White Elm Capital buys $54,589,296 stake in AmTrust Financial Services Inc (AFSI)

AmTrust Financial Services Inc (AFSI) : White Elm Capital scooped up 344,249 additional shares in AmTrust Financial Services Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,110,139 shares of AmTrust Financial Services Inc which is valued at $54,589,296.AmTrust Financial Services Inc makes up approximately 5.63% of White Elm Capital’s portfolio.

Other Hedge Funds, Including , Pdt Partners reduced its stake in AFSI by selling 90,984 shares or 44.56% in the most recent quarter. The Hedge Fund company now holds 113,220 shares of AFSI which is valued at $2,929,001. AmTrust Financial Services Inc makes up approx 0.17% of Pdt Partners’s portfolio.Proshare Advisors reduced its stake in AFSI by selling 387 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 11,107 shares of AFSI which is valued at $287,338. Feltz Wealth Plan added AFSI to its portfolio by purchasing 750 company shares during the most recent quarter which is valued at $19,613.California State Teachers Retirement System boosted its stake in AFSI in the latest quarter, The investment management firm added 13,261 additional shares and now holds a total of 191,719 shares of AmTrust Financial Services Inc which is valued at $4,908,006. AmTrust Financial Services Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio. Lucus Advisors added AFSI to its portfolio by purchasing 14,220 company shares during the most recent quarter which is valued at $343,413. AmTrust Financial Services Inc makes up approx 0.26% of Lucus Advisors’s portfolio.

AmTrust Financial Services Inc closed down -0.14 points or -0.53% at $26.35 with 7,13,478 shares getting traded on Thursday. Post opening the session at $26.42, the shares hit an intraday low of $26.02 and an intraday high of $26.64 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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