AmTrust Financial (AFSI) Declares $0.17 Quarterly Dividend; 5.5% Yield
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Call Buying Activity in AmTrust Financial (AFSI) Highlights Investors Targeting Rebound in Shares by Mid-December Following 3Q Earnings Disappointment -Susquehanna
November 9, 2017 2:27 PM ESTSusquehanna options strategist Alison Edwards notes call buying activity in AmTrust Financial (NASDAQ: AFSI), as an investor purchased 4,000 Dec 12.5 Calls, seeking exposure to a rebound >$12.50 by mid-Dec.
... MoreAmTrust Financial (AFSI) Misses Q3 EPS by 16c
November 8, 2017 4:31 PM ESTAmTrust Financial (NASDAQ: AFSI) reported Q3 EPS of ($0.04), $0.16 worse than the analyst estimate of $0.12.
Gross written premium of $1.99 billion and net earned premium of $1.19 billion, down 2.1% and 0.3%, respectivelyNet loss attributable to common stockholders of $174.7 million, or $(0.89) per diluted share, compared to net income of $80.7 million, or $0.47 per diluted shareNet loss includes $326.9 million of losses ceded to our adverse development cover, partially offset by $186.8 million gain on sale of policy management system to National General Holdings... MoreAmTrust Financial (AFSI), Madison Dearborn Partners Enter Into Strategic Transaction for Portion of AmTrust's U.S. Fee Businesses with Total Enterprise Value of $1.15B
November 6, 2017 5:02 PM ESTAmTrust Financial Services, Inc. (Nasdaq: AFSI) and Madison Dearborn Partners (MDP), a private equity firm with significant insurance services expertise, today announced a definitive agreement under which AmTrust will transfer a 51% equity interest in certain of its U.S.-based fee businesses to MDP. The transaction values the business at $1.15 billion, plus up to an additional $50 million upon exit, subject to agreed thresholds.
Through a combination of MDPs equity investment of approximately $210 million and debt borrowings by the new business, AmTrust will receive gross cash proceeds of approximately $950 million at closing,... More
