Could Amtrust Financial Services Inc (NASDAQ:AFSI) See a Reversal After Less Sellers Came In?

June 17, 2018 - By Linda Rogers

AmTrust Financial Services, Inc. (NASDAQ:AFSI) Logo

Investors sentiment increased to 1.08 in Q1 2018. Its up 0.16, from 0.92 in 2017Q4. It increased, as 26 investors sold AmTrust Financial Services, Inc. shares while 39 reduced holdings. 35 funds opened positions while 35 raised stakes. 52.03 million shares or 6.96% less from 55.92 million shares in 2017Q4 were reported.
Public Employees Retirement Systems Of Ohio owns 6,363 shares for 0% of their portfolio. Voya Inv Ltd Co invested in 0% or 37,195 shares. Co Savings Bank invested in 0.01% or 49,500 shares. Stratos Wealth Ptnrs Limited owns 4,128 shares. Goldman Sachs Gru has invested 0% in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Assetmark holds 4,477 shares or 0% of its portfolio. Regions Financial Corp has invested 0% of its portfolio in AmTrust Financial Services, Inc. (NASDAQ:AFSI). Rhumbline Advisers reported 88,236 shares. 5,956 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). Natl Bank Of New York Mellon invested in 1.13M shares. Pnc Fincl Svcs Gp Incorporated owns 6,208 shares. Public Employees Retirement Association Of Colorado owns 0% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI) for 4,578 shares. Capstone Advsr Limited Liability holds 0.06% or 240,192 shares in its portfolio. Jpmorgan Chase And has 0.01% invested in AmTrust Financial Services, Inc. (NASDAQ:AFSI). California Employees Retirement Sys holds 0.01% or 339,415 shares.

Since April 19, 2018, it had 1 insider buy, and 1 sale for $37.08 million activity. The insider Zyskind Barry D bought $37.15 million.

The stock of Amtrust Financial Services Inc (NASDAQ:AFSI) registered a decrease of 10.44% in short interest. AFSI’s total short interest was 6.93M shares in June as published by FINRA. Its down 10.44% from 7.74M shares, reported previously. With 753,500 shares average volume, it will take short sellers 9 days to cover their AFSI’s short positions. The short interest to Amtrust Financial Services Inc’s float is 5.69%.

It closed at $14.6 lastly. It is down 9.56% since June 17, 2017 and is uptrending. It has underperformed by 3.01% the S&P500.

AmTrust Financial Services, Inc., through its subsidiaries, underwrites and provides property and casualty insurance in the United States and internationally. The company has market cap of $2.87 billion. It operates in three divisions: Small Commercial Business; Specialty Risk and Extended Warranty; and Specialty Program. It has a 12.53 P/E ratio. The Small Commercial Business segment offers workersÂ’ compensation insurance products; and commercial package insurance products, such as commercial property, general liability, inland marine, automobile, and umbrella coverage, as well as other property and casualty insurance products to small businesses.

AmTrust Financial Services, Inc. (NASDAQ:AFSI) Ratings Coverage

Among 4 analysts covering AmTrust (NASDAQ:AFSI), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. AmTrust had 4 analyst reports since January 21, 2018 according to SRatingsIntel. The rating was downgraded by Compass Point on Monday, February 26 to “Hold”. The firm has “Hold” rating by FBR Capital given on Friday, May 18. The firm has “Hold” rating by Keefe Bruyette & Woods given on Sunday, January 21. The company was downgraded on Thursday, March 1 by SunTrust.

More notable recent AmTrust Financial Services, Inc. (NASDAQ:AFSI) news were published by: Benzinga.com which released: “Carl Icahn To AmTrust Financial In Lawsuit: ‘We Deserve More'” on May 21, 2018, also Seekingalpha.com with their article: “AmTrust holder Arca opposes sweetened $14.75-per-share buyout offer” published on June 08, 2018, Seekingalpha.com published: “AmTrust shareholder Arca disputes ISS’s revised recommendation” on June 14, 2018. More interesting news about AmTrust Financial Services, Inc. (NASDAQ:AFSI) were released by: Nasdaq.com and their article: “KBW Announces Index Rebalancing for Second-Quarter 2018” published on June 09, 2018 as well as Nasdaq.com‘s news article titled: “Leading Proxy Advisory Firm ISS Recommends AmTrust Stockholders Vote “FOR” Amended Merger Agreement with …” with publication date: June 12, 2018.

AmTrust Financial Services, Inc. (NASDAQ:AFSI) Institutional Positions Chart

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