Zyskind Barry D
recently stated that they own a 22.8% stake in AmTrust Financial Services Inc (NASDAQ:AFSI) in a Schedule 13D/A disclosure that was filed with the SEC on Wednesday, January 10th. The investor owns 44,776,575 shares of the stock valued at approximately $454,482,236. The reporting parties listed on the disclosure included Barry D Zyskind, George Karfunkel and Leah Karfunkel. The filing is available through EDGAR at this hyperlink.
Shares of AmTrust Financial Services Inc (AFSI) opened at $10.15 on Wednesday. The firm has a market cap of $1,990.00, a P/E ratio of -31.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.53. AmTrust Financial Services Inc has a one year low of $8.80 and a one year high of $27.93.
AmTrust Financial Services (NASDAQ:AFSI) last issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.04) 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 business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $0.47 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. equities analysts anticipate that AmTrust Financial Services Inc will post 0.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date of this dividend is Friday, December 29th. AmTrust Financial Services’s payout ratio is currently -212.50%.
In other news, SVP Ariel Gorelik bought 2,962 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average price of $9.33 per share, for a total transaction of $27,635.46. Following the completion of the acquisition, the senior vice president now owns 5,977 shares of the company’s stock, valued at $55,765.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 50.80% of the stock is owned by company insiders.
Several research firms have commented on AFSI. BidaskClub downgraded shares of AmTrust Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine downgraded shares of AmTrust Financial Services from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of AmTrust Financial Services from a “strong sell” rating to a “hold” rating and set a $11.00 price objective on the stock in a report on Monday. B. Riley reissued a “neutral” rating and issued a $12.00 price target on shares of AmTrust Financial Services in a report on Monday, November 6th. Finally, JMP Securities downgraded shares of AmTrust Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.71.
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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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