AFSI - AmTrust Financial Services, Inc.

NasdaqGS - NasdaqGS Real-time price. Currency in USD
14.68
-0.05 (-0.34%)
At close: 4:00PM EDT
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Previous close14.73
Open14.69
Bid0.00 x 3200
Ask0.00 x 3100
Day's range14.64 - 14.73
52-week range8.80 - 16.37
Volume1,464,427
Avg. volume1,696,850
Market cap2.883B
Beta1.18
PE ratio (TTM)12.60
EPS (TTM)1.16
Earnings date6 Aug 2018 - 10 Aug 2018
Forward dividend & yield0.68 (4.66%)
Ex-dividend date2018-03-29
1y target est12.75
Trade prices are not sourced from all markets
  • AmTrust Shares Rise After Evergreen Parent Sweetens Bid
    Zacks12 days ago

    AmTrust Shares Rise After Evergreen Parent Sweetens Bid

    AmTrust Financial's (AFSI) new offer price of $14.75 per share in cash represents 9.3% increase over previous offer and 45% premium to the closing price on Jan 9, 2018.

  • The Wall Street Journal12 days ago

    [$$] Investors Raise Offer for AmTrust After Pressure From Carl Icahn

    Carl Icahn pushed to get more money from a group of New York families looking to take their insurance company private. On Thursday, a group of investors seeking to take AmTrust Financial Services Inc. private agreed to sweeten their offer to $2.95 billion. In the new deal, the Karfunkel and Zyskind families, along with private-equity firm Stone Point Capital LLC, will boost their offer for the 45% of the company they don’t already control to $14.75 a share, up from the previous offer of $13.50.

  • AmTrust agrees to sweetened $2.95 billion buyout offer
    Reuters13 days ago

    AmTrust agrees to sweetened $2.95 billion buyout offer

    Evergreen Parent, an entity formed by AmTrust's founding family, its chief executive officer and some private equity funds, will pay $14.75 per share in cash, up from its earlier offer of $13.50 per share, the insurer said. Billionaire investor Icahn, who owns a 9.4 percent stake in the company, had strongly opposed the go-private deal and sued AmTrust and the controlling family, accusing them of trying to take the insurer private at the wrong time and the wrong price. "By raising the merger price to $14.75, over $100 million of incremental value has been created for public stockholders," Icahn said on Thursday.

  • AmTrust agrees to sweetened $2.95 billion buyout offer
    Reuters13 days ago

    AmTrust agrees to sweetened $2.95 billion buyout offer

    Evergreen Parent, an entity formed by AmTrust's founding family, its chief executive officer and some private equity funds, will pay $14.75 per share in cash, up from its earlier offer of $13.50 per share, the insurer said. Billionaire investor Icahn, who owns a 9.4 percent stake in the company, had strongly opposed the go-private deal and sued AmTrust and the controlling family, accusing them of trying to take the insurer private at the wrong time and the wrong price. "By raising the merger price to $14.75, over $100 million of incremental value has been created for public stockholders," Icahn said on Thursday.

  • Barrons.com13 days ago

    Icahn Squeezes a Better Deal From AmTrust

    The families controlling AmTrust Financial Services (AFSI) agreed to raise their offer to take the troubled New York insurer private, after Carl Icahn successfully urged shareholders to vote against an earlier offer on June 4. AmTrust's founding Karfunkel and Zyskind families announced this morning that they've boosted their cash bid to $14.75 a share for the 45% of AmTrust in public hands—a 9.3% hike over the $13.50 price that Icahn had denounced as too low by half. Icahn endorsed the new deal, saying in AmTrust's announcement that "over $100 million in incremental value has been created for public stockholders." It also created value for Icahn.

  • Top Rated Dividend Stocks
    Simply Wall St.13 days ago

    Top Rated Dividend Stocks

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  • MarketWatch13 days ago

    AmTrust Financial's stock surges after buyout bid was raised

    AmTrust Financial Services Inc.'s stock surged 2.8% in premarket trade Thursday, after Evergreen Parent LP raised its bid to buy the shares that the Karfunkel-Zyskind family down already own or control to $14.75 a share from $13.50 a share. Evergreen Parent is an entity formed by the Karfunkel-Zyskind family and private equity funds managed by Stone Point Capital LLC. Barry Zyskind is the insurance services company's chairman and chief executive. The new bid, which is 9.3% above the previous agreed upon price in March, values AmTrust at about $2.95 billion.

  • The Wall Street Journal15 days ago

    [$$] AmTrust Delays Shareholder Vote on Going-Private Deal

    AmTrust Financial Services Inc. said it delayed a shareholder vote on its $2.7 billion going-private deal, indicating it doesn’t yet have the votes to approve the transaction in the wake of opposition from activist investor Carl Icahn. In the interim, the Karfunkel family and AmTrust Chairman and Chief Executive Barry Zyskind, the company’s controlling shareholders, plan to meet with Mr. Icahn and other minority shareholders “to determine if there is a basis on upon which the proposed going-private transaction can be completed,” the company said in a statement Monday. Mr. Icahn said in a Monday filing with the Securities and Exchange Commission that he has agreed to meet with AmTrust to discuss the deal.

  • Barrons.com15 days ago

    Shareholders Back Icahn in Refusing AmTrust's Buyout Offer

    AmTrust Financial Services announced this morning that its outside shareholders had spurned a buyout offer by the insurer's controlling family. The defeat was exactly what investor Carl Icahn sought in a short, sharp proxy fight where he called the $13.50 cash offer inadequate. This morning's press release by the company said that a "preliminary assessment" of votes, ahead of a special meeting of shareholders originally set for today, had shown that the buyout had failed to get the support of a majority of the 45% shares not owned by the controlling Karfunkel and Zyskind families (and whose 55% shares weren't counted). "The Karfunkel-Zyskind Family has informed the [c]ompany that they will attempt to find a basis to complete the proposed going-private transaction," said AmTrust's release.

  • Barrons.com19 days ago

    Carl Icahn Sells $552 Million in Herbalife Stock

    Entities controlled by Carl Icahn sold $552 million in Herbalife Nutrition (HLF) shares back to the supplements company in its self-tender offer. Icahn sold more than 10.5 million Herbalife shares at the ...

  • Business Wire19 days ago

    The Law Offices of Vincent Wong Notifies Investors of an Investigation into AmTrust Financial Services, Inc. in Connection with the Sale of the Company to Affiliates of Evergreen Parent, LP – AFSI

    The Law Offices of Vincent Wong are investigating the Board of Directors of AmTrust Financial Services, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to affiliates of Evergreen Parent, LP.

  • Barrons.com20 days ago

    Carl Icahn Moves to Block an AmTrust Buyout

    Carl Icahn has waded into one of the insurance industry’s biggest messes in years. On Monday, the activist investor wants shareholders to vote against a buyout by the founding family of AmTrust Financial Services, a troubled firm that is one of America’s largest insurers of workplace injuries. The stock has fallen from $35 as accounting restatements and reserve charges have erased years of reported profits, as Barron’s first warned might happen (see “An Insurer’s Feat: Turning Losses Into Gains,” Feb. 8, 2014, and “Is AmTrust Stock Worth the Premium?” April 23, 2016).

  • Reuters21 days ago

    Arca Capital urges AmTrust shareholders to vote against go-private plan

    The Czech-based investment company, which holds a 2.4 percent stake in AmTrust, urged shareholders to vote against the deal, citing "absurdly low valuation" of $13.50 per share. The company also cited a report from proxy adviser Institutional Shareholder Services (ISS), published on May 25, which said the valuations implied by the merger are below where the insurer's peers currently trade. AmTrust did not immediately respond to a request for comment.

  • Bloomberg26 days ago

    Icahn Gets Split Shareholder Adviser Verdict on Push to Halt AmTrust Deal

    Two prominent shareholder advisory firms are divided on whether shareholders in AmTrust Financial Services Inc. should support Carl Icahn’s efforts to prevent the company from going private. Institutional Shareholder Services Inc. said investors should vote against the New York-based insurer’s plan to go private as it would be better off as a standalone company. ISS said the transaction, which values AmTrust at about $2.7 billion, isn’t comparable to where its peers trade and where AmTrust itself may trade over the long term.

  • Investor's Business Daily27 days ago

    Arca Capital to Work With Icahn to Oppose AmTrust Privatization Plan

    The Central Europe based investment firm plans to work with Carl Icahn and other minority shareholders to prevent a proposed privatization of AmTrust Financial Services Inc.  Arca Capital, one of the largest shareholders of AmTrust Financial Services, Inc. (NASDAQ: AFSI), plans to work with Carl Icahn and other minority shareholders in opposing the proposed privatization transaction. A recent disclosure from...

  • Carl Icahn Didn't Buy Some Shares on Time
    Bloomberg28 days ago

    Carl Icahn Didn't Buy Some Shares on Time

    AmTrust Financial Services Inc., an insurance company, announced in March that it would be taken private by its chief executive officer and his family, who are the company’s largest shareholders. Carl Icahn, who enjoys messing with companies, saw the announcement and decided that the takeover looked like a sweetheart deal for the controlling family. Specifically it announced on May 4 that the shareholder meeting to vote on the deal will be held on June 4, and that the record date for the meeting—the date on which you needed to own shares in order to vote at the meeting—was April 5.

  • The Volcker Rule Doesn’t Ban Trading
    Bloomberg29 days ago

    The Volcker Rule Doesn’t Ban Trading

    Also dumb beta, AmTrust and HomeStreet.

  • The Wall Street Journal29 days ago

    [$$] Icahn Sues AmTrust Over Deal to Go Private

    “The going-private transaction is an opportunistic attempt to take control of a company at historic lows, right before a period of expected recovery and possible earnings growth,” Icahn Capital LP said in a news release.

  • Carl Icahn files lawsuit against AmTrust, controlling family
    Reuters29 days ago

    Carl Icahn files lawsuit against AmTrust, controlling family

    The lawsuit filed in the Court of Delaware accuses Karfunkel-Zyskind family of engaging in a transaction which will transfer "huge amounts of value" belonging to the company’s public stockholders to the controlling family. Earlier on Monday Czech-based Arca Capital, which own 2.4 percent of total outstanding shares of AmTrust, said it plans to work with Carl Icahn and other minority shareholders in opposing the proposed privatization transaction. Icahn had disclosed a 9.38 percent stake in AmTrust on May 17.

  • Carl Icahn files lawsuit against AmTrust, controlling family
    Reuterslast month

    Carl Icahn files lawsuit against AmTrust, controlling family

    The lawsuit filed in the Court of Delaware accuses Karfunkel-Zyskind family of engaging in a transaction which will transfer "huge amounts of value" belonging to the company’s public stockholders to the controlling family. Earlier on Monday Czech-based Arca Capital, which own 2.4 percent of total outstanding shares of AmTrust, said it plans to work with Carl Icahn and other minority shareholders in opposing the proposed privatization transaction. Icahn had disclosed a 9.38 percent stake in AmTrust on May 17.

  • MarketWatchlast month

    Carl Icahn files suit against AmTrust and Zyskind/Karfunkel families over going-private deal

    Activist investor Carl Icahn said Monday he has filed a suit against insurer AmTrust Financial Services Inc. , Chief Executive Barry Zyskind and board members George Karfunkel and Leak Karfunkel, and said their plan to take the company private disadvantages the public shareholders. The deal "undervalues the company and is happening at the wrong price and at the wrong time," Icahn said in his complaint. "The deal price of $13.50 per share is less than half what AmTrust was trading for in early 2017."The company and the Zyskind/Karfunkel families have "manipulated the record date," which could tilt the deal in their favor, he said.

  • Icahn Sues AmTrust Directors Over Going-Private Transaction
    Bloomberglast month

    Icahn Sues AmTrust Directors Over Going-Private Transaction

    Billionaire investor Carl Icahn sued the directors of AmTrust Financial Services Inc., Chief Executive Officer Barry Zyskind and the family that controls the insurer to challenge a plan to take the insurer private, arguing it will shortchange investors. Icahn, who owns a 9.4 percent stake in Amtrust, says the going-private deal unfairly benefits the controlling Karfunkel family at the expense of public stockholders. Last week, Icahn wrote to AmTrust’s board to protest the deal struck in March by Stone Point Capital LLC, the Karfunkel family and Zyskind to buy the company.

  • The Wall Street Journallast month

    Stocks to Watch: PayPal, Square, CBS, Mattel, Apple, Spotify, Campbell Soup, Deere, Nordstrom, AmTrust

    Among the companies with shares expected to trade actively in Friday's session are PayPal, Square, CBS, Mattel, Apple and Spotify.

  • The Wall Street Journallast month

    [$$] Icahn Fights Attempt to Take AmTrust Private

    In a letter to AmTrust’s board Thursday, Mr. Icahn said the Karfunkel and Zyskind families, which control the New York company, are “blatantly taking advantage” of its minority shareholders. Mr. Icahn, who owns a 9.38% stake in AmTrust, said the company’s board should push back a shareholder vote on its $2.7 billion going-private deal. An AmTrust spokeswoman couldn’t immediately be reached for comment.

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