Maple Capital Management buys $6.2 Million stake in AmTrust Financial Services Inc (AFSI)

AmTrust Financial Services Inc (AFSI) : Maple Capital Management scooped up 3,500 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 13, 2016. The investment management firm now holds a total of 233,132 shares of AmTrust Financial Services Inc which is valued at $6.2 Million.AmTrust Financial Services Inc makes up approximately 2.31% of Maple Capital Management’s portfolio.

Other Hedge Funds, Including , First Republic Investment Management boosted its stake in AFSI in the latest quarter, The investment management firm added 72,502 additional shares and now holds a total of 79,398 shares of AmTrust Financial Services Inc which is valued at $2.1 Million. AmTrust Financial Services Inc makes up approx 0.02% of First Republic Investment Management’s portfolio. Fuller Thaler Asset Management added AFSI to its portfolio by purchasing 1,100 company shares during the most recent quarter which is valued at $29,304.Blackrock Advisors boosted its stake in AFSI in the latest quarter, The investment management firm added 2,489 additional shares and now holds a total of 41,659 shares of AmTrust Financial Services Inc which is valued at $1.1 Million.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. New Harbor Financial Group added AFSI to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $7,635. AmTrust Financial Services Inc makes up approx 0.01% of New Harbor Financial Group’s portfolio.

AmTrust Financial Services Inc opened for trading at $26.27 and hit $26.62 on the upside on Wednesday, eventually ending the session at $26.24, with a gain of 0.11% or 0.03 points. The heightened volatility saw the trading volume jump to 4,30,104 shares. Company has a market cap of $4,562 M.

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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