BidaskClub downgraded shares of AMERISAFE (NASDAQ:AMSF) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.
AMSF has been the subject of several other research reports. SunTrust Banks restated a buy rating and issued a $69.00 target price on shares of AMERISAFE in a report on Friday, October 27th. Boenning Scattergood started coverage on shares of AMERISAFE in a report on Monday, September 25th. They issued a neutral rating for the company. Zacks Investment Research upgraded shares of AMERISAFE from a hold rating to a buy rating and set a $65.00 target price for the company in a report on Monday, September 18th. B. Riley restated a buy rating on shares of AMERISAFE in a report on Monday, November 6th. Finally, FBR & Co restated a buy rating on shares of AMERISAFE in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. AMERISAFE presently has a consensus rating of Buy and a consensus target price of $66.00.
AMERISAFE (NASDAQ AMSF) traded down $0.45 during trading on Wednesday, hitting $60.60. 114,930 shares of the stock traded hands, compared to its average volume of 96,529. The company has a market cap of $1,166.19, a price-to-earnings ratio of 18.04 and a beta of 0.88. AMERISAFE has a 12-month low of $51.20 and a 12-month high of $69.40.
AMERISAFE (NASDAQ:AMSF) last released its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. The firm had revenue of $92.90 million during the quarter, compared to analyst estimates of $92.04 million. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. analysts anticipate that AMERISAFE will post 3.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th were issued a $0.20 dividend. The ex-dividend date was Wednesday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 1.32%. AMERISAFE’s dividend payout ratio (DPR) is presently 23.81%.
In related news, CEO G. Janelle Frost sold 1,728 shares of AMERISAFE stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $66.74, for a total transaction of $115,326.72. Following the completion of the sale, the chief executive officer now owns 54,322 shares in the company, valued at approximately $3,625,450.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. lifted its holdings in AMERISAFE by 64.6% during the 3rd quarter. Sei Investments Co. now owns 18,335 shares of the insurance provider’s stock valued at $1,068,000 after buying an additional 7,195 shares in the last quarter. QS Investors LLC lifted its holdings in AMERISAFE by 244.7% during the 2nd quarter. QS Investors LLC now owns 4,901 shares of the insurance provider’s stock valued at $279,000 after buying an additional 3,479 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in AMERISAFE by 41.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 44,568 shares of the insurance provider’s stock valued at $2,538,000 after buying an additional 13,054 shares in the last quarter. Granite Investment Partners LLC lifted its holdings in AMERISAFE by 6.2% during the 3rd quarter. Granite Investment Partners LLC now owns 187,372 shares of the insurance provider’s stock valued at $10,905,000 after buying an additional 10,902 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in AMERISAFE by 10.3% during the 3rd quarter. Fisher Asset Management LLC now owns 49,644 shares of the insurance provider’s stock valued at $2,889,000 after buying an additional 4,626 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.
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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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