AmTrust Financial Services Inc. (AFSI) Director George Karfunkel Buys 50,000 Shares of Stock
AmTrust Financial Services Inc. (NASDAQ:AFSI) Director George Karfunkel bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The stock was acquired at an average cost of $25.80 per share, for a total transaction of $1,290,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
George Karfunkel also recently made the following trade(s):
- On Monday, November 7th, George Karfunkel bought 125,000 shares of AmTrust Financial Services stock. The stock was acquired at an average cost of $25.18 per share, for a total transaction of $3,147,500.00.
Shares of AmTrust Financial Services Inc. (NASDAQ:AFSI) opened at 25.46 on Thursday. The firm’s 50-day moving average price is $26.27 and its 200 day moving average price is $25.85. The company has a market capitalization of $4.34 billion, a PE ratio of 11.01 and a beta of 1.08. AmTrust Financial Services Inc. has a 52-week low of $23.55 and a 52-week high of $32.22.
AmTrust Financial Services (NASDAQ:AFSI) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. AmTrust Financial Services had a net margin of 8.39% and a return on equity of 19.81%. The business earned $1.41 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $1.79 EPS. The business’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts forecast that AmTrust Financial Services Inc. will post $3.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, December 29th. AmTrust Financial Services’s dividend payout ratio (DPR) is presently 29.44%.
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Separately, Zacks Investment Research raised AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $41.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank boosted its stake in shares of AmTrust Financial Services by 49.0% in the second quarter. Huntington National Bank now owns 4,758 shares of the company’s stock valued at $117,000 after buying an additional 1,564 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of AmTrust Financial Services during the third quarter valued at about $137,000. Schroder Investment Management Group acquired a new stake in shares of AmTrust Financial Services during the second quarter valued at about $132,000. Legal & General Group Plc boosted its stake in shares of AmTrust Financial Services by 4.4% in the second quarter. Legal & General Group Plc now owns 5,790 shares of the company’s stock valued at $142,000 after buying an additional 245 shares in the last quarter. Finally, Dreman Value Management L L C boosted its stake in shares of AmTrust Financial Services by 884.3% in the third quarter. Dreman Value Management L L C now owns 6,939 shares of the company’s stock valued at $186,000 after buying an additional 6,234 shares in the last quarter. 41.91% of the stock is owned by institutional investors and hedge funds.
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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