Insider Selling: C Allen Bradley Jr Sells 3,849 Shares of AMERISAFE Stock (AMSF)
AMERISAFE (NASDAQ:AMSF) CEO C Allen Bradley, Jr. unloaded 3,849 shares of AMERISAFE stock on the open market in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $40.57, for a total value of $156,153.93. Following the completion of the transaction, the chief executive officer now directly owns 101,993 shares of the company’s stock, valued at approximately $4,137,856. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
AMSF has been the subject of a number of recent research reports. Analysts at FBR Capital Markets upgraded shares of AMERISAFE from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, December 17th. They now have a $50.00 price target on the stock, up previously from $38.00. Separately, analysts at Zacks upgraded shares of AMERISAFE from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, November 18th. They now have a $48.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of AMERISAFE from $35.00 to $39.00 in a research note to investors on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.67.
Shares of AMERISAFE (NASDAQ:AMSF) traded up 0.87% on Thursday, hitting $40.80. The stock had a trading volume of 48,387 shares. AMERISAFE has a one year low of $27.62 and a one year high of $44.50. The stock has a 50-day moving average of $42.00 and a 200-day moving average of $37.37. The company has a market cap of $750.5 million and a P/E ratio of 21.38.
AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Thursday, October 31st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. During the same quarter in the previous year, the company posted $0.35 earnings per share. Analysts expect that AMERISAFE will post $2.02 EPS for the current fiscal year.
AMERISAFE, Inc (NASDAQ:AMSF) is an insurance holding company.
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