A number of other brokerages have also weighed in on AMSF. B. Riley set a $70.00 price target on shares of Amerisafe and gave the company a buy rating in a research note on Wednesday, July 31st. Boenning Scattergood reaffirmed a hold rating on shares of Amerisafe in a research note on Thursday, May 2nd. Finally, ValuEngine lowered shares of Amerisafe from a buy rating to a hold rating in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $73.00.
NASDAQ:AMSF opened at $66.03 on Thursday. Amerisafe has a 52 week low of $50.46 and a 52 week high of $67.96. The firm has a market cap of $1.28 billion, a PE ratio of 17.11 and a beta of 0.48. The company’s 50-day simple moving average is $64.65.
Amerisafe (NASDAQ:AMSF) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.13. Amerisafe had a return on equity of 17.23% and a net margin of 20.20%. The firm had revenue of $91.19 million for the quarter, compared to analysts’ expectations of $92.22 million. Equities research analysts anticipate that Amerisafe will post 3.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 5th. Amerisafe’s dividend payout ratio is presently 25.91%.
In related news, EVP Vincent J. Gagliano sold 654 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $60.04, for a total value of $39,266.16. Following the transaction, the executive vice president now directly owns 17,492 shares of the company’s stock, valued at approximately $1,050,219.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Neal Andrew Fuller sold 885 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $59.68, for a total transaction of $52,816.80. Following the completion of the transaction, the chief financial officer now directly owns 22,110 shares in the company, valued at $1,319,524.80. The disclosure for this sale can be found here. Insiders sold a total of 4,125 shares of company stock worth $246,441 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMSF. Ceredex Value Advisors LLC purchased a new position in Amerisafe in the 1st quarter worth approximately $11,696,000. Robeco Institutional Asset Management B.V. lifted its stake in Amerisafe by 2,030.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 103,665 shares of the insurance provider’s stock worth $6,158,000 after purchasing an additional 98,799 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Amerisafe by 128.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 160,297 shares of the insurance provider’s stock worth $9,991,000 after purchasing an additional 89,978 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Amerisafe in the 1st quarter worth approximately $3,698,000. Finally, First Trust Advisors LP lifted its stake in Amerisafe by 648.5% in the 1st quarter. First Trust Advisors LP now owns 56,201 shares of the insurance provider’s stock worth $3,338,000 after purchasing an additional 48,693 shares in the last quarter.
Amerisafe Company Profile
AMERISAFE, Inc, an insurance holding company, underwrites 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 provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.
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