AmTrust Financial Services, Inc. (NASDAQ:AFSI) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Monday, October 2nd will be paid a dividend of 0.17 per share by the insurance provider on Monday, October 16th. This represents a $0.68 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Friday, September 29th.
Shares of AmTrust Financial Services (AFSI) traded up 0.51% during midday trading on Friday, hitting $13.70. 1,276,382 shares of the company traded hands. AmTrust Financial Services has a 12-month low of $11.80 and a 12-month high of $28.48. The stock’s 50-day moving average is $15.16 and its 200 day moving average is $17.46. The stock has a market capitalization of $2.68 billion, a P/E ratio of 13.31 and a beta of 1.16.
AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.38 billion. AmTrust Financial Services had a net margin of 5.14% and a return on equity of 14.26%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 earnings per share. On average, analysts expect that AmTrust Financial Services will post $1.42 earnings per share for the current year.
In other news, SVP Stephen Ungar sold 5,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $13.92, for a total value of $69,600.00. Following the sale, the senior vice president now owns 175,256 shares of the company’s stock, valued at $2,439,563.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 50.80% of the company’s stock.
A number of research analysts recently issued reports on AFSI shares. TheStreet lowered shares of AmTrust Financial Services from a “b-” rating to a “c” rating in a research note on Monday, May 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $16.00 price target on shares of AmTrust Financial Services in a research note on Tuesday, May 2nd. Compass Point reaffirmed a “buy” rating and issued a $22.00 price target (down previously from $26.00) on shares of AmTrust Financial Services in a research note on Tuesday, May 30th. JMP Securities assumed coverage on shares of AmTrust Financial Services in a research note on Friday, July 7th. They issued an “outperform” rating and a $18.00 price target on the stock. Finally, BidaskClub raised shares of AmTrust Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.50.
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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