Ariel Gorelik Acquires 2,962 Shares of AmTrust Financial Services, Inc. (AFSI) Stock
AmTrust Financial Services, Inc. (NASDAQ:AFSI) SVP Ariel Gorelik bought 2,962 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of $9.33 per share, with a total value of $27,635.46. Following the completion of the purchase, the senior vice president now directly owns 5,977 shares of the company’s stock, valued at approximately $55,765.41. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
AmTrust Financial Services, Inc. (NASDAQ:AFSI) traded down $0.06 during trading on Friday, reaching $9.05. The company’s stock had a trading volume of 1,330,323 shares, compared to its average volume of 2,036,708. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. AmTrust Financial Services, Inc. has a 1 year low of $8.91 and a 1 year high of $28.48. The firm has a market capitalization of $1,790.00, a price-to-earnings ratio of 8.54 and a beta of 1.18.
AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.37). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.29 billion. AmTrust Financial Services had a return on equity of 9.07% and a net margin of 0.49%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 earnings per share. sell-side analysts forecast that AmTrust Financial Services, Inc. will post 0.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 7.51%. The ex-dividend date of this dividend is Friday, December 29th. AmTrust Financial Services’s payout ratio is presently -212.50%.
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A number of brokerages recently commented on AFSI. JMP Securities lowered AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, November 13th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $16.00 price objective on shares of AmTrust Financial Services in a research note on Friday, November 10th. B. Riley reiterated a “neutral” rating and set a $12.00 price objective on shares of AmTrust Financial Services in a research note on Monday, November 6th. FBR & Co lowered AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research note on Tuesday, October 24th. Finally, Zacks Investment Research lowered AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.33.
Hedge funds have recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI bought a new stake in shares of AmTrust Financial Services during the third quarter worth $135,000. Sapphire Star Partners LP bought a new stake in shares of AmTrust Financial Services during the third quarter worth $153,000. Paragon Capital Management Ltd bought a new stake in shares of AmTrust Financial Services during the third quarter worth $165,000. Amalgamated Bank grew its holdings in shares of AmTrust Financial Services by 1.4% during the first quarter. Amalgamated Bank now owns 12,697 shares of the insurance provider’s stock worth $234,000 after purchasing an additional 172 shares during the last quarter. Finally, Symons Capital Management Inc. bought a new stake in shares of AmTrust Financial Services during the third quarter worth $172,000. Institutional investors own 34.72% of the company’s stock.
AmTrust Financial Services Company Profile
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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