Amerisafe, Inc. (NASDAQ:AMSF) EVP Vincent J. Gagliano sold 820 shares of Amerisafe stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $55.22, for a total value of $45,280.40. Following the transaction, the executive vice president now owns 16,680 shares of the company’s stock, valued at $921,069.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Amerisafe, Inc. (NASDAQ:AMSF) traded up $0.70 during midday trading on Friday, hitting $57.05. The stock had a trading volume of 73,170 shares, compared to its average volume of 82,742. Amerisafe, Inc. has a one year low of $51.20 and a one year high of $67.82. The company has a market cap of $1,110.00, a P/E ratio of 18.64 and a beta of 0.86.
Amerisafe (NASDAQ:AMSF) last issued its earnings results on Monday, February 26th. The insurance provider reported $0.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.13). Amerisafe had a return on equity of 12.69% and a net margin of 12.32%. The business had revenue of $94.94 million for the quarter, compared to the consensus estimate of $92.71 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year. sell-side analysts forecast that Amerisafe, Inc. will post 3.22 EPS for the current fiscal year.
Several research analysts have recently commented on AMSF shares. BidaskClub downgraded Amerisafe from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine upgraded Amerisafe from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded Amerisafe from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Boenning Scattergood reiterated 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 given a hold rating and four have issued a buy rating to the company’s stock. Amerisafe has an average rating of “Hold” and a consensus target price of $66.00.
Large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its holdings in Amerisafe by 64.6% during the 3rd quarter. Sei Investments Co. now owns 18,335 shares of the insurance provider’s stock worth $1,068,000 after purchasing an additional 7,195 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Amerisafe during the 4th quarter worth approximately $3,640,000. Nisa Investment Advisors LLC lifted its holdings in Amerisafe by 186.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the insurance provider’s stock worth $881,000 after purchasing an additional 9,300 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Amerisafe by 5.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 85,245 shares of the insurance provider’s stock worth $4,962,000 after purchasing an additional 4,613 shares during the last quarter. Finally, Granite Investment Partners LLC lifted its holdings in Amerisafe by 6.2% during the 3rd quarter. Granite Investment Partners LLC now owns 187,372 shares of the insurance provider’s stock worth $10,905,000 after purchasing an additional 10,902 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.
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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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