AMERISAFE EVP Sells $58,740 in Stock (AMSF)
AMERISAFE (NASDAQ:AMSF) EVP Vincent Gagliano unloaded 1,780 shares of AMERISAFE stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $33.00, for a total value of $58,740.00. Following the transaction, the executive vice president now directly owns 26,842 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
AMSF has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of AMERISAFE (NASDAQ:AMSF) in a research note to investors on Monday, August 5th. They now have a $36.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of AMERISAFE (NASDAQ:AMSF) from $32.00 to $38.00 in a research note to investors on Thursday, July 18th. They now have a “market perform” rating on the stock.
Five equities research analysts have rated the stock with a hold rating, AMERISAFE currently has a consensus rating of “Hold” and a consensus target price of $35.33.
AMERISAFE (NASDAQ:AMSF) traded up 1.92% during mid-day trading on Wednesday, hitting $35.01. 29,004 shares of the company’s stock traded hands. AMERISAFE has a one year low of $22.00 and a one year high of $38.86. The stock’s 50-day moving average is $33.67 and its 200-day moving average is $34.18. The company has a market cap of $642.5 million and a price-to-earnings ratio of 19.52.
AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Wednesday, July 31st. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.10. The company had revenue of $87.51 million for the quarter, compared to the consensus estimate of $89.86 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 25.5% on a year-over-year basis. Analysts expect that AMERISAFE will post $1.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Wednesday, September 11th.
AMERISAFE, Inc (NASDAQ:AMSF) is an insurance holding company.
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