Amtrust Financial Services Inc. (NASDAQ:AFSI) is Attracting Smart Money


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Amtrust Financial Services Inc. (NASDAQ:AFSI) reported that Zyskind Barry D has picked up 44,876,575 of common stock as of 2017-06-07.

The acquisition brings the aggregate amount owned by Zyskind Barry D to a total of 44,876,575 representing less than 23.5% stake in the company.

For those not familiar with the company, 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. Its segments include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment is engaged 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 engaged in providing coverage for consumer and commercial goods and custom designed coverages. The Specialty Program segment is engaged in writing commercial insurance for defined classes of insureds through general and other wholesale agents.

A glance at Amtrust Financial Services Inc. (NASDAQ:AFSI)’s key stats reveals a current market capitalization of 2.35 Billion based on 171.24 Million shares outstanding and a price at last close of $13.51 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-11-07, Karfunkel picked up 25,000 at a purchase price of $24.60. This brings their total holding to 25,000 as of the date of the filing.

On the sell side, the most recent transaction saw Ungar unload 5,000 shares at a sale price of $13.08. This brings their total holding to 164,518.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Amtrust Financial Services Inc. (NASDAQ:AFSI) as things move forward to see if its progress aligns with these transactions.

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