AmTrust Financial Services EVP Christopher Longo Sells 11,580 Shares (AFSI)
AmTrust Financial Services (NASDAQ:AFSI) EVP Christopher Longo sold 11,580 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $42.56, for a total value of $492,844.80. Following the sale, the executive vice president now directly owns 124,487 shares in the company, valued at approximately $5,298,167. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
AmTrust Financial Services (NASDAQ:AFSI) traded down 0.35% during mid-day trading on Thursday, hitting $42.39. The stock had a trading volume of 212,863 shares. 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 $42.28 and a 200-day moving average of $37.35. The company has a market cap of $3.198 billion and a P/E ratio of 11.01.
AmTrust Financial Services (NASDAQ:AFSI) last announced its earnings results on Thursday, May 1st. The company reported $1.27 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.81 earnings per share. On average, analysts predict that AmTrust Financial Services will post $4.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders 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 1.89%. The ex-dividend date is Friday, June 27th.
A number of research firms have recently commented on AFSI. 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $47.02.
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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