profile
Atlas Financial Holdings Inc formerly JJR VI Acquisition Corp is a Canada-based company. It is engaged in the business of providing commercial automobile insurance in the United States with a niche market orientation. The Company’s automobile insurance products provide coverage in three areas: liability, accident benefits and physical damage.
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