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Equities researchers at Keefe, Bruyette & Woods dropped their price target on shares of AMERISAFE (NASDAQ:AMSF) from $44.00 to $42.00 in a research report issued on Friday, AnalystRatings.Net reports. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 2.51% from the company’s current price.

Shares of AMERISAFE (NASDAQ:AMSF) traded up 0.59% during mid-day trading on Friday, hitting $40.97. The stock had a trading volume of 115,022 shares. AMERISAFE has a 52 week low of $31.66 and a 52 week high of $45.95. The stock has a 50-day moving average of $42.55 and a 200-day moving average of $41.48. The company has a market cap of $761.7 million and a price-to-earnings ratio of 17.56.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.63 by $0.07. Analysts expect that AMERISAFE will post $2.69 EPS for the current fiscal year.

In other AMERISAFE news, CEO C Allen Bradley, Jr. sold 4,321 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $41.40, for a total value of $178,889.40. Following the transaction, the chief executive officer now directly owns 100,290 shares in the company, valued at approximately $4,152,006. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of other analysts have also recently weighed in on AMSF. Analysts at Zacks reiterated an “outperform” rating on shares of AMERISAFE in a research note on Friday. They now have a $49.00 price target on the stock.

AMERISAFE, Inc (NASDAQ:AMSF) is an insurance holding company.

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