Amerisafe, Inc. (AMSF) Given Average Recommendation of “Buy” by Brokerages

Amerisafe, Inc. (NASDAQ:AMSF) has been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $67.00.

Several equities research analysts have recently commented on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of Amerisafe in a research report on Thursday, October 26th. FBR & Co reiterated a “buy” rating on shares of Amerisafe in a research note on Wednesday, October 25th. B. Riley reiterated a “buy” rating on shares of Amerisafe in a research note on Monday, November 6th. BidaskClub downgraded Amerisafe from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, SunTrust Banks reiterated a “buy” rating and set a $69.00 price objective on shares of Amerisafe in a research note on Friday, October 27th.

In other Amerisafe news, CEO G. Janelle Frost sold 1,728 shares of the company’s stock in a transaction that occurred 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 approximately $3,625,450.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Flinton Capital Management LLC raised its holdings in 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 buying an additional 748 shares during the period. Pinebridge Investments L.P. raised its holdings in Amerisafe by 1.0% during the 2nd 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 period. Wolverine Trading LLC purchased a new stake in Amerisafe during the 3rd quarter valued at $206,000. Crossmark Global Holdings Inc. purchased a new stake in Amerisafe during the 3rd quarter valued at $227,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Amerisafe during the 2nd quarter valued at $237,000.

Shares of Amerisafe (AMSF) opened at $62.00 on Monday. Amerisafe has a 52-week low of $51.20 and a 52-week high of $69.40. The company has a market cap of $1,193.13, a PE ratio of 18.45 and a beta of 0.88.

Amerisafe (NASDAQ:AMSF) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. Amerisafe had a net margin of 17.86% and a return on equity of 13.62%. The firm had revenue of $92.90 million during the quarter, compared to analyst estimates of $92.04 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. analysts predict that Amerisafe will post 3.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.80 annualized dividend and a yield of 1.29%. Amerisafe’s payout ratio is 23.81%.

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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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