Insider Selling: Ronald E. Pipoly, Jr. Sells 14,400 Shares of AmTrust Financial Services Stock (AFSI)
AmTrust Financial Services (NASDAQ:AFSI) CFO Ronald E. Pipoly, Jr. unloaded 14,400 shares of AmTrust Financial Services stock on the open market in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $33.17, for a total value of $477,648.00. Following the completion of the sale, the chief financial officer now directly owns 259,027 shares of the company’s stock, valued at approximately $8,591,926. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, 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, December 24th. They now have a $36.30 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. AmTrust Financial Services has a consensus rating of “Buy” and a consensus target price of $43.66.
AmTrust Financial Services (NASDAQ:AFSI) traded up 0.12% during mid-day trading on Friday, hitting $33.03. The stock had a trading volume of 922,919 shares. AmTrust Financial Services has a one year low of $26.2364 and a one year high of $42.64. The stock has a 50-day moving average of $35.02 and a 200-day moving average of $37.23. The company has a market cap of $2.466 billion and a price-to-earnings ratio of 9.24.
AmTrust Financial Services (NASDAQ:AFSI) last released its earnings data on Tuesday, November 5th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.10. The company had revenue of $796.50 million for the quarter, compared to the consensus estimate of $503.19 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 64.7% on a year-over-year basis. On average, analysts predict that AmTrust Financial Services will post $3.11 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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