Amtrust Financial Services, Inc. (NASDAQ:AFSI)’s President of Subsidiary G Max Caviet used some stock options on August 25th. to acquire 15,123 shares of Common Stock, for a total value of $150,080. Subsequently, he sold on an open market transaction 6,477 company holdings at a price of $44,10 each, and for a total value of $285,609. Following the filling, he directly owns a total of 163,096 shares of this multinational specialty property and casualty insurer focused on generating consistent underwriting profits.
This is not the first time that G Max CAviet sells some of the Amtrust Financial Services, Inc. (NASDAQ:AFSI)’s shares he owns. Throughout this year he has made similar transactions each month starting in April. Since then he has sold 33,072 company holdings at a weighted average price of $42,04 each.
However, big hedge funds such as Mathew Iorio’s White Elm Capital fund –which owns 49.9 million shares- and Michael Thompson’s Bhr Capital fund –owner of near 1.6 million shares- have decided to increase their exposure to $3.41 billion market cap Amtrust Financial Services, Inc. (NASDAQ:AFSI). They have done so by over 150% and 40%, respectively.
Disclosure: Pamela Gaviño holds no position in any stocks or funds mentioned.