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Amerisafe (NASDAQ:AMSF) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Friday. They currently have a $36.00 target price on the stock. Zacks‘s target price points to a potential downside of 9.43% from the company’s current price.

Shares of Amerisafe (NASDAQ:AMSF) traded up 0.11% on Friday, hitting $39.795. 42,939 shares of the company’s stock traded hands. Amerisafe has a 52-week low of $32.12 and a 52-week high of $45.95. The stock has a 50-day moving average of $38.26 and a 200-day moving average of $40.95. The company has a market cap of $737.4 million and a price-to-earnings ratio of 16.50.

Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings data 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 $2.56 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Sidoti upgraded shares of Amerisafe from a “neutral” rating to a “buy” rating in a research note on Monday. 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. One equities research analyst has rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $44.00.

In other Amerisafe news, CEO C Allen Bradley, Jr. sold 4,396 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $37.98, for a total transaction of $166,960.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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