AMERISAFE, Inc. (NASDAQ:AMSF)‘s stock had its “buy” rating reaffirmed by research analysts at FBR & Co in a research report issued to clients and investors on Wednesday, October 25th.
AMSF has been the topic of several other reports. BidaskClub raised AMERISAFE from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Boenning Scattergood began coverage on AMERISAFE in a research report on Monday, September 25th. They issued a “neutral” rating on the stock. Finally, 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 report on Friday, September 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. AMERISAFE currently has a consensus rating of “Buy” and a consensus price target of $66.00.
AMERISAFE (NASDAQ:AMSF) traded down $0.95 during mid-day trading on Wednesday, reaching $63.95. The company had a trading volume of 116,100 shares, compared to its average volume of 82,647. The company has a market cap of $1,230.65, a PE ratio of 18.59 and a beta of 0.89. AMERISAFE has a fifty-two week low of $51.20 and a fifty-two week high of $69.40.
AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings data on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.08. The business had revenue of $92.90 million for the quarter, compared to analysts’ expectations of $92.04 million. AMERISAFE had a return on equity of 13.92% and a net margin of 17.07%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. research analysts forecast that AMERISAFE will post 3.22 EPS for the current fiscal year.
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In other news, CEO G. Janelle Frost sold 1,728 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $66.74, for a total transaction of $115,326.72. Following the transaction, the chief executive officer now directly owns 54,322 shares of the company’s stock, valued at approximately $3,625,450.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Neal Andrew Fuller sold 1,850 shares of the company’s 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 sale, the chief financial officer now owns 23,210 shares of the company’s stock, valued at $1,321,577.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake 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 purchasing an additional 21,196 shares in the last quarter. Neuberger Berman Group LLC increased its stake 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 purchasing an additional 202,379 shares in the last quarter. Vanguard Group Inc. increased its stake 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 purchasing an additional 63,165 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 9,600 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake 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 purchasing an additional 64,955 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.
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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