AmTrust Financial Services Inc. Declares Quarterly Dividend of $0.20 (AFSI)
AmTrust Financial Services (NASDAQ:AFSI) announced a quarterly dividend on Thursday, August 7th, AmericanBankingNews.com reports. Shareholders of record on Wednesday, October 1st will be paid a dividend of 0.20 per share on Wednesday, October 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.85%.
AmTrust Financial Services (NASDAQ:AFSI) traded down 0.86% on Thursday, hitting $42.81. 1,208,942 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’s 50-day moving average is $42.1 and its 200-day moving average is $39.21. The company has a market cap of $3.229 billion and a price-to-earnings ratio of 11.18.
AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.00 by $0.33. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $824.40 million. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 55.6% on a year-over-year basis. On average, analysts predict that AmTrust Financial Services will post $4.45 earnings per share for the current fiscal year.
In other AmTrust Financial Services news, Insider Max G. Caviet sold 6,630 shares of AmTrust Financial Services stock on the open market in a transaction dated Friday, July 25th. The stock was sold at an average price of $41.56, for a total value of $275,542.80. The sale was disclosed in a legal filing 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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