Insider Selling: Michael J. Saxon Sells 20,538 Shares of AmTrust Financial Services Stock (AFSI)
AmTrust Financial Services (NASDAQ:AFSI) COO Michael J. Saxon sold 20,538 shares of AmTrust Financial Services stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $41.73, for a total value of $857,050.74. Following the sale, the chief operating officer now directly owns 279,476 shares of the company’s stock, valued at approximately $11,662,533. The sale was disclosed in a filing with the SEC, which is available at this link.
AmTrust Financial Services (NASDAQ:AFSI) traded up 0.24% on Tuesday, hitting $41.60. The stock had a trading volume of 303,670 shares. AmTrust Financial Services has a 1-year low of $27.90 and a 1-year high of $47.10. The stock’s 50-day moving average is $42.04 and its 200-day moving average is $38.45. The company has a market cap of $3.138 billion and a P/E ratio of 10.74.
AmTrust Financial Services (NASDAQ:AFSI) last released its earnings data on Thursday, May 1st. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.81 earnings per share. On average, analysts predict that AmTrust Financial Services will post $4.41 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of AmTrust Financial Services from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 15th. They now have a $49.10 price target on the stock. Finally, 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.
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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