Amerisafe (AMSF) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Amerisafe (NASDAQ: AMSF):

  • 2/6/2019 – Amerisafe was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “Amerisafe's shares have outperformed its industry in a year's time. Its  revenue growth catching up along with a rebound in net investment income should aid its top-line growth. Its strong blance sheet is another positive. The company's consistently increasing return on equity highlights its efficiency in using shareholder’s funds. Amerisafe’s efficient claims management, good underwriting results, favorable loss and frequency trends, prudent reserve analytics, and improved operating leverage also bode well. Increasing revenues is another positive. However, a rise in expenses and product concentration remains a headwind.”
  • 2/5/2019 – Amerisafe was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Amerisafe's shares have outperformed its industry in a year's time. Its  revenue growth catching up along with a rebound in net investment income should aid its top-line growth. Its strong blance sheet is another positive. The company's consistently increasing return on equity highlights its efficiency in using shareholder’s funds. Amerisafe’s efficient claims management, good underwriting results, favorable loss and frequency trends, prudent reserve analytics, and improved operating leverage also bode well. Increasing revenues is another positive. However, a rise in expenses and product concentration remains a headwind.”
  • 1/31/2019 – Amerisafe was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/29/2019 – Amerisafe was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $66.00 price target on the stock. According to Zacks, “Amerisafe's shares have outperformed its industry in a year's time. Its  revenue growth catching up along with a rebound in net investment income should aid its top-line growth. Its strong blance sheet is another positive. The company's consistently increasing return on equity highlights its efficiency in using shareholder’s funds. Amerisafe’s efficient claims management, good underwriting results, favorable loss and frequency trends, prudent reserve analytics, and improved operating leverage also bode well. Increasing revenues is another positive. However, a rise in expenses and product concentration remains a headwind.”
  • 1/22/2019 – Amerisafe was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/9/2019 – Amerisafe was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/31/2018 – Amerisafe was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Amerisafe's revenue growth catching up along with a rebound in net investment income should aid its top-line growth. Its strong blance sheet is another positive. The company's consistently increasing return on equity highlights its efficiency in using shareholder’s funds. Amerisafe’s efficient claims management, good underwriting results, favorable loss and frequency trends, prudent reserve analytics, and improved operating leverage also bode well. Increasing revenues is another positive. However, a rise in expenses and product concentration remains a headwind. Shares of the company have declined in a year's time but have fared better than the industry.”

Shares of NASDAQ AMSF traded up $0.44 during trading on Thursday, hitting $60.14. The company had a trading volume of 37,876 shares, compared to its average volume of 87,495. Amerisafe, Inc. has a fifty-two week low of $50.46 and a fifty-two week high of $67.96. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 19.53 and a beta of 0.53.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in Amerisafe by 1.5% during the third quarter. BlackRock Inc. now owns 2,437,426 shares of the insurance provider’s stock worth $150,998,000 after acquiring an additional 36,880 shares during the last quarter. Vanguard Group Inc. boosted its position in Amerisafe by 0.9% during the third quarter. Vanguard Group Inc. now owns 1,136,219 shares of the insurance provider’s stock worth $70,389,000 after acquiring an additional 10,363 shares during the last quarter. Vanguard Group Inc boosted its position in Amerisafe by 0.9% during the third quarter. Vanguard Group Inc now owns 1,136,219 shares of the insurance provider’s stock worth $70,389,000 after acquiring an additional 10,363 shares during the last quarter. Victory Capital Management Inc. boosted its position in Amerisafe by 1.1% during the third quarter. Victory Capital Management Inc. now owns 1,133,521 shares of the insurance provider’s stock worth $70,222,000 after acquiring an additional 12,629 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Amerisafe by 0.3% during the second quarter. Northern Trust Corp now owns 546,770 shares of the insurance provider’s stock worth $31,576,000 after acquiring an additional 1,654 shares during the last quarter.

AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.

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