AmTrust Financial Services Inc. (NASDAQ:AFSI) shares were up 2.6% during mid-day trading on Thursday . The company traded as high as $25.47 and last traded at $25.40, with a volume of 1,254,482 shares trading hands. The stock had previously closed at $24.75.

AFSI has been the topic of a number of recent research reports. SunTrust Banks Inc. reissued a “buy” rating on shares of AmTrust Financial Services in a research note on Tuesday, April 5th. FBR & Co reissued a “buy” rating on shares of AmTrust Financial Services in a research note on Wednesday, June 29th. Finally, Zacks Investment Research raised AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.25.

The company has a market cap of $4.40 billion and a P/E ratio of 10.42. The company has a 50-day moving average price of $25.22 and a 200-day moving average price of $26.03.

AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. During the same period last year, the company posted $0.73 EPS. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities research analysts predict that AmTrust Financial Services Inc. will post $2.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a $0.15 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $0.60 dividend on an annualized basis and a yield of 2.37%.

In other news, EVP Michael J. Saxon sold 9,000 shares of the stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $24.43, for a total transaction of $219,870.00. Following the transaction, the executive vice president now directly owns 596,434 shares in the company, valued at approximately $14,570,882.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Stephen Ungar sold 3,000 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $26.64, for a total value of $79,920.00. Following the transaction, the senior vice president now owns 164,686 shares in the company, valued at $4,387,235.04. The disclosure for this sale can be found here.

Several institutional investors have recently made changes to their positions in the stock. Cornerstone Capital Management Holdings LLC. raised its position in shares of AmTrust Financial Services by 22.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 211,886 shares of the company’s stock valued at $13,048,000 after buying an additional 38,625 shares during the period. Swiss National Bank raised its position in shares of AmTrust Financial Services by 14.4% in the fourth quarter. Swiss National Bank now owns 57,890 shares of the company’s stock valued at $3,565,000 after buying an additional 7,300 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of AmTrust Financial Services by 6.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 41,838 shares of the company’s stock valued at $2,576,000 after buying an additional 2,380 shares during the period. California Public Employees Retirement System raised its position in shares of AmTrust Financial Services by 20.9% in the fourth quarter. California Public Employees Retirement System now owns 223,430 shares of the company’s stock valued at $13,759,000 after buying an additional 38,700 shares during the period. Finally, Burney Co. raised its position in shares of AmTrust Financial Services by 5.5% in the fourth quarter. Burney Co. now owns 26,920 shares of the company’s stock valued at $1,717,000 after buying an additional 1,405 shares during the period.

Amtrust Financial Services, Inc is an insurance holding company. Through its wholly owned subsidiaries, the Company 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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