Amtrust Financial Services, Inc. (AFSI) Files Form 4 Insider Selling : Michael J Saxon Sells 9,000 Shares

Amtrust Financial Services, Inc. (AFSI): Michael J Saxon , EVP – U.S. Commercial Lines of Amtrust Financial Services, Inc. sold 9,000 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were sold at $26.60 per share for a total value of $239,379.30 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 16, 2016, Donald T Decarlo (director) sold 2,200 shares at $26.53 per share price.On Sep 15, 2016, Stephen Ungar (SVP, GC and Secretary) sold 5,000 shares at $26.50 per share price.Also, On Aug 23, 2016, Michael J Saxon (EVP – U.S. Commercial Lines) sold 9,000 shares at $25.61 per share price.On Jun 3, 2016, David Saks (EVP, Chief Legal Officer) sold 10,000 shares at $26.54 per share price.

Shares of AmTrust Financial Services Inc (AFSI) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.16 points or -0.60% at $26.52 with 5,26,475 shares getting traded. Post opening the session at $26.66, the shares hit an intraday low of $26.4 and an intraday high of $26.68 and the price vacillated in this range throughout the day. The company has a market cap of $4,526 M and the number of outstanding shares has been calculated to be 17,06,68,960 shares. The 52-week high of AmTrust Financial Services Inc is $35.63 and the 52-week low is $23.5548.

AmTrust Financial Services Inc Money Flow Index Chart

On Aug 2, 2016, AmTrust Financial Services Inc announced a cash dividend of $0.1700. The company’s management has announced Oct 3, 2016 as the ex-dividend date and fixed the record date on Oct 5, 2016. The payable date has been fixed on Oct 19, 2016.

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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