AmTrust Financial Services Inc. (AFSI) SVP Stephen Ungar Sells 5,000 Shares

AmTrust Financial Services Inc. (NASDAQ:AFSI) SVP Stephen Ungar sold 5,000 shares of the stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $27.82, for a total value of $139,100.00. Following the completion of the sale, the senior vice president now directly owns 159,518 shares of the company’s stock, valued at approximately $4,437,790.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Stephen Ungar also recently made the following trade(s):

  • On Thursday, September 15th, Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock. The shares were sold at an average price of $26.50, for a total value of $132,500.00.
  • On Monday, August 15th, Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock. The shares were sold at an average price of $25.93, for a total value of $129,650.00.

Shares of AmTrust Financial Services Inc. (NASDAQ:AFSI) traded down 0.18% during midday trading on Wednesday, reaching $27.28. The company’s stock had a trading volume of 467,340 shares. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 9.79 and a beta of 1.10. The stock has a 50-day moving average price of $26.71 and a 200-day moving average price of $25.69. AmTrust Financial Services Inc. has a 52-week low of $23.55 and a 52-week high of $35.63.

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.07. AmTrust Financial Services had a return on equity of 21.66% and a net margin of 10.18%. The firm earned $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue was up 25.7% compared to the same quarter last year. Equities research analysts anticipate that AmTrust Financial Services Inc. will post $3.05 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for AmTrust Financial Services (NASDAQ:AFSI)

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.68 annualized dividend and a yield of 2.49%. This is a positive change from AmTrust Financial Services’s previous quarterly dividend of $0.15. AmTrust Financial Services’s payout ratio is 24.33%.

A number of large investors have recently modified their holdings of the company. Reliance Trust Co. of Delaware raised its stake in shares of AmTrust Financial Services by 1.1% in the second quarter. Reliance Trust Co. of Delaware now owns 13,306 shares of the company’s stock valued at $326,000 after buying an additional 151 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in AmTrust Financial Services by 1.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 18,245 shares of the company’s stock worth $447,000 after buying an additional 244 shares during the period. Legal & General Group Plc raised its stake in AmTrust Financial Services by 4.4% in the second quarter. 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. Cubist Systematic Strategies LLC raised its stake in AmTrust Financial Services by 3.9% in the second quarter. Cubist Systematic Strategies LLC now owns 10,203 shares of the company’s stock worth $250,000 after buying an additional 380 shares during the period. Finally, Hancock Holding Co. raised its stake in AmTrust Financial Services by 1.9% in the second quarter. Hancock Holding Co. now owns 28,758 shares of the company’s stock worth $705,000 after buying an additional 550 shares during the period. 42.74% of the stock is owned by hedge funds and other institutional investors.

AFSI has been the subject of several recent analyst reports. FBR & Co reaffirmed a “buy” rating on shares of AmTrust Financial Services in a research note on Wednesday, June 29th. Zacks Investment Research cut AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $40.80.

AmTrust Financial Services Company Profile

Amtrust Financial Services, Inc (AmTrust) 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.

5 Day Chart for NASDAQ:AFSI

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