Amerisafe, Inc. (NASDAQ:AMSF) EVP Vincent J. Gagliano sold 654 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $60.04, for a total transaction of $39,266.16. Following the completion of the sale, the executive vice president now owns 17,492 shares in the company, valued at approximately $1,050,219.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ:AMSF traded down $1.12 during midday trading on Friday, reaching $59.06. The company’s stock had a trading volume of 45,417 shares, compared to its average volume of 75,493. The firm has a market capitalization of $1.15 billion, a P/E ratio of 15.30 and a beta of 0.50. Amerisafe, Inc. has a twelve month low of $50.46 and a twelve month high of $67.96.
Amerisafe (NASDAQ:AMSF) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.14. The firm had revenue of $92.97 million for 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 forecast that Amerisafe, Inc. will post 3.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.00 annualized dividend and a yield of 1.69%. Amerisafe’s dividend payout ratio is presently 25.91%.
AMSF has been the topic of a number of research reports. BidaskClub upgraded shares of Amerisafe from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. ValuEngine lowered shares of Amerisafe from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. Finally, Zacks Investment Research lowered shares of Amerisafe from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $66.33.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Amerisafe by 0.9% during the first quarter. BlackRock Inc. now owns 2,483,941 shares of the insurance provider’s stock valued at $147,544,000 after buying an additional 22,812 shares during the period. Vanguard Group Inc grew its position in Amerisafe by 0.9% during the third quarter. Vanguard Group Inc now owns 1,136,219 shares of the insurance provider’s stock valued at $70,389,000 after buying an additional 10,363 shares during the period. Vanguard Group Inc. grew its position in Amerisafe by 0.9% during the third quarter. Vanguard Group Inc. now owns 1,136,219 shares of the insurance provider’s stock valued at $70,389,000 after buying an additional 10,363 shares during the period. Bank of New York Mellon Corp grew its position in Amerisafe by 2.4% during the third quarter. Bank of New York Mellon Corp now owns 302,412 shares of the insurance provider’s stock valued at $18,735,000 after buying an additional 7,047 shares during the period. Finally, Geode Capital Management LLC grew its position in Amerisafe by 7.6% during the first quarter. Geode Capital Management LLC now owns 239,395 shares of the insurance provider’s stock valued at $14,220,000 after buying an additional 17,002 shares during the period.
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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