Crestpoint Capital Management adds AmTrust Financial Services Inc (AFSI) to its portfolio

AmTrust Financial Services Inc (AFSI) : Crestpoint Capital Management added new position in AmTrust Financial Services Inc during the most recent quarter end. The investment management firm now holds 46,900 shares of AmTrust Financial Services Inc which is valued at $1,298,192 , the company said in a statement filed on Oct 17, 2016 with the SEC.AmTrust Financial Services Inc makes up approximately 0.68% of Crestpoint Capital Management’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in AFSI in the latest quarter, The investment management firm added 151 additional shares and now holds a total of 13,306 shares of AmTrust Financial Services Inc which is valued at $368,310. AmTrust Financial Services Inc makes up approx 0.03% of Reliance Trust Co Of Delaware’s portfolio. Capital Advisors Ltd. added AFSI to its portfolio by purchasing 800 company shares during the most recent quarter which is valued at $22,144. AmTrust Financial Services Inc makes up approx 0.01% of Capital Advisors Ltd.’s portfolio. Banced Corp added AFSI to its portfolio by purchasing 17,942 company shares during the most recent quarter which is valued at $490,893. AmTrust Financial Services Inc makes up approx 0.97% of Banced Corp’s portfolio.Genesee Valley Trust Co reduced its stake in AFSI by selling 147 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 28,861 shares of AFSI which is valued at $789,637. AmTrust Financial Services Inc makes up approx 0.51% of Genesee Valley Trust Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in AFSI in the latest quarter, The investment management firm added 3,044 additional shares and now holds a total of 10,779 shares of AmTrust Financial Services Inc which is valued at $284,350.

AmTrust Financial Services Inc opened for trading at $27.78 and hit $27.92 on the upside on Friday, eventually ending the session at $27.68, with a gain of 0.44% or 0.12 points. The heightened volatility saw the trading volume jump to 4,09,530 shares. Company has a market cap of $4,724 M.

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.

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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