B. Riley Weighs in on AMERISAFE, Inc.’s Q4 2017 Earnings (AMSF)
AMERISAFE, Inc. (NASDAQ:AMSF) – B. Riley issued their Q4 2017 EPS estimates for shares of AMERISAFE in a report issued on Monday. B. Riley analyst R. Binner anticipates that the insurance provider will post earnings per share of $0.91 for the quarter. B. Riley currently has a “Buy” rating on the stock.
Other research analysts have also issued reports about the company. Zacks Investment Research upgraded 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. SunTrust Banks reiterated a “buy” rating and set a $69.00 price target on shares of AMERISAFE in a report on Friday, October 27th. Boenning Scattergood reiterated a “hold” rating on shares of AMERISAFE in a report on Thursday, October 26th. Finally, FBR & Co reiterated a “buy” rating on shares of AMERISAFE in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.00.
AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The firm had revenue of $92.90 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.21%. AMERISAFE’s dividend payout ratio (DPR) is presently 23.81%.
In related news, CEO G. Janelle Frost sold 1,728 shares of the company’s 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 transaction, the chief executive officer now directly owns 54,322 shares in the company, valued at $3,625,450.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Neal Andrew Fuller sold 1,850 shares of the company’s 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 transaction, the chief financial officer now 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 owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Flinton Capital Management LLC raised its stake in shares of AMERISAFE by 53.7% in the second quarter. Flinton Capital Management LLC now owns 2,142 shares of the insurance provider’s stock valued at $122,000 after purchasing an additional 748 shares in the last quarter. Pinebridge Investments L.P. raised its stake in shares of AMERISAFE by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock valued at $144,000 after purchasing an additional 26 shares in the last quarter. US Bancorp DE raised its stake in shares of AMERISAFE by 1.2% in the second quarter. US Bancorp DE now owns 2,540 shares of the insurance provider’s stock valued at $145,000 after purchasing an additional 30 shares in the last quarter. Wolverine Trading LLC acquired a new position in shares of AMERISAFE in the third quarter valued at $206,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of AMERISAFE in the third quarter valued at $227,000. Institutional investors and hedge funds own 99.53% of the company’s stock.
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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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