AmTrust Financial Services Insider Sells $290,893 in Stock (AFSI)
AmTrust Financial Services (NASDAQ:AFSI) Insider Max G. Caviet sold 6,430 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $45.24, for a total value of $290,893.20. Following the sale, the insider now directly owns 137,419 shares in the company, valued at approximately $6,216,836. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on AFSI shares. Analysts at Zacks upgraded shares of AmTrust Financial Services from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 21st. They now have a $47.10 price target on the stock. Separately, analysts at Compass Point upgraded shares of AmTrust Financial Services from a “neutral” rating to a “buy” rating in a research note on Friday, May 2nd. They now have a $49.00 price target on the stock, up previously from $37.00. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.02.
AmTrust Financial Services (NASDAQ:AFSI) traded down 0.11% on Wednesday, hitting $44.85. 451,529 shares of the company’s stock traded hands. AmTrust Financial Services has a 52 week low of $27.90 and a 52 week high of $47.10. The stock has a 50-day moving average of $40.58 and a 200-day moving average of $37.16. The company has a market cap of $3.383 billion and a P/E ratio of 11.62.
AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.36. The company had revenue of $954.00 million for the quarter, compared to the consensus estimate of $687.18 million. During the same quarter last year, the company posted $0.81 earnings per share. On average, analysts predict that AmTrust Financial Services will post $4.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Friday, June 27th.
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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