AMERISAFE (NASDAQ:AMSF) Announces Quarterly Earnings Results, Misses Expectations By $0.08 EPS

AMERISAFE (NASDAQ:AMSF) posted its quarterly earnings data on Tuesday. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08), FiscalAI reports. The business had revenue of $91.97 million for the quarter, compared to analysts’ expectations of $85.09 million. AMERISAFE had a net margin of 14.27% and a return on equity of 15.34%.

AMERISAFE Price Performance

Shares of NASDAQ:AMSF opened at $33.98 on Wednesday. The business’s 50-day moving average is $32.32 and its 200 day moving average is $33.99. AMERISAFE has a 1 year low of $29.42 and a 1 year high of $47.86. The firm has a market capitalization of $635.43 million, a P/E ratio of 13.98 and a beta of 0.23.

AMERISAFE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, September 11th. AMERISAFE’s dividend payout ratio is currently 67.49%.

Institutional Investors Weigh In On AMERISAFE

Large investors have recently modified their holdings of the business. Quarry LP raised its position in shares of AMERISAFE by 346.9% in the 3rd quarter. Quarry LP now owns 943 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 732 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of AMERISAFE during the fourth quarter worth $54,000. Tower Research Capital LLC TRC grew its holdings in shares of AMERISAFE by 87.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,920 shares of the insurance provider’s stock valued at $84,000 after buying an additional 898 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of AMERISAFE by 116.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,713 shares of the insurance provider’s stock valued at $119,000 after acquiring an additional 1,462 shares during the period. Finally, Royal Bank of Canada raised its stake in AMERISAFE by 18.9% in the 4th quarter. Royal Bank of Canada now owns 3,846 shares of the insurance provider’s stock worth $147,000 after acquiring an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AMSF shares. Weiss Ratings upgraded AMERISAFE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Citizens Jmp decreased their price objective on AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Wall Street Zen upgraded shares of AMERISAFE from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Truist Financial lowered their price target on shares of AMERISAFE from $36.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.67.

AMERISAFE Company Profile

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.