What Will Happen to Amtrust Financial Services Incorporated (NASDAQ:AFSI) Next? The Stock Has Increase in Shorts

June 20, 2017 - By Dolores Ford

 What Will Happen to Amtrust Financial Services Incorporated (NASDAQ:AFSI) Next? The Stock Has Increase in Shorts

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.18, from 0.92 in 2016Q3. It increased, as 36 investors sold AmTrust Financial Services Inc shares while 68 reduced holdings. 38 funds opened positions while 76 raised stakes. 68.87 million shares or 1.72% less from 70.08 million shares in 2016Q3 were reported.
Marshall Wace Limited Liability Partnership invested in 22,521 shares. Moreover, Cna Fin has 0.64% invested in AmTrust Financial Services Inc (NASDAQ:AFSI) for 105,000 shares. Blair William & Communication Il accumulated 62,253 shares or 0.02% of the stock. Proshare Ltd Company invested in 0% or 14,364 shares. Kennedy Capital Management Inc invested 0.11% in AmTrust Financial Services Inc (NASDAQ:AFSI). Blackrock Gru Ltd, a United Kingdom-based fund reported 105,847 shares. Da Davidson & invested in 24,825 shares. Nationwide Fund stated it has 0% in AmTrust Financial Services Inc (NASDAQ:AFSI). Bnp Paribas Arbitrage Sa has invested 0% in AmTrust Financial Services Inc (NASDAQ:AFSI). United Advisers Ltd Liability Co has 0.01% invested in AmTrust Financial Services Inc (NASDAQ:AFSI) for 42,055 shares. Bancorp Of Montreal Can holds 18,949 shares or 0% of its portfolio. Raymond James And Assoc reported 0.02% stake. Banced reported 16,275 shares. Pinnacle Limited holds 35,181 shares. State Of Wisconsin Invest Board has invested 0.04% in AmTrust Financial Services Inc (NASDAQ:AFSI).

Since January 3, 2017, it had 0 insider purchases, and 14 insider sales for $1.85 million activity. 4,830 shares were sold by DeCarlo Donald T, worth $128,809 on Wednesday, February 1. Shares for $198,720 were sold by Saxon Michael J. The insider Ungar Stephen sold $69,610. The insider Pipoly Ronald E Jr sold 4,000 shares worth $106,925.

The stock of Amtrust Financial Services Incorporated (NASDAQ:AFSI) registered an increase of 17.73% in short interest. AFSI’s total short interest was 14.74M shares in June as published by FINRA. Its up 17.73% from 12.52 million shares, reported previously. With 2.95 million shares average volume, it will take short sellers 5 days to cover their AFSI’s short positions. The short interest to Amtrust Financial Services Incorporated’s float is 17.82%.

About 464,050 shares traded. AmTrust Financial Services Inc (NASDAQ:AFSI) has declined 53.49% since June 20, 2016 and is downtrending. It has underperformed by 70.19% the S&P500.

Amtrust Financial Services, Inc. is an insurance holding company. The company has market cap of $2.39 billion. 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. It has a 8.5 P/E ratio. The Company’s divisions include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program.

AmTrust Financial Services Inc (NASDAQ:AFSI) Ratings Coverage

Among 6 analysts covering Amtrust Financial Services (NASDAQ:AFSI), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Amtrust Financial Services has $78 highest and $30 lowest target. $51’s average target is 263.77% above currents $14.02 stock price. Amtrust Financial Services had 10 analyst reports since August 5, 2015 according to SRatingsIntel. As per Thursday, February 11, the company rating was maintained by Compass Point. Compass Point downgraded the stock to “Neutral” rating in Wednesday, August 5 report. The stock of AmTrust Financial Services Inc (NASDAQ:AFSI) earned “Buy” rating by Citigroup on Thursday, January 14. The firm earned “Buy” rating on Friday, November 13 by Compass Point. As per Thursday, September 3, the company rating was maintained by William Blair. Compass Point maintained the shares of AFSI in report on Friday, February 5 with “Buy” rating.

More notable recent AmTrust Financial Services Inc (NASDAQ:AFSI) news were published by: Seekingalpha.com which released: “AmTrust: $300 Million Lifeline Or Major Sign Of Insider Confidence?” on May 29, 2017, also Nasdaq.com with their article: “AmTrust Financial Services (AFSI) Up 3.7% Since Earnings Report: Can It Continue?” published on June 13, 2017, Seekingalpha.com published: “AmTrust: No Visibility Into The Future” on June 19, 2017. More interesting news about AmTrust Financial Services Inc (NASDAQ:AFSI) were released by: Wsj.com and their article: “Founding Family of AmTrust Financial Invests Additional $300 Million in Insurer” published on May 25, 2017 as well as Insurancejournal.com‘s news article titled: “AmTrust Sells Shares in National General Holdings for $212 Million” with publication date: June 09, 2017.

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