Amwest Insurance to Buy Back $1 Million in Stock
Amwest Insurance Group says it plans to repurchase up to $1 million of its common stock in periodic open-market purchases through June 30.
The Woodland Hills-based underwriter of bail bonds and other surety bonds has 2.45 million common shares outstanding.
At Amwest’s recent trading price, its $1-million buyback would purchase about 75,000 shares, or 3% of the total outstanding.
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