AmTrust Financial Services (NASDAQ:AFSI) CFO Ronald Pipoly, Jr. unloaded 13,950 shares of AmTrust Financial Services stock on the open market in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $37.01, for a total transaction of $516,289.50. Following the completion of the transaction, the chief financial officer now directly owns 204,881 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods reiterated a “hold” rating on shares of AmTrust Financial Services (NASDAQ:AFSI) in a research note to investors on Tuesday, August 20th. They now have a $48.00 price target on the stock. Separately, analysts at Zacks downgraded shares of AmTrust Financial Services (NASDAQ:AFSI) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 31st. They now have a $45.10 price target on the stock. Finally, analysts at Compass Point downgraded shares of AmTrust Financial Services (NASDAQ:AFSI) from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, July 23rd. They now have a $43.00 price target on the stock, up previously from $38.00.
Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.42.
AmTrust Financial Services (NASDAQ:AFSI) traded up 0.86% on Tuesday, hitting $37.37. The stock had a trading volume of 581,975 shares. AmTrust Financial Services has a 52-week low of $21.7273 and a 52-week high of $41.72. The stock has a 50-day moving average of $37.40 and a 200-day moving average of $33.07. The company has a market cap of $2.782 billion and a price-to-earnings ratio of 10.86.
AmTrust Financial Services (NASDAQ:AFSI) last released its earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.10. The company had revenue of $716.49 million for the quarter, compared to the consensus estimate of $466.40 million. During the same quarter last year, the company posted $0.72 earnings per share. AmTrust Financial Services’s revenue was up 66.4% compared to the same quarter last year. On average, analysts predict that AmTrust Financial Services will post $3.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, September 27th. This is an increase from AmTrust Financial Services’s previous quarterly dividend of $0.13.
Amtrust Financial Services, Inc is a holding company. The Company is a multinational specialty property and casualty insurer focused on generating consistent underwriting profits.