AmTrust Financial misses 4Q profit forecasts
- Author: Zachary Reyes Feb 28, 2017,
Feb 28, 2017, 15:09
Nova Lifestyle, Inc. (NASDAQ:NVFY) yearly performance is 77.95% and net profit margin is -0.20%. During the same period a year ago, the firm earned $1.79 EPS. Legal & General Group Plc now owns 5,790 shares of the company's stock worth $142,000 after buying an additional 245 shares during the period. (NASDAQ:AFSI)'s market cap, the total dollar value of all of their outstanding shares, is 4733.46m. The business's quarterly revenue was up 14.9% on a year-over-year basis. Insiders own 42.80% of the company's stock. Prudential Financial Inc. raised its position in shares of AmTrust Financial Services by 2.3% in the third quarter. AmTrust Financial Services, Inc.
Several institutional investors have recently modified their holdings of the company.
While if we look at the Earnings Track Record, AmTrust Financial Services, Inc. Prudential Financial Inc. raised its position in AmTrust Financial Services by 2.3% in the third quarter. The Company noted that it appointed a new independent registered public accounting firm on April 1, 2016, and stated that additional time was needed to review its consolidated financial statements and internal controls over financial reporting. Analysts, on average, forecast AmTrust Financial Services, Inc.to earn $0.77 per share (EPS) on revenue of $1.24B. Rothschild Asset Management Inc. now owns 722,137 shares of the company's stock worth $19,375,000 after buying an additional 130,337 shares in the last quarter. Rothschild Asset Management Inc. raised its position in AmTrust Financial Services by 22.0% in the third quarter. Victory Capital Management Inc. now owns 1,398,986 shares of the company's stock worth $37,535,000 after buying an additional 1,374,440 shares in the last quarter. Following the transaction, the director now directly owns 120,944 shares of the company's stock, valued at $3,114,308. Dreman Value Management L L C increased its position in shares of AmTrust Financial Services by 884.3% in the third quarter. The firm's 50-day moving average price is $26.95 and its 200-day moving average price is $26.64. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of AmTrust Financial Services by 39.4% in the third quarter. The firm has a market capitalization of $4.69 billion, a PE ratio of 11.89 and a beta of 1.02. Following the transaction, the chief financial officer now directly owns 314,313 shares in the company, valued at $8,401,586.49. "(AFSI) Reaches New 52-Week Low After Earnings Miss" was originally posted by Community Financial News and is the property of of Community Financial News.
AMTrust, which specializes in insurance for small businesses, said it had found and corrected errors during the fourth quarter related to previous quarters in 2016 and 2015, according to CNBC.