S&t Bankpa buys $16.8 Million stake in AmTrust Financial Services Inc (AFSI)

AmTrust Financial Services Inc (AFSI) : S&t Bankpa scooped up 13,043 additional shares in AmTrust Financial Services Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 632,105 shares of AmTrust Financial Services Inc which is valued at $16.8 Million.AmTrust Financial Services Inc makes up approximately 2.93% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , Genesee Valley Trust Co boosted its stake in AFSI in the latest quarter, The investment management firm added 6,406 additional shares and now holds a total of 34,792 shares of AmTrust Financial Services Inc which is valued at $926,859. AmTrust Financial Services Inc makes up approx 0.66% of Genesee Valley Trust Co’s portfolio.Manufacturers Life Insurance Company The boosted its stake in AFSI in the latest quarter, The investment management firm added 2,298 additional shares and now holds a total of 4,648 shares of AmTrust Financial Services Inc which is valued at $123,823.Teachers Advisors Inc boosted its stake in AFSI in the latest quarter, The investment management firm added 22,806 additional shares and now holds a total of 168,188 shares of AmTrust Financial Services Inc which is valued at $4.3 Million. AmTrust Financial Services Inc makes up approx 0.01% of Teachers Advisors Inc’s portfolio.Apex Capital Management boosted its stake in AFSI in the latest quarter, The investment management firm added 41,611 additional shares and now holds a total of 259,381 shares of AmTrust Financial Services Inc which is valued at $6.4 Million. AmTrust Financial Services Inc makes up approx 0.14% of Apex Capital Management’s portfolio. Oppenheimer Co Inc sold out all of its stake in AFSI during the most recent quarter. The investment firm sold 12,932 shares of AFSI which is valued $321,360.

AmTrust Financial Services Inc closed down -0.09 points or -0.34% at $26.55 with 11,57,304 shares getting traded on Monday. Post opening the session at $26.57, the shares hit an intraday low of $26.5 and an intraday high of $26.82 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, AmTrust Financial Services Inc reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.73. The company had revenue of $1280.00 million for the quarter, compared to analysts expectations of $1119.38 million. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Amtrust Financial Services Inc. is an insurance holding company. Through its wholly owned subsidiaries the Company 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. The Company operates through three segments. The Small Commercial Business segment provides workers’ compensation and commercial package and other property and casualty insurance products. The Specialty Risk and Extended Warranty segment provides coverage for consumer and commercial goods and custom designed coverages such as accidental damage plans and payment protection plans. The Specialty Program segment provides workers’ compensation package products general liability commercial auto liability excess and surplus lines programs and other specialty commercial property and casualty insurance.

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