AMERISAFE, Inc. (NASDAQ:AMSF) Director Randy Roach sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $56.90, for a total value of $28,450.00. Following the completion of the transaction, the director now owns 8,399 shares of the company’s stock, valued at $477,903.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
AMERISAFE, Inc. (AMSF) traded up 0.35% on Thursday, reaching $57.25. The company’s stock had a trading volume of 43,515 shares. The company has a market cap of $1.10 billion, a P/E ratio of 16.69 and a beta of 0.87. The firm’s 50-day moving average price is $56.63 and its 200 day moving average price is $59.62. AMERISAFE, Inc. has a 52-week low of $51.20 and a 52-week high of $69.40.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The company had revenue of $89.93 million during the quarter, compared to the consensus estimate of $92.33 million. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. AMERISAFE’s revenue was down 7.8% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. Equities analysts anticipate that AMERISAFE, Inc. will post $3.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, September 7th. AMERISAFE’s payout ratio is 23.32%.
A number of research firms have weighed in on AMSF. BidaskClub downgraded AMERISAFE from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded AMERISAFE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, FBR & Co restated an “outperform” rating and issued a $64.00 price target (down from $71.00) on shares of AMERISAFE in a research note on Wednesday, May 10th.
Several hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of AMERISAFE during the first quarter worth approximately $106,000. State of Alaska Department of Revenue increased its stake in shares of AMERISAFE by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 2,120 shares of the insurance provider’s stock worth $137,000 after buying an additional 40 shares during the last quarter. US Bancorp DE increased its stake in shares of AMERISAFE by 8.8% in the first quarter. US Bancorp DE now owns 2,510 shares of the insurance provider’s stock worth $162,000 after buying an additional 202 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of AMERISAFE during the first quarter worth approximately $208,000. Finally, Oxford Asset Management acquired a new stake in shares of AMERISAFE during the first quarter worth approximately $264,000. 99.73% of the stock is owned by institutional investors.
AMERISAFE Company Profile
Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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