New Amsterdam Partnersny Lowers stake in AmTrust Financial Services Inc (AFSI)

AmTrust Financial Services Inc (AFSI) : New Amsterdam Partnersny reduced its stake in AmTrust Financial Services Inc by 5.75% during the most recent quarter end. The investment management company now holds a total of 305,212 shares of AmTrust Financial Services Inc which is valued at $7,813,427 after selling 18,616 shares in AmTrust Financial Services Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.AmTrust Financial Services Inc makes up approximately 1.82% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in AFSI in the latest quarter, The investment management firm added 13,261 additional shares and now holds a total of 191,719 shares of AmTrust Financial Services Inc which is valued at $4,908,006. AmTrust Financial Services Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Capital Fund Management S.a. reduced its stake in AFSI by selling 221,545 shares or 68.62% in the most recent quarter. The Hedge Fund company now holds 101,329 shares of AFSI which is valued at $2,447,095. AmTrust Financial Services Inc makes up approx 0.04% of Capital Fund Management S.a.’s portfolio.Cue Financial Group boosted its stake in AFSI in the latest quarter, The investment management firm added 2,025 additional shares and now holds a total of 34,415 shares of AmTrust Financial Services Inc which is valued at $851,771. AmTrust Financial Services Inc makes up approx 0.71% of Cue Financial Group’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in AFSI by selling 3,351 shares or 30.23% in the most recent quarter. The Hedge Fund company now holds 7,735 shares of AFSI which is valued at $191,055.

AmTrust Financial Services Inc opened for trading at $25.66 and hit $25.81 on the upside on Thursday, eventually ending the session at $25.62, with a gain of 0.08% or 0.02 points. The heightened volatility saw the trading volume jump to 6,34,412 shares. Company has a market cap of $4,454 M.

On the company’s financial health, AmTrust Financial Services Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.71. The company had revenue of $1268.44 million for the quarter, compared to analysts expectations of $1203.06 million. The company’s revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 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.

Leave a Reply

AmTrust Financial Services Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on AmTrust Financial Services Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.