Company shares are trading at $12.56 just a bit lower than the 50 day moving average of $13.31 and significantly below the 200 day moving average of $14.03. The 50 day moving average was down by -5.63% and the 200 day average went down $-1.47 or -10.46%. AmTrust Financial Services, Inc shares had a trading volume of 564K on Tuesday. Shares saw a steep decrease in trading volume of 28.18% under the normal average daily volume.
Short traders are feeling a little more bearish on shares of the company lately if you watch the change in short interest. The firm had a rise in short interest from September 29, 2017 to October 13, 2017 of 0.98%. Short shares grew 155,580 over that timeframe. The days to cover increased to 17.0 and the percentage of shorted shares is 0.08% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter First Trust Advisors Lp had sold 465,511 shares trimming its position 59.5%. The value of the investment in (AFSI) went from $11,836,000 to $4,257,000 decreasing 64.0% for the reporting period. As of quarter end Aperio Group, LLC had disposed of a total of 34,917 shares trimming its holdings by 42.0%. The value of the total investment in AmTrust Financial Services, Inc decreased from $1,258,000 to $648,000 a change of $610,000 quarter to quarter.
As of the end of the quarter Intact Investment Management Inc. had bought 39,300 shares growing its stake by 76.6%. The value of the company’s investment in AmTrust Financial Services, Inc went from $776,000 to $1,219,000 a change of 57.1% since the last quarter. Simplex Trading, LLC downsized its investment by shedding 32,041 shares a decrease of 86.6% in the quarter. Simplex Trading, LLC controls 4,976 shares worth $66,000. The value of the position overall is down by 88.2%.
On October 24 the company was downgraded from “Outperform” to “Neutral” in an announcement from FBR Capital.
The company is now down by 0.71% percent from yesterday’s close. AmTrust Financial Services, Inc also recently declared a dividend that was paid on Monday the 17th of July 2017. The dividend was $0.170 per share for the quarter or $0.68 annualized. The dividend yield was $5.34. The ex-dividend date was set for Friday the 29th of September 2017.
AmTrust Financial Services, Inc’s P/E ratio is 12.21 and the market cap is 2.46B. In the last earnings report the EPS was $1.03 and is estimated to be $1.18 for the current year with 195,805,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.36 and the next full year EPS is anticipated to be $1.77.
Amtrust Financial Services, Inc. (AmTrust), launched on November 7, 1990, 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. The Business’s segments include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Company provides reinsurance, primarily on personal and commercial automotive business. The Small Commercial Business segment is involved in providing workers’ compensation, commercial package and other commercial insurance lines produced by wholesale agents, retail agents and brokers in the United States. The Specialty Risk and Extended Warranty segment is involved in providing coverage for consumer and commercial goods and custom designed coverages. The Specialty Program segment is involved in writing commercial insurance for defined classes of insureds through general and other wholesale agents..Advertisement