Redwood Investment Management LLC Has $984,000 Holdings in AmTrust Financial Services Inc (AFSI)

Redwood Investment Management LLC lessened its stake in AmTrust Financial Services Inc (NASDAQ:AFSI) by 9.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,735 shares of the insurance provider’s stock after selling 6,696 shares during the period. Redwood Investment Management LLC’s holdings in AmTrust Financial Services were worth $984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank lifted its stake in shares of AmTrust Financial Services by 20.5% in the 2nd quarter. Swiss National Bank now owns 204,780 shares of the insurance provider’s stock valued at $2,984,000 after purchasing an additional 34,800 shares during the period. Voya Investment Management LLC lifted its stake in shares of AmTrust Financial Services by 13.8% in the 2nd quarter. Voya Investment Management LLC now owns 42,344 shares of the insurance provider’s stock valued at $617,000 after purchasing an additional 5,149 shares during the period. Alpine Associates Management Inc. acquired a new position in shares of AmTrust Financial Services in the 2nd quarter valued at about $24,612,000. K2 Principal Fund L.P. acquired a new position in shares of AmTrust Financial Services in the 2nd quarter valued at about $1,574,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of AmTrust Financial Services by 148.5% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 246,726 shares of the insurance provider’s stock valued at $3,582,000 after purchasing an additional 147,426 shares during the period. Hedge funds and other institutional investors own 37.99% of the company’s stock.

AFSI stock opened at $13.98 on Friday. AmTrust Financial Services Inc has a fifty-two week low of $8.80 and a fifty-two week high of $14.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $2.75 billion, a P/E ratio of 13.19 and a beta of 1.09.

A number of research analysts have recently issued reports on AFSI shares. B. Riley boosted their price objective on AmTrust Financial Services from $12.00 to $14.75 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. BidaskClub downgraded AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Six analysts have rated the stock with a hold rating, AmTrust Financial Services has an average rating of “Hold” and an average price target of $14.88.

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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.

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

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