Ariel Gorelik Acquires 2,962 Shares of AmTrust Financial Services Inc (NASDAQ:AFSI) Stock

AmTrust Financial Services Inc (NASDAQ:AFSI) SVP Ariel Gorelik purchased 2,962 shares of AmTrust Financial Services stock in a transaction dated Wednesday, November 15th. The stock was bought at an average cost of $9.33 per share, with a total value of $27,635.46. Following the completion of the purchase, the senior vice president now owns 5,977 shares in the company, valued at approximately $55,765.41. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of AmTrust Financial Services Inc (NASDAQ:AFSI) traded up $0.14 on Monday, hitting $9.78. 1,004,800 shares of the stock traded hands, compared to its average volume of 2,011,121. AmTrust Financial Services Inc has a 52 week low of $8.80 and a 52 week high of $28.48. The firm has a market cap of $1,917.14, a price-to-earnings ratio of 9.23 and a beta of 1.12. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46.

AmTrust Financial Services (NASDAQ:AFSI) last posted its earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.37). AmTrust Financial Services had a net margin of 0.49% and a return on equity of 9.07%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. research analysts anticipate that AmTrust Financial Services Inc will post 0.94 EPS for the current year.

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date of this dividend is Friday, December 29th. AmTrust Financial Services’s payout ratio is -424.97%.

Several analysts recently commented on AFSI shares. BidaskClub lowered shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. FBR & Co lowered shares of AmTrust Financial Services from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research note on Tuesday, October 24th. Finally, B. Riley reiterated a “neutral” rating and issued a $12.00 price objective on shares of AmTrust Financial Services in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.33.

Several large investors have recently added to or reduced their stakes in the company. Empire Life Investments Inc. lifted its holdings in shares of AmTrust Financial Services by 56.5% during the 3rd quarter. Empire Life Investments Inc. now owns 25,506 shares of the insurance provider’s stock worth $343,000 after acquiring an additional 9,209 shares during the period. Elk Creek Partners LLC increased its position in shares of AmTrust Financial Services by 13.7% during the 3rd quarter. Elk Creek Partners LLC now owns 221,263 shares of the insurance provider’s stock worth $2,978,000 after purchasing an additional 26,580 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of AmTrust Financial Services during the 3rd quarter worth about $135,000. Dimensional Fund Advisors LP increased its position in shares of AmTrust Financial Services by 32.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,698,536 shares of the insurance provider’s stock worth $36,324,000 after purchasing an additional 660,088 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of AmTrust Financial Services by 3.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 829,629 shares of the insurance provider’s stock worth $11,167,000 after purchasing an additional 23,818 shares in the last quarter. 33.65% of the stock is owned by institutional investors.

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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.

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

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