B. Riley Comments on AMERISAFE, Inc.’s FY2018 Earnings (AMSF)
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.
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.
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