Insider Selling: Amerisafe CEO Sells 4,391 Shares of Stock (AMSF)
Amerisafe (NASDAQ:AMSF) CEO C Allen Bradley, Jr. sold 4,391 shares of Amerisafe stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $38.13, for a total transaction of $167,428.83. Following the completion of the transaction, the chief executive officer now directly owns 109,620 shares of the company’s stock, valued at approximately $4,179,811. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Amerisafe (NASDAQ:AMSF) traded down 0.08% on Friday, hitting $37.86. The stock had a trading volume of 47,182 shares. Amerisafe has a 1-year low of $31.66 and a 1-year high of $45.95. The stock’s 50-day moving average is $39.54 and its 200-day moving average is $41.39. The company has a market cap of $701.6 million and a P/E ratio of 15.73.
Amerisafe (NASDAQ:AMSF) last announced its earnings results on Wednesday, April 30th. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.07. Analysts expect that Amerisafe will post $2.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 26th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, June 10th.
AMSF has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Amerisafe from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 21st. They now have a $39.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Amerisafe from $44.00 to $42.00 in a research note on Friday, May 2nd.
AMERISAFE, Inc (NASDAQ:AMSF) is an insurance holding company.
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