AMERISAFE, Inc. (NASDAQ:AMSF) – Investment analysts at SunTrust Banks issued their Q1 2019 EPS estimates for AMERISAFE in a note issued to investors on Thursday. SunTrust Banks analyst M. Hughes expects that the insurance provider will earn $0.84 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $69.00 target price on the stock. SunTrust Banks also issued estimates for AMERISAFE’s Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.88 EPS, Q4 2019 earnings at $0.88 EPS and FY2019 earnings at $3.45 EPS.
AMSF has been the topic of several other reports. BidaskClub downgraded shares of AMERISAFE from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. B. Riley restated a “buy” rating on shares of AMERISAFE in a research report on Monday, November 6th. Boenning Scattergood restated a “hold” rating on shares of AMERISAFE in a research report on Thursday, October 26th. Finally, FBR & Co restated a “buy” rating on shares of AMERISAFE in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. AMERISAFE has a consensus rating of “Buy” and a consensus target price of $66.00.
AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The business had revenue of $92.90 million for the quarter, compared to the consensus estimate of $92.04 million. During the same period last year, the firm earned $0.93 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 1.29%. AMERISAFE’s payout ratio is 23.81%.
In other news, CEO G. Janelle Frost sold 1,728 shares of the firm’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 sale, the chief executive officer now directly owns 54,322 shares in the company, valued at approximately $3,625,450.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Flinton Capital Management LLC raised its position in shares of AMERISAFE by 53.7% during the 2nd 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 during the period. Pinebridge Investments L.P. increased its holdings in AMERISAFE by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock valued at $144,000 after acquiring an additional 26 shares during the last quarter. Wolverine Trading LLC bought a new stake in AMERISAFE in the 3rd quarter valued at $206,000. Crossmark Global Holdings Inc. bought a new stake in AMERISAFE in the 3rd quarter valued at $227,000. Finally, Piedmont Investment Advisors LLC bought a new stake in AMERISAFE in the 2nd quarter valued at $237,000.
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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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