AMERISAFE, Inc. to Issue Quarterly Dividend of $0.20 (NASDAQ:AMSF)
AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Friday, July 28th, Wall Street Journal reports. Investors of record on Friday, September 8th will be paid a dividend of 0.20 per share by the insurance provider on Friday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, September 7th.
Shares of AMERISAFE (AMSF) traded up 2.25% on Friday, reaching $59.05. 74,796 shares of the company’s stock were exchanged. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 16.96 and a beta of 0.87. The company’s 50 day moving average is $56.17 and its 200-day moving average is $60.03. AMERISAFE has a one year low of $51.20 and a one year high of $69.40.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. AMERISAFE had a return on equity of 14.05% and a net margin of 17.13%. The company had revenue of $89.93 million during the quarter, compared to the consensus estimate of $92.33 million. During the same period last year, the company earned $0.85 earnings per share. AMERISAFE’s revenue was down 7.8% on a year-over-year basis. On average, analysts anticipate that AMERISAFE will post $3.15 EPS for the current year.
In other AMERISAFE news, Director Philip A. Garcia bought 1,554 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average cost of $51.54 per share, for a total transaction of $80,093.16. Following the completion of the transaction, the director now owns 9,558 shares in the company, valued at $492,619.32. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Millard E. Morris bought 2,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were acquired at an average price of $52.15 per share, with a total value of $104,300.00. Following the completion of the transaction, the director now owns 10,336 shares of the company’s stock, valued at approximately $539,022.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 6,054 shares of company stock valued at $311,443. Corporate insiders own 2.20% of the company’s stock.
AMSF has been the subject of several research analyst reports. FBR & Co reiterated an “outperform” rating and set a $64.00 target price (down from $71.00) on shares of AMERISAFE in a research report on Wednesday, May 10th. BidaskClub upgraded AMERISAFE from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, Zacks Investment Research downgraded AMERISAFE from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 2nd.
Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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