AmTrust Financial Services Inc. (AFSI) Announces Quarterly Dividend of $0.20
AmTrust Financial Services (NASDAQ:AFSI) declared a quarterly dividend on Tuesday, February 18th, Analyst Ratings.Net reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.20 per share on Monday, April 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.40%.
On the ratings front, analysts at Zacks upgraded shares of AmTrust Financial Services from a “neutral” rating to an “outperform” rating in a research note on Tuesday, December 24th. They now have a $36.30 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $43.66.
AmTrust Financial Services (NASDAQ:AFSI) opened at 33.33 on Tuesday. 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 $32.86 and a 200-day moving average of $36.7. The company has a P/E ratio of 9.08.
AmTrust Financial Services (NASDAQ:AFSI) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.06. The company had revenue of $816.40 million for the quarter, compared to the consensus estimate of $583.90 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 76.9% on a year-over-year basis. On average, analysts predict that AmTrust Financial Services will post $3.90 earnings per share for the current fiscal year.
In other AmTrust Financial Services news, EVP Christopher Longo sold 9,780 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $30.59, for a total transaction of $299,170.20. Following the completion of the transaction, the executive vice president now directly owns 82,109 shares of the company’s stock, valued at approximately $2,511,714. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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