Cim LLC decreased its stake in shares of AmTrust Financial Services Inc (NASDAQ:AFSI) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,558 shares of the company’s stock after selling 333 shares during the period. AmTrust Financial Services comprises about 0.3% of Cim LLC’s investment portfolio, making the stock its 26th largest position. Cim LLC’s holdings in AmTrust Financial Services were worth $712,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ipswich Investment Management Company bought a new position in shares of AmTrust Financial Services during the fourth quarter worth about $331,000. Creative Planning boosted its position in shares of AmTrust Financial Services by 53.2% in the fourth quarter. Creative Planning now owns 5,736 shares of the company’s stock worth $353,000 after buying an additional 1,991 shares during the last quarter. CUE Financial Group boosted its position in shares of AmTrust Financial Services by 130.8% in the fourth quarter. CUE Financial Group now owns 11,780 shares of the company’s stock worth $725,000 after buying an additional 6,675 shares during the last quarter. 1st Global Advisors Inc. boosted its position in shares of AmTrust Financial Services by 5.8% in the fourth quarter. 1st Global Advisors Inc. now owns 13,741 shares of the company’s stock worth $846,000 after buying an additional 748 shares during the last quarter. Finally, Arcadia Investment Management Corp MI boosted its position in shares of AmTrust Financial Services by 155.2% in the fourth quarter. Arcadia Investment Management Corp MI now owns 37,000 shares of the company’s stock worth $2,278,000 after buying an additional 22,500 shares during the last quarter.

Shares of AmTrust Financial Services Inc (NASDAQ:AFSI) traded down 0.89% during mid-day trading on Tuesday, hitting $56.69. The stock had a trading volume of 36,823 shares. AmTrust Financial Services Inc has a 12-month low of $51.44 and a 12-month high of $71.87. The stock has a market capitalization of $4.70 billion and a price-to-earnings ratio of 9.82. The stock’s 50-day moving average price is $58.55 and its 200-day moving average price is $62.42. Shares of AmTrust Financial Services are going to split before the market opens on Wednesday, February 3rd. The 2-1 split was announced on Tuesday, December 15th. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, February 2nd.

AmTrust Financial Services (NASDAQ:AFSI) last announced its earnings results on Tuesday, November 3rd. The company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.36 by $0.43. The business earned $1.14 billion during the quarter, compared to analyst estimates of $1,000 million. During the same period in the previous year, the firm earned $1.70 earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year. On average, equities analysts anticipate that AmTrust Financial Services Inc will post $6.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 15th. Stockholders of record on Monday, January 4th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Wednesday, December 30th.

AFSI has been the topic of a number of recent research reports. Citigroup Inc. initiated coverage on AmTrust Financial Services in a report on Thursday, January 14th. They issued a “buy” rating and a $74.00 target price on the stock. Zacks Investment Research upgraded AmTrust Financial Services from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Wednesday, January 13th. Compass Point upgraded AmTrust Financial Services from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Friday, November 13th. Finally, FBR & Co. restated a “buy” rating and issued a $76.00 target price on shares of AmTrust Financial Services in a report on Wednesday, November 11th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. AmTrust Financial Services currently has a consensus rating of “Buy” and a consensus target price of $72.33.

In other AmTrust Financial Services news, SVP Stephen Ungar sold 1,500 shares of the company’s stock in a transaction on Friday, January 15th. The stock was sold at an average price of $55.15, for a total transaction of $82,725.00. Following the transaction, the senior vice president now owns 79,593 shares of the company’s stock, valued at approximately $4,389,553.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Abraham Gulkowitz sold 7,125 shares of the company’s stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $61.84, for a total value of $440,610.00. Following the transaction, the director now directly owns 14,830 shares in the company, valued at approximately $917,087.20. The disclosure for this sale can be found here.

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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