AmTrust Financial Services Inc. (NASDAQ:AFSI) SVP Stephen Ungar sold 5,000 shares of the firm’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 directly owns 169,518 shares of the company’s stock, valued at approximately $4,492,227. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.

AmTrust Financial Services Inc. (NASDAQ:AFSI) opened at 26.52 on Wednesday. The company’s 50-day moving average is $26.15 and its 200-day moving average is $25.54. AmTrust Financial Services Inc. has a 52-week low of $23.55 and a 52-week high of $35.63. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 9.52 and a beta of 1.11.

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

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

Several analysts recently commented on AFSI shares. 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 restated a “buy” rating on shares of AmTrust Financial Services in a research report on Wednesday, June 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $40.80.

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of 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 during the last quarter. Edge Asset Management Inc. increased its position in shares of AmTrust Financial Services by 34.7% in the second quarter. Edge Asset Management Inc. now owns 2,950,203 shares of the company’s stock worth $72,280,000 after buying an additional 760,658 shares during the last quarter. FMR LLC increased its position in shares of AmTrust Financial Services by 6.6% in the second quarter. FMR LLC now owns 2,451,480 shares of the company’s stock worth $60,061,000 after buying an additional 151,609 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of AmTrust Financial Services by 1.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,126,641 shares of the company’s stock worth $52,103,000 after buying an additional 28,991 shares during the last quarter. Finally, State Street Corp increased its position in shares of AmTrust Financial Services by 3.6% in the second quarter. State Street Corp now owns 1,483,966 shares of the company’s stock worth $36,358,000 after buying an additional 51,462 shares during the last quarter. Institutional investors 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.

5 Day Chart for NASDAQ:AFSI

Receive News & Ratings for AmTrust Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmTrust Financial Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.