AmTrust Financial Services Inc. (NASDAQ:AFSI) EVP Michael J. Saxon sold 9,000 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $26.06, for a total transaction of $234,540.00. Following the transaction, the executive vice president now owns 551,434 shares of the company’s stock, valued at approximately $14,370,370.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

AmTrust Financial Services Inc. (NASDAQ:AFSI) traded down 1.99% during mid-day trading on Tuesday, hitting $25.66. 881,856 shares of the stock were exchanged. AmTrust Financial Services Inc. has a 52 week low of $23.55 and a 52 week high of $32.22. The stock’s 50-day moving average is $26.33 and its 200 day moving average is $25.85. The company has a market capitalization of $4.37 billion, a PE ratio of 11.10 and a beta of 1.08.

AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. The company earned $1.41 billion during the quarter, compared to analyst estimates of $1.22 billion. AmTrust Financial Services had a net margin of 8.39% and a return on equity of 19.81%. AmTrust Financial Services’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 EPS. On average, analysts anticipate that AmTrust Financial Services Inc. will post $3.03 EPS for the current year.

Insider Buying and Selling by Quarter for AmTrust Financial Services (NASDAQ:AFSI)

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be paid a $0.17 dividend. The ex-dividend date is Thursday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 2.65%. AmTrust Financial Services’s dividend payout ratio is currently 29.44%.

Separately, Zacks Investment Research upgraded shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $41.50.

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in AmTrust Financial Services by 178.1% in the first quarter. Royal Bank of Canada now owns 3,196,322 shares of the company’s stock valued at $82,720,000 after buying an additional 2,047,173 shares in the last quarter. Victory Capital Management Inc. raised its stake in AmTrust Financial Services by 5,599.4% in the third quarter. Victory Capital Management Inc. now owns 1,398,986 shares of the company’s stock valued at $37,535,000 after buying an additional 1,374,440 shares in the last quarter. Edge Asset Management Inc. raised its stake in AmTrust Financial Services by 34.7% in the second quarter. Edge Asset Management Inc. now owns 2,950,203 shares of the company’s stock valued at $72,280,000 after buying an additional 760,658 shares in the last quarter. State Street Corp raised its stake in AmTrust Financial Services by 108.8% in the first quarter. State Street Corp now owns 1,432,504 shares of the company’s stock valued at $37,068,000 after buying an additional 746,454 shares in the last quarter. Finally, Park West Asset Management LLC raised its stake in AmTrust Financial Services by 256.5% in the third quarter. Park West Asset Management LLC now owns 833,900 shares of the company’s stock valued at $22,374,000 after buying an additional 600,000 shares in the last quarter. Institutional investors own 44.37% of the company’s stock.

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About AmTrust Financial Services

Amtrust Financial Services, Inc (AmTrust) is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers’ compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business.

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