Insider Selling: AmTrust Financial Services Inc (AFSI) SVP Sells $65,400.00 in Stock

AmTrust Financial Services Inc (NASDAQ:AFSI) SVP Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock in a transaction on Monday, May 15th. The shares were sold at an average price of $13.08, for a total value of $65,400.00. Following the completion of the sale, the senior vice president now directly owns 169,518 shares of the company’s stock, valued at $2,217,295.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Monday, April 17th, Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock. The shares were sold at an average price of $15.61, for a total value of $78,050.00.
  • On Wednesday, March 15th, Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock. The shares were sold at an average price of $21.74, for a total value of $108,700.00.
  • On Wednesday, February 15th, Stephen Ungar sold 5,000 shares of AmTrust Financial Services stock. The shares were sold at an average price of $27.48, for a total value of $137,400.00.

Shares of AmTrust Financial Services Inc (NASDAQ:AFSI) traded up 0.50% during midday trading on Friday, hitting $12.13. The company had a trading volume of 1,861,783 shares. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 6.96 and a beta of 1.02. AmTrust Financial Services Inc has a one year low of $11.91 and a one year high of $28.48. The stock’s 50-day moving average price is $15.89 and its 200-day moving average price is $22.98.

AmTrust Financial Services (NASDAQ:AFSI) last posted its earnings results 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 company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.35 billion. AmTrust Financial Services had a net margin of 8.39% and a return on equity of 19.81%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 earnings per share. Analysts predict that AmTrust Financial Services Inc will post $2.07 EPS for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Monday, July 3rd will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, June 29th. This represents a $0.68 annualized dividend and a yield of 5.63%. AmTrust Financial Services’s payout ratio is 29.44%.

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A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position 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 worth $159,994,000 after buying an additional 2,181,846 shares during the last quarter. Edge Asset Management Inc. boosted its position 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 worth $93,819,000 after buying an additional 1,013,216 shares during the last quarter. FMR LLC boosted its position 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 worth $98,527,000 after buying an additional 297,900 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of AmTrust Financial Services by 10.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,356,989 shares of the insurance provider’s stock worth $63,238,000 after buying an additional 230,348 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position 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 worth $42,430,000 after buying an additional 767,278 shares during the last quarter. 41.61% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on AFSI shares. TheStreet cut AmTrust Financial Services from a “b-” rating to a “c” rating in a research note on Monday, May 1st. Zacks Investment Research cut AmTrust Financial Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 28th. JMP Securities decreased their price objective on AmTrust Financial Services from $35.00 to $31.00 and set an “outperform” rating for the company in a research note on Tuesday, February 28th. FBR & Co reaffirmed an “outperform” rating and set a $29.00 price objective (down from $33.00) on shares of AmTrust Financial Services in a research note on Monday, April 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.00 price objective on shares of AmTrust Financial Services in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.33.

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

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