Amtrust Financial Services Insider Max G. Caviet Sells 6,477 Shares (AFSI)
Amtrust Financial Services (NASDAQ:AFSI) Insider Max G. Caviet sold 6,477 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $44.10, for a total transaction of $285,635.70. Following the transaction, the insider now directly owns 163,096 shares of the company’s stock, valued at approximately $7,192,534. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
AFSI has been the subject of a number of recent research reports. Analysts at FBR Capital Markets raised their price target on shares of Amtrust Financial Services from $50.00 to $56.00 in a research note on Monday, August 11th. They now have an “outperform” rating on the stock. Separately, analysts at JMP Securities raised their price target on shares of Amtrust Financial Services to $50.00 in a research note on Friday, August 8th. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Amtrust Financial Services from $44.00 to $48.00 in a research note on Friday, August 8th. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $51.50.
Amtrust Financial Services (NASDAQ:AFSI) traded up 1.52% on Tuesday, hitting $45.30. The stock had a trading volume of 235,853 shares. Amtrust Financial Services has a one year low of $27.90 and a one year high of $47.10. The stock has a 50-day moving average of $42.78 and a 200-day moving average of $40.32. The company has a market cap of $3.425 billion and a P/E ratio of 10.49.
Amtrust Financial Services (NASDAQ:AFSI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 55.6% on a year-over-year basis. Analysts expect that Amtrust Financial Services will post $4.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Monday, September 29th.
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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