BidaskClub upgraded shares of Amerisafe (NASDAQ:AMSF) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.
A number of other equities research analysts have also recently commented on the company. TheStreet raised Amerisafe from a c+ rating to a b rating in a research note on Thursday, April 26th. Boenning Scattergood reaffirmed a hold rating on shares of Amerisafe in a report on Thursday, April 26th. Keefe, Bruyette & Woods assumed coverage on Amerisafe in a report on Thursday, April 5th. They set a market perform rating and a $54.00 price target on the stock. Zacks Investment Research downgraded Amerisafe from a hold rating to a strong sell rating in a report on Tuesday, March 6th. Finally, ValuEngine raised Amerisafe from a hold rating to a buy rating in a report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $62.67.
Amerisafe opened at $59.90 on Friday, according to Marketbeat. Amerisafe has a 12 month low of $51.20 and a 12 month high of $67.82. The firm has a market capitalization of $1.15 billion, a PE ratio of 19.45 and a beta of 0.84.
Amerisafe (NASDAQ:AMSF) last released its earnings results on Wednesday, April 25th. The insurance provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Amerisafe had a return on equity of 13.55% and a net margin of 13.14%. The firm had revenue of $94.60 million for the quarter, compared to analysts’ expectations of $92.52 million. equities research analysts anticipate that Amerisafe will post 3.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, June 7th. Amerisafe’s payout ratio is currently 28.57%.
In other Amerisafe news, EVP Vincent J. Gagliano sold 820 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $55.22, for a total value of $45,280.40. Following the transaction, the executive vice president now owns 16,680 shares of the company’s stock, valued at $921,069.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO G. Janelle Frost sold 7,500 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $55.53, for a total value of $416,475.00. Following the completion of the transaction, the chief executive officer now directly owns 69,322 shares in the company, valued at approximately $3,849,450.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,432 shares of company stock worth $578,872. Corporate insiders own 2.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB bought a new position in Amerisafe in the first quarter valued at about $296,000. Royal Bank of Canada lifted its holdings in Amerisafe by 1.4% in the first quarter. Royal Bank of Canada now owns 1,065,782 shares of the insurance provider’s stock valued at $58,884,000 after acquiring an additional 15,112 shares during the period. Legal & General Group Plc lifted its holdings in Amerisafe by 2.5% in the first quarter. Legal & General Group Plc now owns 35,735 shares of the insurance provider’s stock valued at $1,972,000 after acquiring an additional 867 shares during the period. Barclays PLC lifted its holdings in Amerisafe by 36.3% in the first quarter. Barclays PLC now owns 7,658 shares of the insurance provider’s stock valued at $423,000 after acquiring an additional 2,039 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in Amerisafe by 259.5% in the first quarter. Allianz Asset Management GmbH now owns 14,396 shares of the insurance provider’s stock valued at $795,000 after acquiring an additional 10,391 shares during the period.
Amerisafe Company Profile
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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