AmTrust Financial Services Inc. (NASDAQ:AFSI) Director Donald T. Decarlo sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $26.53, for a total value of $58,366.00. Following the completion of the transaction, the director now directly owns 130,678 shares of the company’s stock, valued at $3,466,887.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of AmTrust Financial Services Inc. (NASDAQ:AFSI) opened at 26.98 on Friday. AmTrust Financial Services Inc. has a 1-year low of $23.55 and a 1-year high of $35.63. The stock has a market cap of $4.60 billion, a PE ratio of 9.68 and a beta of 1.11. The stock’s 50 day moving average price is $26.24 and its 200 day moving average price is $25.56.
AmTrust Financial Services (NASDAQ:AFSI) last announced its 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. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. AmTrust Financial Services had a return on equity of 21.66% and a net margin of 10.18%. The company’s revenue was up 25.7% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. On average, equities research analysts anticipate that AmTrust Financial Services Inc. will post $3.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be issued a dividend of $0.17 per share. 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 2.52%. The ex-dividend date of this dividend is Monday, October 3rd. AmTrust Financial Services’s dividend payout ratio (DPR) is presently 21.47%.
AFSI has been the subject of a number of research reports. FBR & Co reiterated a “buy” rating on shares of AmTrust Financial Services in a research note on Wednesday, June 29th. Zacks Investment Research upgraded AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $40.80.
Several large investors have recently made changes to their positions in AFSI. Canada Pension Plan Investment Board increased its stake 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 last quarter. Huntington National Bank increased its stake 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 last quarter. Schroder Investment Management Group bought a new stake in shares of AmTrust Financial Services during the second quarter valued at approximately $132,000. Legal & General Group Plc increased its stake in shares of AmTrust Financial Services by 107.8% in the first quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock valued at $143,000 after buying an additional 2,876 shares during the last quarter. Finally, Invictus RG increased its stake 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 last quarter. Institutional investors and hedge funds own 42.75% of the company’s stock.
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.
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