Sei Investments Co. boosted its position in AmTrust Financial Services Inc (NASDAQ:AFSI) by 122.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,176 shares of the insurance provider’s stock after acquiring an additional 19,363 shares during the quarter. Sei Investments Co.’s holdings in AmTrust Financial Services were worth $513,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of AmTrust Financial Services in the 2nd quarter worth about $295,000. Eqis Capital Management Inc. purchased a new stake in shares of AmTrust Financial Services in the 2nd quarter worth about $1,170,000. Harvest Management LLC purchased a new stake in shares of AmTrust Financial Services in the 2nd quarter worth about $146,000. Nisa Investment Advisors LLC purchased a new stake in shares of AmTrust Financial Services in the 2nd quarter worth about $161,000. Finally, Amalgamated Bank boosted its position in shares of AmTrust Financial Services by 36.1% in the 2nd quarter. Amalgamated Bank now owns 15,298 shares of the insurance provider’s stock worth $223,000 after buying an additional 4,061 shares in the last quarter. 37.05% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Ariel Gorelik sold 4,244 shares of the business’s stock in a transaction dated Wednesday, June 27th. The shares were sold at an average price of $14.54, for a total value of $61,707.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 50.80% of the company’s stock.
Shares of AFSI stock opened at $14.47 on Friday. AmTrust Financial Services Inc has a twelve month low of $8.80 and a twelve month high of $14.74. The stock has a market capitalization of $2.84 billion, a P/E ratio of 13.64 and a beta of 1.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.54 and a quick ratio of 0.54.
AmTrust Financial Services Profile
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.
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