Shares of Amerisafe, Inc. (NASDAQ:AMSF) have been assigned an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $64.00.
A number of brokerages have issued reports on AMSF. ValuEngine raised shares of Amerisafe from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Zacks Investment Research raised shares of Amerisafe from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Tuesday, February 12th. Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a research note on Thursday, May 2nd. Finally, BidaskClub lowered shares of Amerisafe from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 4th.
In related news, CFO Neal Andrew Fuller sold 578 shares of Amerisafe stock in a transaction on Monday, March 4th. The shares were sold at an average price of $61.76, for a total value of $35,697.28. Following the completion of the sale, the chief financial officer now owns 20,341 shares of the company’s stock, valued at approximately $1,256,260.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO G. Janelle Frost sold 1,691 shares of Amerisafe stock in a transaction on Monday, March 4th. The shares were sold at an average price of $61.50, for a total transaction of $103,996.50. Following the completion of the sale, the chief executive officer now directly owns 57,912 shares of the company’s stock, valued at approximately $3,561,588. The disclosure for this sale can be found here. Insiders have sold a total of 3,553 shares of company stock valued at $218,698 in the last three months. Company insiders own 1.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its stake in shares of Amerisafe by 1,492.2% in the 1st quarter. Quadrant Capital Group LLC now owns 812 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 761 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Amerisafe in the 4th quarter valued at $51,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Amerisafe in the 4th quarter valued at $57,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Amerisafe by 36.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,213 shares of the insurance provider’s stock valued at $69,000 after purchasing an additional 322 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in shares of Amerisafe by 38.1% in the 4th quarter. Advisor Group Inc. now owns 1,370 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 378 shares during the last quarter.
Shares of NASDAQ:AMSF opened at $60.34 on Friday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 15.63 and a beta of 0.50. Amerisafe has a 12-month low of $50.46 and a 12-month high of $67.96.
Amerisafe (NASDAQ:AMSF) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $92.97 million during the quarter, compared to analyst estimates of $93.62 million. Amerisafe had a net margin of 19.76% and a return on equity of 17.34%. Equities research analysts expect that Amerisafe will post 3.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, June 6th. Amerisafe’s dividend payout ratio (DPR) is currently 25.91%.
Amerisafe Company Profile
AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.
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