AMERISAFE, Inc. (NASDAQ:AMSF) – Equities research analysts at B. Riley lifted their FY2018 earnings per share estimates for AMERISAFE in a research note issued on Thursday, Zacks Investment Research reports. B. Riley analyst R. Binner now forecasts that the insurance provider will post earnings of $3.60 per share for the year, up from their prior forecast 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 posted its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The firm had revenue of $92.90 million for the quarter, compared to the consensus estimate of $92.04 million. During the same period in the prior year, the business posted $0.93 earnings per share. The business’s quarterly revenue was down 5.4% on a year-over-year basis.
AMSF has been the subject of a number of other reports. SunTrust Banks restated a “buy” rating and set a $69.00 price target on shares of AMERISAFE in a report on Friday, October 27th. Boenning Scattergood initiated coverage on shares of AMERISAFE in a report on Monday, September 25th. They set a “neutral” rating for the company. BidaskClub cut shares of AMERISAFE from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, FBR & Co restated a “buy” rating on shares of AMERISAFE in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $66.00.
AMERISAFE (NASDAQ:AMSF) traded up $0.95 during mid-day trading on Monday, reaching $62.30. 53,592 shares of the company’s stock were exchanged, compared to its average volume of 93,864. AMERISAFE has a one year low of $51.20 and a one year high of $69.40. The company has a market capitalization of $1,190.00, a PE ratio of 18.54 and a beta of 0.88.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, December 13th. AMERISAFE’s dividend payout ratio (DPR) is 23.81%.
In related news, CEO G. Janelle Frost sold 1,728 shares of the stock in a transaction dated Tuesday, November 7th. The shares were 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 owns 54,322 shares in the company, valued at $3,625,450.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of AMERISAFE by 0.9% in the second quarter. BlackRock Inc. now owns 2,275,948 shares of the insurance provider’s stock valued at $129,615,000 after buying an additional 21,196 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of AMERISAFE by 7.6% in the third quarter. Neuberger Berman Group LLC now owns 1,312,660 shares of the insurance provider’s stock valued at $76,397,000 after buying an additional 92,819 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of AMERISAFE by 13.1% in the second quarter. Goldman Sachs Group Inc. now owns 559,157 shares of the insurance provider’s stock valued at $31,844,000 after buying an additional 64,955 shares during the period. TimesSquare Capital Management LLC lifted its stake in shares of AMERISAFE by 64.8% in the second quarter. TimesSquare Capital Management LLC now owns 545,380 shares of the insurance provider’s stock valued at $31,059,000 after buying an additional 214,400 shares during the period. Finally, State Street Corp lifted its stake in shares of AMERISAFE by 1.8% in the second quarter. State Street Corp now owns 487,661 shares of the insurance provider’s stock valued at $27,771,000 after buying an additional 8,645 shares during the period.
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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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