AMERISAFE, Inc. (NASDAQ:AMSF) Receives $44.00 Consensus Target Price from Analysts

Shares of AMERISAFE, Inc. (NASDAQ:AMSF) have earned a consensus rating of “Hold” from the five analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $44.00.

Several research firms have recently commented on AMSF. Truist Financial dropped their price objective on shares of AMERISAFE from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Zacks Research downgraded shares of AMERISAFE from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Finally, Weiss Ratings lowered shares of AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th.

Institutional Trading of AMERISAFE

Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in AMERISAFE during the second quarter valued at approximately $411,000. Integrated Wealth Concepts LLC acquired a new position in AMERISAFE in the second quarter valued at approximately $50,000. Squarepoint Ops LLC boosted its position in AMERISAFE by 56.2% in the 2nd quarter. Squarepoint Ops LLC now owns 27,654 shares of the insurance provider’s stock worth $936,000 after purchasing an additional 9,949 shares in the last quarter. Allworth Financial LP grew its stake in shares of AMERISAFE by 317.8% during the 2nd quarter. Allworth Financial LP now owns 1,124 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 855 shares during the period. Finally, Wedmont Private Capital acquired a new stake in shares of AMERISAFE during the 2nd quarter worth approximately $328,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.

AMERISAFE Stock Down 0.8%

Shares of NASDAQ:AMSF opened at $24.37 on Thursday. AMERISAFE has a 52-week low of $24.11 and a 52-week high of $44.66. The stock has a market cap of $451.82 million, a price-to-earnings ratio of 9.83 and a beta of 0.23. The business has a 50-day moving average price of $27.58 and a 200-day moving average price of $30.64.

AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Tuesday, July 21st. The insurance provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%. The firm had revenue of $91.97 million during the quarter, compared to analysts’ expectations of $85.09 million. As a group, equities analysts anticipate that AMERISAFE will post 1.97 EPS for the current fiscal year.

AMERISAFE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, September 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.7%. AMERISAFE’s dividend payout ratio (DPR) is presently 66.13%.

About AMERISAFE

AMERISAFE, Inc (NASDAQ: AMSF) is a specialty workers’ compensation insurance company headquartered in DeRidder, Louisiana. Through its insurance subsidiaries, the company provides workers’ compensation coverage to small and mid-sized employers whose operations involve relatively high workplace risks.

The company focuses on industries such as construction, trucking, logging, agriculture, manufacturing, oil and gas, and other hazardous occupations. Its services include workers’ compensation underwriting, claims administration, workplace safety and loss-control services, and premium auditing.

AMERISAFE primarily serves employers across the southeastern and other selected regions of the United States.