Brokers Issue Forecasts for AMERISAFE, Inc.’s FY2019 Earnings (AMSF)
AMERISAFE, Inc. (NASDAQ:AMSF) – Analysts at FBR & Co issued their FY2019 earnings estimates for AMERISAFE in a report issued on Tuesday. FBR & Co analyst R. Binner expects that the insurance provider will earn $3.05 per share for the year.
AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. The company had revenue of $89.93 million during the quarter, compared to analyst estimates of $92.33 million. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s quarterly revenue was down 7.8% on a year-over-year basis.
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Other equities research analysts have also recently issued reports about the company. BidaskClub raised AMERISAFE from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research raised AMERISAFE from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Monday, September 18th. Finally, Boenning Scattergood started coverage on AMERISAFE in a report on Monday, September 25th. They set a “neutral” rating for the company.
Shares of AMERISAFE (AMSF) traded up 0.33% on Wednesday, reaching $60.00. The company’s stock had a trading volume of 34,583 shares. The stock has a 50-day moving average of $56.18 and a 200 day moving average of $56.98. AMERISAFE has a 52 week low of $51.20 and a 52 week high of $69.40. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 17.49 and a beta of 0.88.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.34%. AMERISAFE’s dividend payout ratio (DPR) is currently 23.32%.
In other news, Director Randy Roach sold 500 shares of AMERISAFE stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $56.90, for a total value of $28,450.00. Following the completion of the sale, the director now directly owns 8,399 shares of the company’s stock, valued at approximately $477,903.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Neal Andrew Fuller sold 1,850 shares of AMERISAFE stock in a transaction on Monday, September 18th. The shares were sold at an average price of $56.94, for a total value of $105,339.00. Following the completion of the sale, the chief financial officer now directly owns 23,210 shares of the company’s stock, valued at $1,321,577.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of AMERISAFE in the 2nd quarter valued at $237,000. Dean Capital Management increased its stake in shares of AMERISAFE by 39.8% in the 2nd quarter. Dean Capital Management now owns 48,467 shares of the insurance provider’s stock valued at $2,761,000 after buying an additional 13,805 shares during the period. Sterling Capital Management LLC increased its stake in shares of AMERISAFE by 62.2% in the 2nd quarter. Sterling Capital Management LLC now owns 27,439 shares of the insurance provider’s stock valued at $1,563,000 after buying an additional 10,518 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of AMERISAFE by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,946 shares of the insurance provider’s stock valued at $851,000 after buying an additional 552 shares during the period. Finally, State Street Corp increased its stake in shares of AMERISAFE by 1.8% in the 2nd quarter. State Street Corp now owns 487,661 shares of the insurance provider’s stock valued at $27,771,000 after buying an additional 8,645 shares during the period. 99.51% of the stock is owned by institutional investors.
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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