Zacks: AMERISAFE, Inc. (AMSF) Given $66.50 Consensus Target Price by Analysts
AMERISAFE, Inc. (NASDAQ:AMSF) has earned a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. AMERISAFE’s rating score has declined by 67% from 90 days ago as a result of various analysts’ ratings changes.
Analysts have set a 12 month consensus target price of $66.50 for the company and are expecting that the company will post $0.83 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AMERISAFE an industry rank of 21 out of 265 based on the ratings given to related companies.
Several equities research analysts have recently weighed in on AMSF shares. SunTrust Banks, Inc. reissued a “buy” rating and issued a $69.00 price objective on shares of AMERISAFE in a report on Friday, October 27th. Boenning Scattergood reissued a “hold” rating on shares of AMERISAFE in a report on Thursday, October 26th. BidaskClub downgraded AMERISAFE from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. FBR & Co reissued a “buy” rating on shares of AMERISAFE in a report on Wednesday, October 25th. Finally, Zacks Investment Research raised AMERISAFE from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Monday, September 18th.
AMERISAFE (NASDAQ AMSF) traded up $1.40 during mid-day trading on Friday, hitting $66.00. The stock had a trading volume of 111,448 shares, compared to its average volume of 74,939. The firm has a market capitalization of $1,270.10, a price-to-earnings ratio of 19.19 and a beta of 0.89.
AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings data 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. The business had revenue of $92.90 million during the quarter, compared to the consensus estimate of $92.04 million. AMERISAFE had a return on equity of 13.92% and a net margin of 17.07%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. equities analysts expect that AMERISAFE will post 3.2 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, December 13th. AMERISAFE’s dividend payout ratio is presently 23.81%.
In related news, CFO Neal Andrew Fuller sold 1,850 shares of the stock in a transaction 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Randy Roach sold 500 shares of the 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 sale, the director now directly owns 8,399 shares of the company’s stock, valued at $477,903.10. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Flinton Capital Management LLC lifted its holdings in shares of AMERISAFE by 53.7% during the second quarter. Flinton Capital Management LLC now owns 2,142 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 748 shares during the period. Pinebridge Investments L.P. lifted its holdings 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 purchasing an additional 26 shares during the period. US Bancorp DE lifted its holdings 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 purchasing an additional 30 shares during the period. Citadel Advisors LLC acquired a new stake in shares of AMERISAFE during the first quarter worth $208,000. Finally, State of Alaska Department of Revenue lifted its holdings in AMERISAFE by 79.2% in the second quarter. State of Alaska Department of Revenue now owns 3,799 shares of the insurance provider’s stock valued at $216,000 after acquiring an additional 1,679 shares during the period. 99.63% of the stock is owned by hedge funds and other institutional investors.
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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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