AmTrust Financial Services CFO Ronald Pipoly Jr Sells 13,930 Shares (AFSI)
AmTrust Financial Services (NASDAQ:AFSI) CFO Ronald Pipoly, Jr. sold 13,930 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $37.19, for a total value of $518,056.70. Following the completion of the sale, the chief financial officer now directly owns 218,376 shares in the company, valued at approximately $8,121,403. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of AmTrust Financial Services from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $45.10 price target on the stock. Separately, analysts at Guggenheim initiated coverage on shares of AmTrust Financial Services in a research note to investors on Wednesday, September 18th. They set a “buy” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods reiterated a “hold” rating on shares of AmTrust Financial Services in a research note to investors on Tuesday, August 20th. They now have a $48.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $45.42.
AmTrust Financial Services (NASDAQ:AFSI) traded up 3.05% on Thursday, hitting $38.50. 562,517 shares of the company’s stock traded hands. AmTrust Financial Services has a 52-week low of $21.7273 and a 52-week high of $41.72. The stock’s 50-day moving average is $37.04 and its 200-day moving average is $34.01. The company has a market cap of $2.866 billion and a P/E ratio of 10.95.
AmTrust Financial Services (NASDAQ:AFSI) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the 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 $3.05 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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