AmTrust Financial Services Sees Unusually High Options Volume (AFSI)
Shares of AmTrust Financial Services (NASDAQ:AFSI) saw unusually large options trading on Friday. Traders purchased 16,286 put options on the stock, AmericanBankingNews.com reports. This is an increase of approximately 146% compared to the average daily volume of 6,629 put options.
In other AmTrust Financial Services news, CFO Ronald E. Pipoly, Jr. sold 14,400 shares of AmTrust Financial Services stock on the open market in a transaction dated Friday, January 17th. The stock was sold at an average price of $33.17, for a total value of $477,648.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. AmTrust Financial Services currently has an average rating of “Buy” and an average price target of $43.66.
Shares of AmTrust Financial Services (NASDAQ:AFSI) opened at 33.03 on Monday. AmTrust Financial Services has a 52 week low of $26.2364 and a 52 week high of $42.64. The stock has a 50-day moving average of $34.96 and a 200-day moving average of $37.2. The company has a market cap of $2.466 billion and a P/E ratio of 9.24.
AmTrust Financial Services (NASDAQ:AFSI) last announced its earnings results on Tuesday, November 5th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 64.7% on a year-over-year basis. Analysts expect that AmTrust Financial Services will post $3.11 EPS 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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