AMERISAFE, Inc. (NASDAQ:AMSF) Downgraded by BidaskClub

BidaskClub lowered shares of AMERISAFE, Inc. (NASDAQ:AMSF) from a buy rating to a hold rating in a research report sent to investors on Wednesday, July 12th.

AMSF has been the topic of a number of other reports. Zacks Investment Research upgraded shares of AMERISAFE from a sell rating to a hold rating in a report on Tuesday, April 25th. FBR & Co reaffirmed an outperform rating and issued a $64.00 target price (down from $71.00) on shares of AMERISAFE in a research report on Wednesday, May 10th.

AMERISAFE (NASDAQ AMSF) traded down 1.22% on Wednesday, hitting $56.55. The company’s stock had a trading volume of 68,846 shares. AMERISAFE has a 12 month low of $51.20 and a 12 month high of $69.40. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 16.49 and a beta of 0.87. The firm has a 50 day moving average of $56.70 and a 200 day moving average of $59.55.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.82 earnings per share for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $92.33 million. During the same period last year, the business earned $0.85 EPS. The company’s revenue was down 7.8% on a year-over-year basis. Equities research analysts forecast that AMERISAFE will post $3.13 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “AMERISAFE, Inc. (NASDAQ:AMSF) Downgraded by BidaskClub” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/11/bidaskclub-lowers-amerisafe-inc-nasdaqamsf-to-hold-updated-updated-updated.html.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, September 7th. AMERISAFE’s dividend payout ratio (DPR) is 23.32%.

In other AMERISAFE news, Director Philip A. Garcia acquired 1,554 shares of the stock in a transaction on Wednesday, May 31st. The shares were bought at an average cost of $51.54 per share, with a total value of $80,093.16. Following the transaction, the director now owns 9,558 shares of the company’s stock, valued at approximately $492,619.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Randy Roach sold 500 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $56.90, for a total transaction of $28,450.00. Following the transaction, the director now directly owns 8,399 shares in the company, valued at $477,903.10. The disclosure for this sale can be found here. Insiders purchased 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.

Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in AMERISAFE during the first quarter valued at approximately $106,000. State of Alaska Department of Revenue boosted its stake 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 valued at $137,000 after buying an additional 40 shares during the period. US Bancorp DE boosted its stake in AMERISAFE by 8.8% in the first quarter. US Bancorp DE now owns 2,510 shares of the insurance provider’s stock valued at $162,000 after buying an additional 202 shares during the period. Pinebridge Investments L.P. boosted its stake in AMERISAFE by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock valued at $144,000 after buying an additional 26 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in AMERISAFE during the first quarter valued at approximately $208,000. Institutional investors own 99.73% of the company’s stock.

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.

What are top analysts saying about AMERISAFE Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AMERISAFE Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit