AMERISAFE, Inc. (NASDAQ:AMSF) – Investment analysts at B. Riley increased their FY2018 earnings per share (EPS) estimates for shares of AMERISAFE in a research report issued to clients and investors on Thursday. B. Riley analyst R. Binner now expects that the insurance provider will earn $3.60 per share for the year, up from their prior estimate of $3.20. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for AMERISAFE’s FY2019 earnings at $3.55 EPS.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $92.04 million. During the same period last year, the business posted $0.93 earnings per share. AMERISAFE’s revenue was down 5.4% on a year-over-year basis.
AMERISAFE (NASDAQ AMSF) traded up $0.50 during trading hours on Monday, reaching $60.20. The company’s stock had a trading volume of 35,828 shares, compared to its average volume of 89,371. AMERISAFE has a twelve month low of $51.20 and a twelve month high of $69.40. The stock has a market capitalization of $1,150.00, a P/E ratio of 17.92 and a beta of 0.88.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pinebridge Investments L.P. grew its position in shares of 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 purchasing an additional 26 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of AMERISAFE by 0.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,315 shares of the insurance provider’s stock valued at $644,000 after purchasing an additional 100 shares in the last quarter. Suntrust Banks Inc. grew its position in shares of AMERISAFE by 5.3% in the second quarter. Suntrust Banks Inc. now owns 4,450 shares of the insurance provider’s stock valued at $252,000 after purchasing an additional 225 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of AMERISAFE by 1.6% in the second quarter. Parametric Portfolio Associates LLC now owns 23,439 shares of the insurance provider’s stock valued at $1,335,000 after purchasing an additional 374 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of AMERISAFE by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,946 shares of the insurance provider’s stock valued at $851,000 after purchasing an additional 552 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.
In other AMERISAFE news, CEO G. Janelle Frost sold 1,728 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $66.74, for a total value of $115,326.72. Following the completion of the sale, the chief executive officer now directly owns 54,322 shares of the company’s stock, valued at $3,625,450.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Wednesday, December 13th. AMERISAFE’s dividend payout ratio is currently 23.81%.
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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