D. E. Shaw & Co. Inc. raised its position in shares of AmTrust Financial Services, Inc. (NASDAQ:AFSI) by 81.9% during the third quarter, Holdings Channel reports. The firm owned 280,408 shares of the company’s stock after buying an additional 126,254 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.16% of AmTrust Financial Services worth $7,524,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in AFSI. Monarch Partners Asset Management LLC bought a new position in AmTrust Financial Services during the third quarter worth approximately $9,304,000. Prudential Financial Inc. raised its position in AmTrust Financial Services by 2.3% in the third quarter. Prudential Financial Inc. now owns 53,802 shares of the company’s stock worth $1,444,000 after buying an additional 1,200 shares in the last quarter. Rothschild Asset Management Inc. raised its position in AmTrust Financial Services by 22.0% in the third quarter. Rothschild Asset Management Inc. now owns 722,137 shares of the company’s stock worth $19,375,000 after buying an additional 130,337 shares in the last quarter. Victory Capital Management Inc. raised its position in AmTrust Financial Services by 5,599.4% in the third quarter. Victory Capital Management Inc. now owns 1,398,986 shares of the company’s stock worth $37,535,000 after buying an additional 1,374,440 shares in the last quarter. Finally, Sei Investments Co. raised its position in AmTrust Financial Services by 9.6% in the third quarter. Sei Investments Co. now owns 125,032 shares of the company’s stock worth $3,354,000 after buying an additional 10,932 shares in the last quarter. 40.91% of the stock is currently owned by institutional investors.
AmTrust Financial Services, Inc. (NASDAQ:AFSI) traded up 0.73% on Friday, reaching $27.49. 395,062 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $27.04 and its 200 day moving average price is $26.47. AmTrust Financial Services, Inc. has a 52-week low of $23.55 and a 52-week high of $28.48. The firm has a market capitalization of $4.69 billion, a PE ratio of 11.89 and a beta of 1.02.
Separately, Zacks Investment Research upgraded shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Tuesday, January 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $31.50.
In other AmTrust Financial Services news, CFO Ronald E. Pipoly, Jr. sold 4,000 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $26.73, for a total value of $106,920.00. Following the transaction, the chief financial officer now directly owns 314,313 shares in the company, valued at $8,401,586.49. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Stephen Ungar sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $25.74, for a total transaction of $128,700.00. Following the completion of the transaction, the senior vice president now owns 169,518 shares in the company, valued at $4,363,393.32. The disclosure for this sale can be found here. In the last three months, insiders sold 77,996 shares of company stock worth $2,107,669. 42.80% of the stock is currently owned by insiders.
About AmTrust Financial Services
Amtrust Financial Services, Inc (AmTrust) is an insurance holding company. The Company, through its subsidiaries, 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.
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