AMERISAFE (NASDAQ:AMSF) Reaches New 52-Week Low – What’s Next?

AMERISAFE, Inc. (NASDAQ:AMSF) reached a new 52-week low on Wednesday . The stock traded as low as $29.42 and last traded at $29.4840, with a volume of 88000 shares trading hands. The stock had previously closed at $29.73.

Wall Street Analysts Forecast Growth

AMSF has been the subject of a number of research analyst reports. Citizens Jmp dropped their target price on shares of AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Wall Street Zen cut shares of AMERISAFE from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 2nd. Truist Financial dropped their price objective on shares of AMERISAFE from $36.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Morgan Stanley set a $55.00 target price on shares of AMERISAFE in a report on Friday, January 16th. Finally, Weiss Ratings raised shares of AMERISAFE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $44.67.

AMERISAFE Stock Up 0.2%

The company has a market cap of $567.73 million, a PE ratio of 12.49 and a beta of 0.23. The business’s 50 day moving average price is $32.85 and its 200-day moving average price is $36.88.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). AMERISAFE had a net margin of 14.27% and a return on equity of 15.34%. The firm had revenue of $80.09 million during the quarter, compared to analysts’ expectations of $90.49 million. Equities analysts expect that AMERISAFE, Inc. will post 2.08 earnings per share for the current year.

AMERISAFE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 12th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, June 12th. AMERISAFE’s dividend payout ratio is presently 67.49%.

Institutional Trading of AMERISAFE

Several institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. bought a new stake in shares of AMERISAFE in the 4th quarter worth about $4,145,000. Royce & Associates LP raised its position in shares of AMERISAFE by 21.3% during the 3rd quarter. Royce & Associates LP now owns 555,621 shares of the insurance provider’s stock valued at $24,358,000 after acquiring an additional 97,434 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in AMERISAFE by 3.3% during the third quarter. Neuberger Berman Group LLC now owns 1,794,777 shares of the insurance provider’s stock worth $78,683,000 after purchasing an additional 56,610 shares during the last quarter. Teacher Retirement System of Texas increased its stake in AMERISAFE by 34.7% during the fourth quarter. Teacher Retirement System of Texas now owns 156,059 shares of the insurance provider’s stock valued at $5,994,000 after purchasing an additional 40,164 shares during the last quarter. Finally, Granite Investment Partners LLC raised its stake in AMERISAFE by 19.5% during the third quarter. Granite Investment Partners LLC now owns 115,743 shares of the insurance provider’s stock worth $5,074,000 after acquiring an additional 18,861 shares during the period. 97.41% of the stock is owned by institutional investors and hedge funds.

About AMERISAFE

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.