Amerisafe CEO Sells $164,530 in Stock (AMSF)
Amerisafe (NASDAQ:AMSF) CEO C Allen Bradley, Jr. sold 4,411 shares of Amerisafe stock on the open market in a transaction dated Thursday, August 7th. The stock was sold at an average price of $37.30, for a total value of $164,530.30. Following the completion of the sale, the chief executive officer now directly owns 122,101 shares of the company’s stock, valued at approximately $4,554,367. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Amerisafe in a research note on Friday. They now have a $39.00 price target on the stock. Finally, analysts at Sidoti upgraded shares of Amerisafe from a “neutral” rating to a “buy” rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $44.75.
Shares of Amerisafe (NASDAQ:AMSF) traded up 1.05% during mid-day trading on Friday, hitting $37.62. 88,894 shares of the company’s stock traded hands. Amerisafe has a one year low of $32.42 and a one year high of $45.95. The stock’s 50-day moving average is $39.05 and its 200-day moving average is $40.42. The company has a market cap of $699.7 million and a price-to-earnings ratio of 13.95.
Amerisafe (NASDAQ:AMSF) last released its earnings data on Wednesday, July 30th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.06. The company had revenue of $93.50 million for the quarter, compared to the consensus estimate of $99.20 million. During the same quarter last year, the company posted $0.41 earnings per share. Amerisafe’s revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that Amerisafe will post $2.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Wednesday, September 10th.
AMERISAFE, Inc (NASDAQ:AMSF) is an insurance holding company.
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