Boenning Scattergood reaffirmed their hold rating on shares of AMERISAFE, Inc. (NASDAQ:AMSF) in a research note issued to investors on Thursday. Boenning Scattergood also issued estimates for AMERISAFE’s Q4 2017 earnings at $0.80 EPS, FY2017 earnings at $3.20 EPS, Q1 2018 earnings at $0.75 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.75 EPS, Q4 2018 earnings at $0.74 EPS, FY2018 earnings at $3.00 EPS and FY2019 earnings at $2.85 EPS.
Other research analysts have also issued research reports about the company. BidaskClub raised AMERISAFE from a hold rating to a buy rating in a research note on Saturday, July 1st. Zacks Investment Research raised AMERISAFE from a hold rating to a buy rating and set a $60.00 price target on the stock in a research note on Friday, September 1st. Finally, FBR & Co reissued a buy rating on shares of AMERISAFE in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $66.00.
Shares of AMERISAFE (NASDAQ AMSF) traded up 1.50% during midday trading on Thursday, hitting $64.15. The stock had a trading volume of 94,652 shares. The stock has a market cap of $1.23 billion, a P/E ratio of 18.70 and a beta of 0.88. AMERISAFE has a 12-month low of $51.20 and a 12-month high of $69.40. The stock has a 50-day moving average price of $58.48 and a 200-day moving average price of $56.81.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. AMERISAFE had a return on equity of 13.92% and a net margin of 17.07%. The company had revenue of $92.90 million for the quarter, compared to analyst estimates of $92.04 million. During the same quarter in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities analysts forecast that AMERISAFE will post $3.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, December 13th. AMERISAFE’s dividend payout ratio (DPR) is currently 23.81%.
In related news, Director Randy Roach sold 500 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $56.90, for a total value of $28,450.00. Following the transaction, the director now directly owns 8,399 shares of the company’s stock, valued at approximately $477,903.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Neal Andrew Fuller sold 1,850 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $56.94, for a total value of $105,339.00. Following the completion of the transaction, the chief financial officer now directly owns 23,210 shares in the company, valued at $1,321,577.40. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of AMERISAFE by 0.9% in the 2nd quarter. BlackRock Inc. now owns 2,275,948 shares of the insurance provider’s stock worth $129,615,000 after buying an additional 21,196 shares during the period. Neuberger Berman Group LLC raised its position in shares of AMERISAFE by 19.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,219,841 shares of the insurance provider’s stock worth $69,470,000 after buying an additional 202,379 shares during the period. Vanguard Group Inc. raised its position in shares of AMERISAFE by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 1,009,198 shares of the insurance provider’s stock worth $65,497,000 after buying an additional 63,165 shares during the period. Dimensional Fund Advisors LP raised its position in shares of AMERISAFE by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 939,594 shares of the insurance provider’s stock worth $60,979,000 after buying an additional 9,600 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of AMERISAFE by 13.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 559,157 shares of the insurance provider’s stock worth $31,844,000 after buying an additional 64,955 shares during the period. 99.40% of the stock is currently owned by institutional investors and hedge funds.
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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