AmTrust Financial Services Inc Has Another Very Negative Options Trading Session

 AmTrust Financial Services Inc Has Another Very Negative Options Trading Session

In today’s session AmTrust Financial Services Inc (AFSI) recorded an unusually high (125) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious AFSI decrease. With 125 contracts traded and 37584 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: AFSI170120P00025000 closed last at: $1.3 or 13% up. About 179,311 shares traded hands. AmTrust Financial Services Inc (NASDAQ:AFSI) has risen 0.36% since April 5, 2016 and is uptrending. It has underperformed by 1.59% the S&P500.

AmTrust Financial Services Inc (NASDAQ:AFSI) Ratings Coverage

Out of 6 analysts covering Amtrust Financial Services (NASDAQ:AFSI), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Amtrust Financial Services has been the topic of 10 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Compass Point on Friday, November 13. William Blair maintained the stock with “Buy” rating in Thursday, September 3 report. The firm has “Buy” rating given on Friday, February 5 by Compass Point. The stock of AmTrust Financial Services Inc (NASDAQ:AFSI) has “Buy” rating given on Thursday, February 11 by Compass Point. Citigroup initiated the stock with “Buy” rating in Thursday, January 14 report. The firm has “Neutral” rating by Compass Point given on Wednesday, August 5.

According to Zacks Investment Research, “AMTRUST is a multinational property and casualty insurer specializing in coverage for small businesses. They offer workers’ compensation insurance, extended warranty coverage, specialty middle market property and casualty insurance and a host of related products and services.They have built a reputation as an innovative, technology driven insurance company. Their commitment to excellence is the common thread connecting each of our businesses.”

Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 2.84, from 3.75 in 2016Q1. The ratio is negative, 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.
Morgan Stanley has 3.60M shares for 0.03% of their US portfolio. The Florida-based Aviance Capital Limited Co has invested 0.21% in AmTrust Financial Services Inc (NASDAQ:AFSI). Genesee Valley Tru Co holds 29,008 shares or 0.46% of its portfolio. Creative Planning last reported 0% of its portfolio in the stock. Dreman Value L L C reported 705 shares or 0.01% of all its holdings. Pinnacle Associates Limited last reported 0.02% of its portfolio in the stock. Goldman Sachs Gp last reported 1.93 million shares in the company. Fund Mngmt holds 0.02% or 101,329 shares in its portfolio. Moreover, Delta Asset Llc Tn has 0% invested in AmTrust Financial Services Inc (NASDAQ:AFSI) for 80 shares. Spears Abacus, a New York-based fund reported 10,697 shares. Moreover, Omers Administration has 0.02% invested in AmTrust Financial Services Inc (NASDAQ:AFSI) for 32,100 shares. Great West Life Assurance Com Can holds 11,133 shares or 0% of its portfolio. Arcadia Mgmt Corporation Mi accumulated 0.56% or 70,220 shares. The Georgia-based Suntrust Banks has invested 0.01% in AmTrust Financial Services Inc (NASDAQ:AFSI). Moreover, Jpmorgan Chase Co has 0% invested in AmTrust Financial Services Inc (NASDAQ:AFSI) for 175,057 shares.

Insider Transactions: Since May 16, 2016, the stock had 0 buys, and 13 sales for $1.84 million net activity. Another trade for 5,000 shares valued at $129,635 was sold by Ungar Stephen. Saxon Michael J also sold $221,306 worth of AmTrust Financial Services Inc (NASDAQ:AFSI) shares. 3,200 shares were sold by DeCarlo Donald T, worth $82,835 on Tuesday, November 1.

Amtrust Financial Services, Inc. is an insurance holding company. The company has a market cap of $4.34 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 8.99 P/E ratio. The Company’s divisions include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program.

AFSI Company Profile

Amtrust Financial Services, Inc. (AmTrust), incorporated on November 7, 1990, is an insurance holding company. 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. The Company’s divisions include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Firm provides reinsurance, primarily on personal and commercial automotive business. The Small Commercial Business segment is engaged in providing workers’ compensation, commercial package and other commercial insurance lines produced by wholesale agents, retail agents and brokers in the United States. The Specialty Risk and Extended Warranty segment is engaged in providing coverage for consumer and commercial goods and custom designed coverages. The Specialty Program segment is engaged in writing commercial insurance for defined classes of insureds through general and other wholesale agents.

More important recent AmTrust Financial Services Inc (NASDAQ:AFSI) news were published by: Globenewswire.com which released: “AmTrust Financial Services, Inc. Enters Agreement to Acquire AmeriHealth …” on October 28, 2016, also Globenewswire.com published article titled: “AmTrust Financial Services, Inc. Completes Purchase of Genworth Financial …”, Globenewswire.com published: “AmTrust Financial Services, Inc. Acquires First Nationwide Title Agency, LLC” on May 20, 2016. More interesting news about AmTrust Financial Services Inc (NASDAQ:AFSI) was released by: Businesswire.com and their article: “A.M. Best Affirms Ratings of AmTrust Financial Services, Inc. and Its Subsidiaries” with publication date: July 08, 2016.

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