AMERISAFE, Inc. (NASDAQ:AMSF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Shares of Amerisafe have underperformed its industry in the last three months. The company’s efficient claims management, good underwriting results, favorable loss and frequency trends, prudent reserve analytics, and improved operating leverage impress. Cost control measures will provide a cushion to operating margins at a time when top-line growth is difficult to achieve. Moreover, Amerisafe has maintained a niche position in the workers' compensation market. Top line is suffering from past more than a year led by loss of three large accounts recently. The company is also witnessing a decline in premium collections, increase in losses paid and underwriting expenses, which has further pressurized cash flow. “

Separately, BidaskClub downgraded shares of AMERISAFE from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.

Shares of AMERISAFE (NASDAQ:AMSF) traded up 3.18% during midday trading on Friday, hitting $58.35. 173,168 shares of the company’s stock traded hands. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 17.01 and a beta of 0.89. The company has a 50 day moving average price of $55.64 and a 200 day moving average price of $57.93. AMERISAFE has a 1-year low of $51.20 and a 1-year high of $69.40.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The firm had revenue of $89.93 million for the quarter, compared to analyst estimates of $92.33 million. AMERISAFE had a net margin of 17.17% and a return on equity of 14.04%. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. Equities analysts anticipate that AMERISAFE will post $3.18 earnings per share for the current year.

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In other AMERISAFE news, Director Randy Roach sold 500 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $56.90, for a total value of $28,450.00. Following the completion of the transaction, the director now directly owns 8,399 shares of the company’s stock, valued at $477,903.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pinebridge Investments L.P. raised its stake in shares of AMERISAFE by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock worth $144,000 after buying an additional 26 shares during the last quarter. US Bancorp DE raised its stake in shares of AMERISAFE by 1.2% during the second quarter. US Bancorp DE now owns 2,540 shares of the insurance provider’s stock worth $145,000 after buying an additional 30 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of AMERISAFE by 1.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,640 shares of the insurance provider’s stock worth $301,000 after buying an additional 59 shares during the last quarter. Aperio Group LLC raised its stake in shares of AMERISAFE by 1.2% during the second quarter. Aperio Group LLC now owns 6,727 shares of the insurance provider’s stock worth $383,000 after buying an additional 83 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of AMERISAFE by 0.3% during the first quarter. Legal & General Group Plc now owns 31,819 shares of the insurance provider’s stock worth $2,064,000 after buying an additional 93 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

AMERISAFE Company Profile

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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