Shares of Amerisafe Inc. (NASDAQ:AMSF) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price objective of $64.00 for the company and are forecasting that the company will post $0.88 earnings per share for the current quarter, according to Zacks. Zacks has also given Amerisafe an industry rank of 36 out of 265 based on the ratings given to its competitors.
AMSF has been the subject of a number of research reports. FBR & Co reiterated a “buy” rating on shares of Amerisafe in a research note on Friday, July 29th. Zacks Investment Research cut Amerisafe from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th.
Amerisafe (NASDAQ:AMSF) opened at 58.73 on Tuesday. The firm has a 50-day moving average price of $58.97 and a 200-day moving average price of $57.63. Amerisafe has a 1-year low of $46.88 and a 1-year high of $64.97. The firm has a market capitalization of $1.12 billion, a PE ratio of 13.73 and a beta of 0.75.
Amerisafe (NASDAQ:AMSF) last issued its earnings results on Thursday, July 28th. The company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by $0.04. The business earned $97.56 million during the quarter, compared to analyst estimates of $100.25 million. Amerisafe had a net margin of 20.52% and a return on equity of 16.95%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 EPS. Equities analysts expect that Amerisafe will post $4.00 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.23%. The ex-dividend date was Wednesday, September 7th. Amerisafe’s dividend payout ratio is currently 16.78%.
In related news, CFO Neal Andrew Fuller sold 1,200 shares of the firm’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $57.30, for a total transaction of $68,760.00. Following the completion of the transaction, the chief financial officer now directly owns 25,060 shares of the company’s stock, valued at approximately $1,435,938. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO G. Janelle Frost sold 7,568 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $59.19, for a total value of $447,949.92. Following the transaction, the chief executive officer now directly owns 60,321 shares of the company’s stock, valued at $3,570,399.99. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Amerisafe during the fourth quarter valued at about $8,725,000. Aperio Group LLC bought a new position in shares of Amerisafe during the first quarter valued at about $277,000. Prudential Financial Inc. raised its position in shares of Amerisafe by 0.6% in the first quarter. Prudential Financial Inc. now owns 91,041 shares of the company’s stock valued at $4,783,000 after buying an additional 540 shares in the last quarter. BlackRock Group LTD raised its position in shares of Amerisafe by 7.5% in the first quarter. BlackRock Group LTD now owns 29,193 shares of the company’s stock valued at $1,534,000 after buying an additional 2,043 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Amerisafe by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 529,548 shares of the company’s stock valued at $27,822,000 after buying an additional 13,504 shares in the last quarter. 96.56% of the stock is owned by institutional investors and hedge funds.
AMERISAFE, Inc (AMERISAFE) is an insurance holding company. The Company provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, manufacturing, agriculture, and oil and gas. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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