AMERISAFE, Inc. (AMSF) Given Average Recommendation of “Buy” by Analysts
Shares of AMERISAFE, Inc. (NASDAQ:AMSF) have earned a consensus rating of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $67.00.
AMSF has been the subject of a number of research reports. Zacks Investment Research upgraded AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Friday, September 1st. FBR & Co reiterated a “buy” rating on shares of AMERISAFE in a report on Wednesday, October 25th. Boenning Scattergood initiated coverage on AMERISAFE in a report on Monday, September 25th. They issued a “neutral” rating for the company. B. Riley reiterated a “buy” rating on shares of AMERISAFE in a report on Monday, November 6th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $69.00 price objective on shares of AMERISAFE in a report on Friday, October 27th.
In other 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 value of $105,339.00. Following the sale, the chief financial officer now directly owns 23,210 shares of the company’s stock, valued at $1,321,577.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO G. Janelle Frost sold 1,728 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $66.74, for a total value of $115,326.72. Following the completion of the sale, the chief executive officer now directly owns 54,322 shares in the company, valued at $3,625,450.28. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
AMERISAFE (AMSF) opened at $65.95 on Friday. The company has a market capitalization of $1,270.00, a P/E ratio of 19.08 and a beta of 0.87. AMERISAFE has a twelve month low of $51.20 and a twelve month high of $69.40.
AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The company 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 firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. equities analysts forecast that AMERISAFE will post 3.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. AMERISAFE’s dividend payout ratio (DPR) is 23.81%.
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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