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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of AMERISAFE by 0.9% in the second quarter. BlackRock Inc. now owns 2,275,948 shares of the insurance provider’s stock worth $129,615,000 after acquiring an additional 21,196 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of AMERISAFE by 7.6% in the third quarter. Neuberger Berman Group LLC now owns 1,312,660 shares of the insurance provider’s stock worth $76,397,000 after acquiring an additional 92,819 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of AMERISAFE by 6.7% in the first quarter. Vanguard Group Inc. now owns 1,009,198 shares of the insurance provider’s stock worth $65,497,000 after acquiring an additional 63,165 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of AMERISAFE by 13.1% in the second quarter. Goldman Sachs Group Inc. now owns 559,157 shares of the insurance provider’s stock worth $31,844,000 after acquiring an additional 64,955 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in shares of AMERISAFE by 64.8% in the second quarter. TimesSquare Capital Management LLC now owns 545,380 shares of the insurance provider’s stock worth $31,059,000 after acquiring an additional 214,400 shares during the last quarter. 99.47% of the stock is currently owned by hedge funds and other institutional investors.

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%.

TRADEMARK VIOLATION WARNING: “AMERISAFE, Inc. (AMSF) Given Average Recommendation of “Buy” by Analysts” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/03/amerisafe-inc-amsf-given-average-recommendation-of-buy-by-analysts.html.

About AMERISAFE

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.

Receive News & Ratings for AMERISAFE Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERISAFE Inc. and related companies with MarketBeat.com's FREE daily email newsletter.