ValuEngine lowered shares of Amerisafe (NASDAQ:AMSF) from a buy rating to a hold rating in a research note released on Wednesday.
Several other equities research analysts have also recently issued reports on the company. BidaskClub cut Amerisafe from a hold rating to a sell rating in a research note on Thursday, March 14th. Zacks Investment Research cut Amerisafe from a buy rating to a hold rating in a research note on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Amerisafe has a consensus rating of Hold and an average target price of $66.33.
Shares of AMSF stock opened at $58.27 on Wednesday. The company has a market capitalization of $1.15 billion, a P/E ratio of 15.41 and a beta of 0.53. Amerisafe has a 1 year low of $50.46 and a 1 year high of $67.96.
Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, February 27th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.20. Amerisafe had a return on equity of 17.07% and a net margin of 18.96%. On average, research analysts predict that Amerisafe will post 3.1 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.25 dividend. This is a boost from Amerisafe’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, March 7th. Amerisafe’s payout ratio is 25.91%.
In other Amerisafe news, EVP Kathryn Housh Shirley sold 1,284 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $61.53, for a total transaction of $79,004.52. Following the completion of the transaction, the executive vice president now directly owns 10,569 shares in the company, valued at $650,310.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO G. Janelle Frost sold 1,691 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $61.50, for a total transaction of $103,996.50. Following the transaction, the chief executive officer now owns 57,912 shares of the company’s stock, valued at $3,561,588. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,553 shares of company stock valued at $218,698. 1.80% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in AMSF. Tygh Capital Management Inc. acquired a new position in Amerisafe during the fourth quarter valued at approximately $10,513,000. Teachers Advisors LLC raised its position in Amerisafe by 387.2% during the third quarter. Teachers Advisors LLC now owns 179,962 shares of the insurance provider’s stock valued at $11,149,000 after purchasing an additional 143,027 shares in the last quarter. Eaton Vance Management acquired a new position in Amerisafe during the fourth quarter valued at approximately $6,184,000. Walthausen & Co. LLC acquired a new position in Amerisafe during the third quarter valued at approximately $6,575,000. Finally, Morgan Stanley raised its position in Amerisafe by 117.2% during the third quarter. Morgan Stanley now owns 138,608 shares of the insurance provider’s stock valued at $8,587,000 after purchasing an additional 74,804 shares in the last quarter.
Amerisafe Company Profile
AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.
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