Shares of AMERISAFE, Inc. (NASDAQ:AMSF) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price target of $64.50 for the company and are expecting that the company will post $0.76 earnings per share for the current quarter, according to Zacks. Zacks has also given AMERISAFE an industry rank of 74 out of 265 based on the ratings given to its competitors.
Several analysts recently issued reports on AMSF shares. BidaskClub raised shares of AMERISAFE from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Finally, FBR & Co reissued an “outperform” rating and issued a $64.00 price target (down previously from $71.00) on shares of AMERISAFE in a research report on Wednesday, May 10th.
In other news, Director Millard E. Morris acquired 2,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were purchased at an average cost of $52.15 per share, with a total value of $104,300.00. Following the acquisition, the director now directly owns 10,336 shares of the company’s stock, valued at $539,022.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Philip A. Garcia acquired 1,554 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were purchased at an average cost of $51.54 per share, for a total transaction of $80,093.16. Following the completion of the acquisition, the director now directly owns 9,558 shares in the company, valued at $492,619.32. The disclosure for this purchase can be found here. Insiders have acquired a total of 6,054 shares of company stock worth $311,443 over the last ninety days. Insiders own 2.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in AMERISAFE by 7.4% in the fourth quarter. State Street Corp now owns 449,561 shares of the insurance provider’s stock worth $28,029,000 after buying an additional 30,954 shares in the last quarter. Norges Bank purchased a new position in AMERISAFE during the fourth quarter worth about $10,326,000. Teachers Advisors LLC increased its position in AMERISAFE by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 31,035 shares of the insurance provider’s stock worth $1,935,000 after buying an additional 667 shares in the last quarter. Louisiana State Employees Retirement System increased its position in AMERISAFE by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the insurance provider’s stock worth $506,000 after buying an additional 100 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in AMERISAFE by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 2,120 shares of the insurance provider’s stock worth $137,000 after buying an additional 40 shares in the last quarter. 99.73% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of AMERISAFE (NASDAQ:AMSF) traded down 2.12% on Wednesday, reaching $57.75. 81,055 shares of the company traded hands. The firm has a 50-day moving average price of $56.33 and a 200 day moving average price of $60.01. AMERISAFE has a one year low of $51.20 and a one year high of $69.40. The company has a market capitalization of $1.11 billion, a PE ratio of 16.84 and a beta of 0.86.
AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. AMERISAFE had a net margin of 17.17% and a return on equity of 14.04%. The business had revenue of $89.93 million during the quarter, compared to the consensus estimate of $92.33 million. During the same quarter last year, the firm posted $0.85 EPS. AMERISAFE’s revenue was down 7.8% compared to the same quarter last year. Equities analysts forecast that AMERISAFE will post $3.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, September 7th. AMERISAFE’s dividend payout ratio is 23.32%.
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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