Amerisafe, Inc. (NASDAQ:AMSF) – Equities research analysts at B. Riley issued their Q2 2018 earnings per share estimates for Amerisafe in a research report issued on Thursday, June 28th. B. Riley analyst R. Binner anticipates that the insurance provider will earn $0.78 per share for the quarter. B. Riley also issued estimates for Amerisafe’s Q3 2018 earnings at $0.78 EPS, Q4 2018 earnings at $0.83 EPS, Q1 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.81 EPS and Q4 2019 earnings at $0.89 EPS.
Several other brokerages also recently commented on AMSF. Keefe, Bruyette & Woods started coverage on shares of Amerisafe in a research report on Thursday, April 5th. They issued a “market perform” rating and a $54.00 price target for the company. BidaskClub upgraded shares of Amerisafe from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th. TheStreet downgraded shares of Amerisafe from a “b” rating to a “c+” rating in a research report on Thursday, March 22nd. Boenning Scattergood restated a “hold” rating on shares of Amerisafe in a research report on Thursday, April 26th. Finally, ValuEngine upgraded shares of Amerisafe from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $62.67.
Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, April 25th. The insurance provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.09. The business had revenue of $94.60 million during the quarter, compared to the consensus estimate of $92.52 million. Amerisafe had a net margin of 13.14% and a return on equity of 13.55%.
A number of hedge funds have recently added to or reduced their stakes in AMSF. Elkfork Partners LLC purchased a new stake in Amerisafe in the 4th quarter worth approximately $162,000. Marco Investment Management LLC purchased a new stake in Amerisafe in the 4th quarter worth approximately $206,000. Jefferies Group LLC acquired a new position in shares of Amerisafe during the 4th quarter worth $216,000. SG Americas Securities LLC acquired a new position in shares of Amerisafe during the 1st quarter worth $272,000. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Amerisafe during the 1st quarter worth $296,000.
In other Amerisafe news, CEO G. Janelle Frost sold 685 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $60.10, for a total value of $41,168.50. Following the completion of the sale, the chief executive officer now owns 61,911 shares in the company, valued at approximately $3,720,851.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.
The business also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Shareholders of record on Friday, June 8th were given a $0.22 dividend. The ex-dividend date was Thursday, June 7th. This represents a $0.88 dividend on an annualized basis and a yield of 1.49%. Amerisafe’s payout ratio is 28.57%.
AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.
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