Insider Selling: Donald Decarlo Sells 14,823 Shares of AmTrust Financial Services Stock (AFSI)
AmTrust Financial Services (NASDAQ:AFSI) Director Donald Decarlo sold 14,823 shares of AmTrust Financial Services stock on the open market in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $38.12, for a total transaction of $565,052.76. Following the completion of the sale, the director now directly owns 58,262 shares of the company’s stock, valued at approximately $2,220,947. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
AFSI has been the subject of a number of recent research reports. Analysts at Guggenheim initiated coverage on shares of AmTrust Financial Services (NASDAQ:AFSI) in a research note to investors on Wednesday, September 18th. They set a “buy” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods reiterated a “hold” rating on shares of AmTrust Financial Services (NASDAQ:AFSI) in a research note to investors on Tuesday, August 20th. They now have a $48.00 price target on the stock. Finally, analysts at Zacks downgraded shares of AmTrust Financial Services (NASDAQ:AFSI) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 31st. They now have a $45.10 price target on the stock.
Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.42.
Shares of AmTrust Financial Services (NASDAQ:AFSI) traded up 1.31% on Tuesday, hitting $38.58. 489,908 shares of the company’s stock traded hands. AmTrust Financial Services has a 1-year low of $21.7273 and a 1-year high of $41.72. The stock has a 50-day moving average of $37.52 and a 200-day moving average of $33.33. The company has a market cap of $2.872 billion and a price-to-earnings ratio of 11.16.
AmTrust Financial Services (NASDAQ:AFSI) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.10. The company had revenue of $716.49 million for the quarter, compared to the consensus estimate of $466.40 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 66.4% on a year-over-year basis. On average, analysts predict that AmTrust Financial Services will post $3.04 earnings per share for the current fiscal year.
Amtrust Financial Services, Inc is a holding company. The Company is a multinational specialty property and casualty insurer focused on generating consistent underwriting profits.
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