AmTrust Financial Services Inc (AFSI) Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in AmTrust Financial Services Inc (NASDAQ:AFSI) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,184,942 shares of the insurance provider’s stock after buying an additional 57,970 shares during the period. Bank of New York Mellon Corp’s holdings in AmTrust Financial Services were worth $17,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mint Tower Capital Management B.V. bought a new stake in shares of AmTrust Financial Services in the 2nd quarter valued at $146,000. Nisa Investment Advisors LLC bought a new stake in shares of AmTrust Financial Services in the 2nd quarter valued at $161,000. Advisors Asset Management Inc. increased its position in shares of AmTrust Financial Services by 287.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 68,581 shares of the insurance provider’s stock valued at $216,000 after buying an additional 50,884 shares in the last quarter. Amalgamated Bank increased its position in shares of AmTrust Financial Services by 36.1% in the 2nd quarter. Amalgamated Bank now owns 15,298 shares of the insurance provider’s stock valued at $223,000 after buying an additional 4,061 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its position in shares of AmTrust Financial Services by 42.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 18,739 shares of the insurance provider’s stock valued at $273,000 after buying an additional 5,600 shares in the last quarter. Institutional investors and hedge funds own 37.99% of the company’s stock.

A number of analysts recently commented on the stock. BidaskClub cut shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd. B. Riley upped their price objective on shares of AmTrust Financial Services from $12.00 to $14.75 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Six research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $14.88.

AFSI opened at $14.75 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.52 and a quick ratio of 0.52. AmTrust Financial Services Inc has a 12 month low of $9.41 and a 12 month high of $14.77. The firm has a market capitalization of $2.90 billion, a P/E ratio of 13.92 and a beta of 1.09.

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AmTrust Financial Services Company Profile

AmTrust Financial Services, Inc provides property and casualty insurance in the United States and internationally. The company operates in three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment offers workers' compensation insurance products; and commercial package, and other property and casualty insurance products, such as commercial property, general liability, inland marine, employment practices liability, commercial automobile, and umbrella coverage to small businesses.

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

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