Amerisafe, Inc. (NASDAQ:AMSF) – SunTrust Banks issued their Q1 2018 earnings per share estimates for Amerisafe in a research report issued on Thursday. SunTrust Banks analyst M. Hughes expects that the insurance provider will post earnings per share of $0.86 for the quarter. SunTrust Banks has a “Buy” rating and a $69.00 price objective on the stock. SunTrust Banks also issued estimates for Amerisafe’s Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.87 EPS and FY2018 earnings at $3.45 EPS.
A number of other research firms have also recently commented on AMSF. B. Riley reissued a “buy” rating on shares of Amerisafe in a research note on Monday, November 6th. Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a research note on Thursday, October 26th. FBR & Co reissued a “buy” rating on shares of Amerisafe in a research note on Wednesday, October 25th. Finally, BidaskClub cut Amerisafe from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $66.00.
Amerisafe (NASDAQ:AMSF) last released its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.08. The business had revenue of $92.90 million for 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 firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share.
Several institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Amerisafe by 9.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 92,925 shares of the insurance provider’s stock worth $5,725,000 after purchasing an additional 7,680 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Amerisafe by 186.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the insurance provider’s stock worth $881,000 after purchasing an additional 9,300 shares during the period. Thomson Horstmann & Bryant Inc. boosted its holdings in shares of Amerisafe by 11.4% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 15,391 shares of the insurance provider’s stock worth $948,000 after purchasing an additional 1,575 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Amerisafe by 166.6% during the third quarter. GSA Capital Partners LLP now owns 34,131 shares of the insurance provider’s stock worth $1,986,000 after purchasing an additional 21,331 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of Amerisafe by 15.8% during the third quarter. Sterling Capital Management LLC now owns 31,779 shares of the insurance provider’s stock worth $1,850,000 after purchasing an additional 4,340 shares during the period. Institutional investors own 99.99% of the company’s stock.
In other news, CEO G. Janelle Frost sold 1,728 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was 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 of the company’s stock, valued at $3,625,450.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by company insiders.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.29%. Amerisafe’s dividend payout ratio (DPR) is currently 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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