Amerisafe, Inc. (NASDAQ:AMSF) – Equities research analysts at B. Riley issued their FY2017 earnings estimates for Amerisafe in a research note issued on Monday, according to Zacks Investment Research. B. Riley analyst R. Binner forecasts that the insurance provider will earn $3.30 per share for the year. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Amerisafe’s FY2018 earnings at $3.20 EPS and FY2019 earnings at $3.10 EPS.
Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.08. The company had revenue of $92.90 million during the quarter, compared to the consensus estimate of $92.04 million. Amerisafe had a return on equity of 13.62% and a net margin of 17.86%. Amerisafe’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS.
A number of other analysts also recently issued reports on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $69.00 price target on shares of Amerisafe in a report on Friday, October 27th. Boenning Scattergood reaffirmed a “hold” rating on shares of Amerisafe in a report on Thursday, October 26th. FBR & Co reaffirmed a “buy” rating on shares of Amerisafe in a report on Wednesday, October 25th. Finally, Zacks Investment Research raised Amerisafe from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Monday, September 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Amerisafe currently has an average rating of “Buy” and an average price target of $66.00.
Shares of Amerisafe (NASDAQ:AMSF) opened at $64.40 on Wednesday. The stock has a market capitalization of $1,220.07, a PE ratio of 18.43 and a beta of 0.89. Amerisafe has a fifty-two week low of $51.20 and a fifty-two week high of $69.40.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th 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 1.24%. The ex-dividend date is Wednesday, December 13th. Amerisafe’s dividend payout ratio (DPR) is currently 23.81%.
In related news, CEO G. Janelle Frost sold 1,728 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $66.74, for a total value of $115,326.72. Following the transaction, the chief executive officer now owns 54,322 shares in the company, valued at approximately $3,625,450.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Neal Andrew Fuller sold 1,850 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $56.94, for a total value of $105,339.00. Following the completion of the transaction, the chief financial officer now owns 23,210 shares in the company, valued at approximately $1,321,577.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. Pinebridge Investments L.P. increased its position in Amerisafe by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock valued at $144,000 after acquiring an additional 26 shares during the period. US Bancorp DE increased its position in Amerisafe by 1.2% in the 2nd quarter. US Bancorp DE now owns 2,540 shares of the insurance provider’s stock valued at $145,000 after acquiring an additional 30 shares during the period. Aperio Group LLC increased its position in Amerisafe by 1.2% in the 2nd quarter. Aperio Group LLC now owns 6,727 shares of the insurance provider’s stock valued at $383,000 after acquiring an additional 83 shares during the period. Legal & General Group Plc increased its position in Amerisafe by 0.3% in the 1st quarter. Legal & General Group Plc now owns 31,819 shares of the insurance provider’s stock valued at $2,064,000 after acquiring an additional 93 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in Amerisafe by 0.9% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,315 shares of the insurance provider’s stock valued at $644,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.
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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