Amerisafe, Inc. (NASDAQ:AMSF) Expected to Post Q1 2019 Earnings of $0.84 Per Share

Amerisafe, Inc. (NASDAQ:AMSF) – Analysts at SunTrust Banks issued their Q1 2019 earnings estimates for Amerisafe in a report released on Thursday, Zacks Investment Research reports. SunTrust Banks analyst M. Hughes anticipates that the insurance provider will post earnings of $0.84 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $69.00 price target on the stock. SunTrust Banks also issued estimates for Amerisafe’s Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.88 EPS, Q4 2019 earnings at $0.88 EPS and FY2019 earnings at $3.45 EPS.

Several other analysts have also recently weighed in on AMSF. B. Riley reaffirmed a “buy” rating on shares of Amerisafe in a report on Monday, November 6th. Boenning Scattergood restated a “hold” rating on shares of Amerisafe in a research report on Thursday, October 26th. FBR & Co restated a “buy” rating on shares of Amerisafe in a research report on Wednesday, October 25th. Finally, BidaskClub lowered shares of Amerisafe from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Amerisafe has a consensus rating of “Buy” and a consensus target price of $66.00.

Shares of Amerisafe (NASDAQ AMSF) traded up $0.60 during mid-day trading on Friday, reaching $57.90. 96,476 shares of the company’s stock traded hands, compared to its average volume of 68,792. The stock has a market capitalization of $1,114.23, a price-to-earnings ratio of 16.83 and a beta of 0.81. Amerisafe has a one year low of $51.20 and a one year high of $69.40.

A number of large investors have recently bought and sold shares of AMSF. Schwab Charles Investment Management Inc. grew its position in Amerisafe by 0.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 80,632 shares of the insurance provider’s stock valued at $4,592,000 after buying an additional 731 shares during the last quarter. Bank of New York Mellon Corp grew its position in Amerisafe by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 275,093 shares of the insurance provider’s stock valued at $15,665,000 after buying an additional 4,966 shares during the last quarter. Legal & General Group Plc grew its position in Amerisafe by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 34,706 shares of the insurance provider’s stock valued at $1,976,000 after buying an additional 2,887 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in Amerisafe by 0.9% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,315 shares of the insurance provider’s stock valued at $644,000 after buying an additional 100 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in Amerisafe by 7.6% in the 2nd quarter. Teachers Advisors LLC now owns 34,238 shares of the insurance provider’s stock valued at $1,950,000 after buying an additional 2,415 shares during the last quarter. Hedge funds and other institutional investors own 99.94% of the company’s stock.

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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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Earnings History and Estimates for Amerisafe (NASDAQ:AMSF)

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