Cranberry Lake Advisors Exits Position in AmTrust Financial Services Inc (AFSI)

AmTrust Financial Services Inc (AFSI) : Cranberry Lake Advisors has sold out all of its stake in AmTrust Financial Services Inc during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 30,798 shares of AmTrust Financial Services Inc which is valued at $805,368.

Other Hedge Funds, Including , Icon Advisers Incco added AFSI to its portfolio by purchasing 66,300 company shares during the most recent quarter which is valued at $1,733,745. AmTrust Financial Services Inc makes up approx 0.11% of Icon Advisers Incco’s portfolio.Trust Investment Advisors reduced its stake in AFSI by selling 1,464 shares or 3.78% in the most recent quarter. The Hedge Fund company now holds 37,230 shares of AFSI which is valued at $973,565. AmTrust Financial Services Inc makes up approx 1.08% of Trust Investment Advisors’s portfolio. Sg Americas Securities sold out all of its stake in AFSI during the most recent quarter. The investment firm sold 5,015 shares of AFSI which is valued $128,384. New York State Teachers Retirement System sold out all of its stake in AFSI during the most recent quarter. The investment firm sold 7,100 shares of AFSI which is valued $175,370.

AmTrust Financial Services Inc closed down -0.22 points or -0.85% at $25.71 with 4,09,354 shares getting traded on Wednesday. Post opening the session at $26.03, the shares hit an intraday low of $25.58 and an intraday high of $26.085 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, AmTrust Financial Services Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.71. The company had revenue of $1268.44 million for the quarter, compared to analysts expectations of $1203.06 million. The company’s revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

Investors should note that on Aug 2, 2016, AmTrust Financial Services Inc announced a cash dividend of $0.1700. The company’s management has announced Oct 3, 2016 as the ex-dividend date and fixed the record date on Oct 5, 2016. The payable date has been fixed on Oct 19, 2016.

Amtrust Financial Services Inc. is an insurance holding company. Through its wholly owned subsidiaries the Company 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 Company operates through three segments. The Small Commercial Business segment provides workers’ compensation and commercial package and other property and casualty insurance products. The Specialty Risk and Extended Warranty segment provides coverage for consumer and commercial goods and custom designed coverages such as accidental damage plans and payment protection plans. The Specialty Program segment provides workers’ compensation package products general liability commercial auto liability excess and surplus lines programs and other specialty commercial property and casualty insurance.

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