AMERISAFE, Inc. (NASDAQ:AMSF) – Equities researchers at B. Riley lifted their FY2018 earnings per share estimates for shares of AMERISAFE in a research note issued to investors on Thursday. B. Riley analyst R. Binner now anticipates that the insurance provider will post earnings per share of $3.60 for the year, up from their previous estimate of $3.20. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for AMERISAFE’s FY2019 earnings at $3.55 EPS.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share (EPS) 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 company had revenue of $92.90 million for the quarter, compared to analysts’ expectations of $92.04 million. During the same quarter in the prior year, the company earned $0.93 earnings per share. The firm’s revenue was down 5.4% on a year-over-year basis.

AMSF has been the topic of several other reports. Boenning Scattergood began coverage on shares of AMERISAFE in a research report on Monday, September 25th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of AMERISAFE from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. FBR & Co reiterated a “buy” rating on shares of AMERISAFE in a research report on Wednesday, October 25th. Finally, SunTrust Banks reiterated a “buy” rating and set a $69.00 price objective on shares of AMERISAFE in a research report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. AMERISAFE currently has an average rating of “Buy” and an average target price of $66.00.

AMERISAFE (NASDAQ:AMSF) traded up $0.25 during midday trading on Monday, reaching $61.40. 101,000 shares of the company’s stock traded hands, compared to its average volume of 98,725. AMERISAFE has a 12-month low of $51.20 and a 12-month high of $69.40. The stock has a market cap of $1,181.58, a PE ratio of 18.27 and a beta of 0.88.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Wednesday, December 13th. AMERISAFE’s dividend payout ratio is currently 23.81%.

In other news, CEO G. Janelle Frost sold 1,728 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $66.74, for a total transaction of $115,326.72. Following the transaction, the chief executive officer now directly owns 54,322 shares in the company, valued at approximately $3,625,450.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. raised its position 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 valued at $144,000 after buying an additional 26 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in AMERISAFE by 0.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,315 shares of the insurance provider’s stock valued at $644,000 after acquiring an additional 100 shares during the period. Suntrust Banks Inc. increased its stake in AMERISAFE by 5.3% in the second quarter. Suntrust Banks Inc. now owns 4,450 shares of the insurance provider’s stock valued at $252,000 after acquiring an additional 225 shares during the period. Parametric Portfolio Associates LLC increased its stake in AMERISAFE by 1.6% in the second quarter. Parametric Portfolio Associates LLC now owns 23,439 shares of the insurance provider’s stock valued at $1,335,000 after acquiring an additional 374 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in AMERISAFE by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,946 shares of the insurance provider’s stock valued at $851,000 after acquiring an additional 552 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for AMERISAFE (NASDAQ:AMSF)

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