Amerisafe CEO Unloads $164,157 in Stock (AMSF)
Amerisafe (NASDAQ:AMSF) CEO C Allen Bradley, Jr. sold 4,414 shares of the stock on the open market in a transaction dated Thursday, August 21st. The shares were sold at an average price of $37.19, for a total transaction of $164,156.66. Following the completion of the transaction, the chief executive officer now directly owns 125,187 shares of the company’s stock, valued at approximately $4,655,705. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Amerisafe (NASDAQ:AMSF) traded up 0.40% on Thursday, hitting $37.48. 44,112 shares of the company’s stock traded hands. Amerisafe has a 52 week low of $32.42 and a 52 week high of $45.95. The stock has a 50-day moving average of $38.39 and a 200-day moving average of $40.11. The company has a market cap of $697.1 million and a price-to-earnings ratio of 13.99.
Amerisafe (NASDAQ:AMSF) last announced its earnings results 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 in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. 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. Investors 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 1.29%. The ex-dividend date is Wednesday, September 10th.
A number of analysts have recently weighed in on AMSF shares. Analysts at Zacks reiterated a “neutral” rating on shares of Amerisafe in a research note on Friday, August 8th. 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 equities research analyst has rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $44.75.
AMERISAFE, Inc (NASDAQ:AMSF) is an insurance holding company.
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