Amtrust Financial Services, Inc. (AFSI) Files Form 4 Insider Selling : Stephen Ungar Sells 3,000 Shares

Amtrust Financial Services, Inc. (AFSI): Stephen Ungar , SVP, GC and Secretary of Amtrust Financial Services, Inc. sold 3,000 shares on Apr 15, 2016. The Insider selling transaction was reported by the company on Apr 18, 2016 to the Securities and Exchange Commission. The shares were sold at $25.10 per share for a total value of $75,312.60 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 4, 2016, Ronald E Jr Pipoly (EVP, Chief Financial Officer) sold 4,000 shares at $26.40 per share price.On Mar 16, 2016, Stephen Ungar (SVP, GC and Secretary) sold 3,000 shares at $25.64 per share price.Also, On Feb 26, 2016, David Saks (EVP, Chief Legal Officer) sold 10,000 shares at $24.51 per share price.On Nov 25, 2015, Abraham Gulkowitz (director) sold 7,125 shares at $61.84 per share price.

Shares of AmTrust Financial Services Inc (AFSI) ended Friday, Apr 15, 2016 session in red amid volatile trading. The shares closed down -0.15 points or -0.59% at $25.1 with 5,98,594 shares getting traded. Post opening the session at $25.25, the shares hit an intraday low of $24.98 and an intraday high of $25.25 and the price vacillated in this range throughout the day. The company has a market cap of $4,411 M and the number of outstanding shares has been calculated to be 17,57,50,140 shares. The 52-week high of AmTrust Financial Services Inc is $35.935 and the 52-week low is $23.68.

AmTrust Financial Services Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.AmTrust Financial Services Inc is Reiterated by Compass Point to Buy while Lowering the Price Target of the company shares to $ 33 from a previous price target of $35 . The Rating was issued on Feb 11, 2016.AmTrust Financial Services Inc is Reiterated by Compass Point to Buy while Lowering the Price Target of the company shares to $ 35 from a previous price target of $70 . The Rating was issued on Feb 5, 2016.

Currently the company Insiders own 45.7% of AmTrust Financial Services Inc shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by 56.31%.Institutional Investors own 21.62% of AmTrust Financial Services Inc shares.During last six month period, the net percent change held by insiders has seen a change of 56.31%.

Amtrust Financial Services Inc. is an insurance holding company. Through its wholly owned subsidiaries the Company 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 Company operates through three segments. The Small Commercial Business segment provides workers’ compensation and commercial package and other property and casualty insurance products. The Specialty Risk and Extended Warranty segment provides coverage for consumer and commercial goods and custom designed coverages such as accidental damage plans and payment protection plans. The Specialty Program segment provides workers’ compensation package products general liability commercial auto liability excess and surplus lines programs and other specialty commercial property and casualty insurance.

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