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.
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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.
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