AmTrust Financial Services Inc (AFSI) Position Raised by Great West Life Assurance Co. Can

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Great West Life Assurance Co. Can boosted its position in AmTrust Financial Services Inc (NASDAQ:AFSI) by 40.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,718 shares of the insurance provider’s stock after purchasing an additional 3,954 shares during the period. Great West Life Assurance Co. Can’s holdings in AmTrust Financial Services were worth $169,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of AFSI. Two Sigma Securities LLC acquired a new stake in AmTrust Financial Services during the fourth quarter worth approximately $115,000. Xact Kapitalforvaltning AB acquired a new stake in AmTrust Financial Services during the fourth quarter worth approximately $117,000. MANA Advisors LLC acquired a new stake in AmTrust Financial Services during the fourth quarter worth approximately $142,000. ETRADE Capital Management LLC acquired a new stake in AmTrust Financial Services during the first quarter worth approximately $206,000. Finally, Stockman Wealth Management Inc. acquired a new stake in AmTrust Financial Services during the fourth quarter worth approximately $462,000. Institutional investors and hedge funds own 28.92% of the company’s stock.

In other news, SVP Ariel Gorelik sold 5,707 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $13.30, for a total transaction of $75,903.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Barry D. Zyskind bought 2,945,113 shares of the stock in a transaction dated Thursday, April 19th. The shares were acquired at an average cost of $12.62 per share, for a total transaction of $37,167,326.06. The disclosure for this purchase can be found here. 50.80% of the stock is currently owned by company insiders.

Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of AmTrust Financial Services from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Zacks Investment Research upgraded shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research report on Monday, June 18th. TheStreet upgraded shares of AmTrust Financial Services from a “d+” rating to a “c+” rating in a research report on Monday, June 4th. ValuEngine upgraded shares of AmTrust Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Finally, Compass Point downgraded shares of AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Monday, February 26th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.29.

Shares of AmTrust Financial Services opened at $14.56 on Friday, according to Marketbeat. AmTrust Financial Services Inc has a 12 month low of $8.80 and a 12 month high of $16.37. The company has a market cap of $2.86 billion, a PE ratio of 13.76 and a beta of 1.29. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.43.

About AmTrust Financial Services

AmTrust Financial Services, Inc provides property and casualty insurance in the United States and internationally. The company operates in three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment offers workers' compensation insurance products; and commercial package, and other property and casualty insurance products, such as commercial property, general liability, inland marine, employment practices liability, commercial automobile, and umbrella coverage to small businesses.

Institutional Ownership by Quarter for AmTrust Financial Services (NASDAQ:AFSI)

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