The stock of Amtrust Financial Services Incorporated (NASDAQ:AFSI) registered an increase of 8.48% in short interest. AFSI’s total short interest was 6.00M shares in September as published by FINRA. Its up 8.48% from 5.53 million shares, reported previously. With 523,300 shares average volume, it will take short sellers 12 days to cover their AFSI’s short positions. The short interest to Amtrust Financial Services Incorporated’s float is 5.65%. About 376,381 shares traded hands. AmTrust Financial Services Inc (NASDAQ:AFSI) has risen 0.15% since February 8, 2016 and is uptrending. It has underperformed by 16.34% the S&P500.
Amtrust Financial Services, Inc. is an insurance holding company. The company has a market cap of $4.58 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 9.44 P/E ratio. The Company’s divisions include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program.
The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 2.84, from 3.75 in 2016Q1. The ratio worsened, as 40 funds sold all AmTrust Financial Services Inc shares owned while 79 reduced positions. 26 funds bought stakes while 82 increased positions. They now own 71.45 million shares or 52.16% less from 149.36 million shares in 2016Q1.
White Elm Capital Llc holds 6.79% of its portfolio in AmTrust Financial Services Inc for 2.40 million shares. Nebula Capital Management Lp owns 18,910 shares or 3.67% of their US portfolio. Moreover, S&T Bank Pa has 2.51% invested in the company for 627,216 shares. The California-based Neumeier Poma Investment Counsel Llc has invested 2.03% in the stock. Maple Capital Management Inc., a Vermont-based fund reported 225,832 shares.
Out of 3 analysts covering Amtrust Financial (NASDAQ:AFSI), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $70 is the highest target while $30 is the lowest. The $34 average target is 28.50% above today’s ($26.46) stock price. Amtrust Financial has been the topic of 6 analyst reports since November 13, 2015 according to StockzIntelligence Inc. Compass Point maintained the stock on February 11 with “Buy” rating.
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