AMERISAFE, Inc. (AMSF) to Issue Quarterly Dividend of $0.37 on June 21st

AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.37 per share by the insurance provider on Friday, June 21st. This represents a $1.48 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, June 14th.

AMERISAFE has raised its dividend by an average of 8.0% annually over the last three years and has raised its dividend every year for the last 11 years. AMERISAFE has a dividend payout ratio of 59.4% meaning its dividend is sufficiently covered by earnings. Analysts expect AMERISAFE to earn $2.23 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 66.4%.

AMERISAFE Stock Up 1.4 %

Shares of AMSF traded up $0.65 during mid-day trading on Friday, hitting $46.47. 50,611 shares of the company’s stock were exchanged, compared to its average volume of 132,110. The firm has a market cap of $889.44 million, a price-to-earnings ratio of 14.45 and a beta of 0.32. The stock’s 50-day simple moving average is $50.22 and its 200-day simple moving average is $49.57. AMERISAFE has a 52 week low of $44.88 and a 52 week high of $57.06.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings data on Wednesday, February 21st. The insurance provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. The firm had revenue of $73.88 million for the quarter, compared to analyst estimates of $75.15 million. AMERISAFE had a return on equity of 16.48% and a net margin of 19.97%. Analysts forecast that AMERISAFE will post 2.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of AMERISAFE in a research report on Monday, April 15th. TheStreet upgraded shares of AMERISAFE from a “c+” rating to a “b-” rating in a report on Monday, March 4th.

AMERISAFE Company Profile

AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.