BidaskClub downgraded shares of Amerisafe (NASDAQ:AMSF) from a hold rating to a sell rating in a research note issued to investors on Wednesday.
AMSF has been the subject of a number of other reports. ValuEngine upgraded Amerisafe from a hold rating to a buy rating in a research note on Thursday, March 1st. Zacks Investment Research lowered Amerisafe from a hold rating to a strong sell rating in a research note on Tuesday. Finally, Boenning Scattergood restated a hold rating on shares of Amerisafe in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Amerisafe has a consensus rating of Hold and an average price target of $66.00.
Shares of Amerisafe (AMSF) traded up $0.70 during midday trading on Wednesday, hitting $57.05. The company had a trading volume of 73,170 shares, compared to its average volume of 82,742. The firm has a market capitalization of $1,110.00, a price-to-earnings ratio of 18.64 and a beta of 0.86. Amerisafe has a twelve month low of $51.20 and a twelve month high of $67.82.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.22 per share. This is a positive change from Amerisafe’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, March 8th. Amerisafe’s dividend payout ratio is currently 28.76%.
In other Amerisafe news, EVP Kathryn Housh Shirley sold 691 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $55.52, for a total transaction of $38,364.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO G. Janelle Frost sold 7,500 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $55.53, for a total value of $416,475.00. Following the transaction, the chief executive officer now owns 69,322 shares of the company’s stock, valued at $3,849,450.66. The disclosure for this sale can be found here. Insiders have sold 10,432 shares of company stock valued at $578,872 over the last quarter. Corporate insiders own 2.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in AMSF. Parametric Portfolio Associates LLC raised its stake in Amerisafe by 1.6% during the second quarter. Parametric Portfolio Associates LLC now owns 23,439 shares of the insurance provider’s stock worth $1,335,000 after acquiring an additional 374 shares in the last quarter. State Street Corp increased its stake in shares of Amerisafe by 1.8% in the second quarter. State Street Corp now owns 487,661 shares of the insurance provider’s stock valued at $27,771,000 after buying an additional 8,645 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Amerisafe by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 14,946 shares of the insurance provider’s stock valued at $851,000 after buying an additional 552 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Amerisafe by 429.8% in the third quarter. First Trust Advisors LP now owns 58,794 shares of the insurance provider’s stock valued at $3,422,000 after buying an additional 47,697 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of Amerisafe by 14.3% in the third quarter. Aperio Group LLC now owns 7,692 shares of the insurance provider’s stock valued at $448,000 after buying an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Amerisafe (AMSF) Downgraded by BidaskClub to “Sell”” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3253095/amerisafe-amsf-downgraded-by-bidaskclub-to-sell.html.
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.
Receive News & Ratings for Amerisafe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerisafe and related companies with MarketBeat.com's FREE daily email newsletter.