AmTrust Financial Services Inc. (NASDAQ:AFSI) SVP Stephen Ungar sold 5,000 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $26.50, for a total transaction of $132,500.00. Following the transaction, the senior vice president now owns 169,518 shares of the company’s stock, valued at approximately $4,492,227. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, August 15th, Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock. The stock was sold at an average price of $25.93, for a total transaction of $129,650.00.
  • On Monday, July 18th, Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock. The stock was sold at an average price of $24.95, for a total transaction of $124,750.00.

Shares of AmTrust Financial Services Inc. (NASDAQ:AFSI) opened at 26.52 on Wednesday. The company has a 50-day moving average of $26.15 and a 200-day moving average of $25.54. The firm has a market capitalization of $4.53 billion, a PE ratio of 9.52 and a beta of 1.11. 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 released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. The firm 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 firm’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, equities analysts forecast that AmTrust Financial Services Inc. will post $3.06 earnings per share for the current fiscal year.

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

AFSI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. FBR & Co reiterated a “buy” rating on shares of AmTrust Financial Services in a report on Wednesday, June 29th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $40.80.

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in AmTrust Financial Services by 12.0% in the second quarter. Royal Bank of Canada now owns 3,579,743 shares of the company’s stock worth $87,704,000 after buying an additional 383,421 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in AmTrust Financial Services by 2.9% in the second quarter. Public Employees Retirement System of Ohio now owns 31,462 shares of the company’s stock worth $771,000 after buying an additional 879 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in AmTrust Financial Services by 5.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 275,680 shares of the company’s stock worth $6,755,000 after buying an additional 14,172 shares in the last quarter. Amalgamated Bank increased its position in AmTrust Financial Services by 14.6% in the second quarter. Amalgamated Bank now owns 10,909 shares of the company’s stock worth $285,000 after buying an additional 1,388 shares in the last quarter. Finally, Legal & General Group Plc increased its position 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 in the last quarter. 42.75% of the stock is owned by hedge funds and other institutional investors.

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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