Amerisafe, Inc. (NASDAQ:AMSF) has earned a consensus rating of “Hold” from the seven research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $69.00.
A number of equities research analysts have recently issued reports on AMSF shares. ValuEngine upgraded shares of Amerisafe from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a research report on Tuesday, February 27th. BidaskClub downgraded shares of Amerisafe from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Zacks Investment Research downgraded shares of Amerisafe from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 6th.
In other news, EVP Kathryn Housh Shirley sold 691 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $55.52, for a total transaction of $38,364.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vincent J. Gagliano sold 820 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $55.22, for a total transaction of $45,280.40. Following the transaction, the executive vice president now directly owns 16,680 shares of the company’s stock, valued at $921,069.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,432 shares of company stock valued at $578,872. Insiders own 2.20% of the company’s stock.
Shares of Amerisafe (NASDAQ AMSF) opened at $56.80 on Tuesday. The company has a market cap of $1,097.98, a PE ratio of 23.67 and a beta of 0.86. Amerisafe has a 12-month low of $51.20 and a 12-month high of $67.82.
Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings data on Monday, February 26th. The insurance provider reported $0.69 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.13). Amerisafe had a net margin of 12.32% and a return on equity of 12.69%. The firm had revenue of $94.94 million during the quarter, compared to analyst estimates of $92.71 million. During the same quarter in the previous year, the business earned $1.04 EPS. Amerisafe’s revenue for the quarter was down 3.7% on a year-over-year basis. research analysts forecast that Amerisafe will post 3.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.55%. This is an increase from Amerisafe’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, March 8th. Amerisafe’s dividend payout ratio (DPR) is presently 36.67%.
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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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