SunTrust Banks Weighs in on AMERISAFE, Inc.’s Q4 2017 Earnings (AMSF)
AMERISAFE, Inc. (NASDAQ:AMSF) – Equities researchers at SunTrust Banks upped their Q4 2017 earnings estimates for shares of AMERISAFE in a report issued on Thursday. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will post earnings per share of $0.77 for the quarter, up from their previous estimate of $0.71. SunTrust Banks has a “Buy” rating and a $69.00 price target on the stock. SunTrust Banks also issued estimates for AMERISAFE’s Q4 2018 earnings at $0.76 EPS.
AMSF has been the topic of several other research reports. Boenning Scattergood began coverage on AMERISAFE in a research note on Monday, September 25th. They issued a “neutral” rating on the stock. Zacks Investment Research raised AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Friday, September 1st. FBR & Co reaffirmed a “buy” rating on shares of AMERISAFE in a research note on Wednesday, October 25th. Finally, BidaskClub downgraded AMERISAFE from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $66.00.
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Shares of AMERISAFE (NASDAQ:AMSF) opened at 64.15 on Monday. The company has a market capitalization of $1.23 billion, a PE ratio of 18.70 and a beta of 0.88. The stock’s 50 day moving average price is $58.48 and its 200 day moving average price is $56.81. AMERISAFE has a 12 month low of $51.20 and a 12 month high of $69.40.
AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. AMERISAFE had a return on equity of 13.92% and a net margin of 17.07%. The firm had revenue of $92.90 million for the quarter, compared to analysts’ expectations of $92.04 million. During the same period in the prior year, the business posted $0.93 earnings per share. The company’s revenue was down 5.4% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, December 13th. AMERISAFE’s dividend payout ratio (DPR) is currently 23.81%.
In related news, CFO Neal Andrew Fuller sold 1,850 shares of AMERISAFE stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $56.94, for a total transaction of $105,339.00. Following the sale, the chief financial officer now owns 23,210 shares of the company’s stock, valued at approximately $1,321,577.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Randy Roach sold 500 shares of AMERISAFE stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $56.90, for a total value of $28,450.00. Following the sale, the director now directly owns 8,399 shares in the company, valued at approximately $477,903.10. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of AMSF. UBS Asset Management Americas Inc. bought a new stake in AMERISAFE during the 1st quarter valued at approximately $268,000. Parametric Portfolio Associates LLC raised its stake in AMERISAFE by 10.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 23,065 shares of the insurance provider’s stock valued at $1,497,000 after purchasing an additional 2,149 shares during the period. OppenheimerFunds Inc. raised its stake in AMERISAFE by 18.1% during the 1st quarter. OppenheimerFunds Inc. now owns 4,792 shares of the insurance provider’s stock valued at $311,000 after purchasing an additional 736 shares during the period. Principal Financial Group Inc. raised its stake in AMERISAFE by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 162,215 shares of the insurance provider’s stock valued at $10,527,000 after purchasing an additional 4,444 shares during the period. Finally, Teachers Advisors LLC raised its stake in AMERISAFE by 2.5% during the 1st quarter. Teachers Advisors LLC now owns 31,823 shares of the insurance provider’s stock valued at $2,065,000 after purchasing an additional 788 shares during the period. 99.63% of the stock is currently 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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