The stock is trading at $15.12 just above the 50 day moving average of $13.48 and which is just under the 200 day moving average of $20.39. The 50 day moving average moved up $1.64 whereas the 200 day average was down by -25.84%. AmTrust Financial Services, Inc shares had a trading volume of 1,499K on Thursday. Volume was down 50.19% under the stocks average daily volume.
Short traders are more bearish on shares of the company if you take into consideration the change in short interest. The company realized a rise in short interest of 14.00% as of May 31, 2017 from the last reporting period. Short interest increased from 13,366,338 to 15,237,491 over that period. With short interest at 15,237,491 and short average daily volume at 2,808,785, the short-interest ratio is 5.4 and the percentage of shorted shares is 0.09% as of May 31.
AmTrust Financial Services, Inc (NASDAQ:AFSI) has been the object of insider selling activity recently. Stephen Ungar, Sr VP disclosed the sale of 5,000 shares. The shares were purchased at an average price of $13.08. Ungar now owns $2,151,895 of the stock per the Form 4 SEC filing. Sr VP Stephen Ungar let go of 5,000 shares at an average price of $15.61 on Mon the 17th. That brings the Sr VP’s holdings to $2,568,126 as recorded in a recent Form 4 SEC filing.
Sr VP Stephen Ungar sold 5,000 shares at an average price of $21.74 on Wed the 15th. The Sr VP now owns $3,576,621 of the stock as reported to the SEC.
Here are a few additional firms who have increased or decreased their stake in (AFSI). As of the end of the quarter Empire Life Investments Inc. had bought 723 shares growing its position 4.6%. The value of the investment in AmTrust Financial Services, Inc went from $337,000 to $300,000 a change of $37,000 quarter to quarter. Proficio Capital Partners LLC added to its investment by buying 475 shares an increase of 27.4% from 12/31/2016 to 03/31/2017. Proficio Capital Partners LLC now holds 2,206 shares worth $27,000. The total value of its holdings decreased 42.6%.
As of quarter end Morgan Stanley had disposed of a total of 6,544 shares trimming its holdings by 64.2%. The value of the investment in (AFSI) decreased from $279,000 to $67,000 decreasing 76.0% quarter over quarter. As of quarter end Goldman Sachs Group Inc had acquired a total of 1,150,536 shares growing its stake by 3,527.5%. The value in dollars went from $893,000 to $21,841,000 a change of 2,345.8% for the reporting period.
On January 14 analysts at Citigroup started covering the stock with a rating of “Buy” and setting a price target of $74.00. On November 13 the company was upgraded to “Buy” from “Neutral” in a report from Compass Point.
August 5 investment analysts at JMP Securities held the company rating at “Market Outperform” but moved up the price target to $75.00 from $72.00. On August 4, 2015 Compass Point made no change to the price target of $70.00 but downgraded the company from Buy to Neutral.
On August 4 the stock rating was downgraded from “Buy” to “Neutral” and a price target of $70.00 was set in an announcement from Compass Point. On July 10 JMP Securities made no change to the stock rating of “Market Outperform” and raised the price target from $65.00 to $72.00.
The company is now down by -0.13% since yesterday’s close of $15.14. The company announced a dividend to be paid on Monday the 17th of July 2017. The dividend payment will be $0.170 per share for the quarter or $0.68 on an annualized basis. This dividend represents a yield of $4.54. The ex-dividend date will be Thursday June 29th, 2017.
AmTrust Financial Services, Inc currently has a P/E ratio of 8.67 and the market cap is 2.59B. In the latest earnings report the EPS was $1.74 and is estimated to be $1.61 for the current year with 171,237,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.44 with next year’s EPS anticipated to be $2.01.
Amtrust Financial Services, Inc. (AmTrust), launched on November 7, 1990, 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. The Business’s segments include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Company provides reinsurance, primarily on personal and commercial automotive business. The Small Commercial Business segment is involved in providing workers’ compensation, commercial package and other commercial insurance lines produced by wholesale agents, retail agents and brokers in the United States. The Specialty Risk and Extended Warranty segment is involved in providing coverage for consumer and commercial goods and custom designed coverages. The Specialty Program segment is involved in writing commercial insurance for defined classes of insureds through general and other wholesale agents..