AmTrust Financial Services Inc. (NASDAQ:AFSI) Director Donald T. Decarlo sold 2,200 shares of AmTrust Financial Services stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $26.53, for a total transaction of $58,366.00. Following the sale, the director now owns 130,678 shares in the company, valued at $3,466,887.34. The sale was disclosed in a document filed with the SEC, which is available through this link.

AmTrust Financial Services Inc. (NASDAQ:AFSI) opened at 26.55 on Thursday. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 9.53 and a beta of 1.11. AmTrust Financial Services Inc. has a 1-year low of $23.55 and a 1-year high of $35.63. The firm has a 50-day moving average of $26.20 and a 200-day moving average of $25.55.

AmTrust Financial Services (NASDAQ:AFSI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.07. The business earned $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. AmTrust Financial Services had a net margin of 10.18% and a return on equity of 21.66%. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, analysts expect that AmTrust Financial Services Inc. will post $3.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, October 5th will be paid a $0.17 dividend. The ex-dividend date is Monday, October 3rd. This is an increase from AmTrust Financial Services’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 2.56%. AmTrust Financial Services’s dividend payout ratio is 21.47%.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. FBR & Co reiterated a “buy” rating on shares of AmTrust Financial Services in a research note on Wednesday, June 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. AmTrust Financial Services presently has a consensus rating of “Buy” and an average target price of $40.80.

Several hedge funds and other institutional investors have recently made changes to their positions in AFSI. Canada Pension Plan Investment Board increased its position in shares of AmTrust Financial Services by 104.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,300 shares of the company’s stock valued at $111,000 after buying an additional 2,200 shares during the period. Huntington National Bank increased its position in shares of AmTrust Financial Services by 49.0% in the second quarter. Huntington National Bank now owns 4,758 shares of the company’s stock valued at $117,000 after buying an additional 1,564 shares during the period. Schroder Investment Management Group purchased a new position in shares of AmTrust Financial Services during the second quarter valued at $132,000. Legal & General Group Plc increased its position in shares of AmTrust Financial Services by 4.4% in the second quarter. Legal & General Group Plc now owns 5,790 shares of the company’s stock valued at $142,000 after buying an additional 245 shares during the period. Finally, Invictus RG increased its position in shares of AmTrust Financial Services by 360.2% in the first quarter. Invictus RG now owns 6,521 shares of the company’s stock valued at $169,000 after buying an additional 5,104 shares during the period. Institutional investors and hedge funds own 42.75% 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.

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