AmTrust Financial Services, Inc. (AFSI) SVP Sells $69,600.00 in Stock

AmTrust Financial Services, Inc. (NASDAQ:AFSI) SVP Stephen Ungar sold 5,000 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $13.92, for a total value of $69,600.00. Following the completion of the transaction, the senior vice president now owns 175,256 shares of the company’s stock, valued at approximately $2,439,563.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, May 15th, Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock. The stock was sold at an average price of $13.08, for a total value of $65,400.00.
  • On Monday, April 17th, Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock. The stock was sold at an average price of $15.61, for a total value of $78,050.00.

Shares of AmTrust Financial Services, Inc. (NASDAQ AFSI) traded down 0.249% on Tuesday, hitting $14.005. The stock had a trading volume of 1,222,189 shares. AmTrust Financial Services, Inc. has a 12-month low of $11.80 and a 12-month high of $28.48. The company’s 50-day moving average price is $13.58 and its 200 day moving average price is $21.01. The firm has a market cap of $2.40 billion, a P/E ratio of 8.035 and a beta of 1.17.

AmTrust Financial Services (NASDAQ:AFSI) last announced its quarterly earnings data on Monday, May 8th. The insurance provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.32. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.35 billion. AmTrust Financial Services had a net margin of 7.55% and a return on equity of 16.55%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. On average, equities research analysts forecast that AmTrust Financial Services, Inc. will post $1.89 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be issued a $0.17 dividend. The ex-dividend date is Thursday, June 29th. This represents a $0.68 annualized dividend and a dividend yield of 4.84%. AmTrust Financial Services’s dividend payout ratio (DPR) is 32.69%.

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Several research analysts have issued reports on the company. JMP Securities cut their price objective on AmTrust Financial Services from $35.00 to $31.00 and set an “outperform” rating for the company in a research report on Tuesday, February 28th. ValuEngine cut AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. FBR & Co reiterated an “outperform” rating and issued a $22.00 price objective (up previously from $16.00) on shares of AmTrust Financial Services in a research report on Friday, June 9th. Compass Point reiterated a “buy” rating and issued a $22.00 price objective (down previously from $26.00) on shares of AmTrust Financial Services in a research report on Tuesday, May 30th. Finally, Zacks Investment Research cut AmTrust Financial Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.75.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of AmTrust Financial Services by 33.6% in the first quarter. Vanguard Group Inc. now owns 8,667,061 shares of the insurance provider’s stock valued at $159,994,000 after buying an additional 2,181,846 shares during the period. Edge Asset Management Inc. raised its stake in shares of AmTrust Financial Services by 24.9% in the first quarter. Edge Asset Management Inc. now owns 5,082,376 shares of the insurance provider’s stock valued at $93,819,000 after buying an additional 1,013,216 shares during the period. FMR LLC raised its stake in shares of AmTrust Financial Services by 9.0% in the fourth quarter. FMR LLC now owns 3,598,480 shares of the insurance provider’s stock valued at $98,527,000 after buying an additional 297,900 shares during the period. Principal Financial Group Inc. raised its stake in shares of AmTrust Financial Services by 50.1% in the first quarter. Principal Financial Group Inc. now owns 2,298,469 shares of the insurance provider’s stock valued at $42,430,000 after buying an additional 767,278 shares during the period. Finally, State Street Corp raised its stake in shares of AmTrust Financial Services by 25.6% in the first quarter. State Street Corp now owns 2,136,486 shares of the insurance provider’s stock valued at $39,436,000 after buying an additional 435,258 shares during the period. Institutional investors and hedge funds own 45.37% of the company’s stock.

About AmTrust Financial Services

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AFSI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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