Amerisafe, Inc. (AMSF) Receives Consensus Rating of “Hold” from Analysts

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Shares of Amerisafe, Inc. (NASDAQ:AMSF) have been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $65.67.

A number of brokerages have commented on AMSF. ValuEngine upgraded Amerisafe from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Boenning Scattergood restated a “hold” rating on shares of Amerisafe in a research note on Thursday, August 2nd. Keefe, Bruyette & Woods set a $61.00 price objective on Amerisafe and gave the stock a “hold” rating in a research note on Thursday, August 2nd. BidaskClub upgraded Amerisafe from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Finally, JMP Securities boosted their price objective on Amerisafe from $65.00 to $67.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 2nd.

Shares of AMSF traded down $0.24 during midday trading on Friday, reaching $61.03. 36,057 shares of the company were exchanged, compared to its average volume of 78,631. The stock has a market cap of $1.19 billion, a PE ratio of 19.81 and a beta of 0.70. Amerisafe has a 1-year low of $52.00 and a 1-year high of $67.82.

Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.17. The company had revenue of $96.42 million for the quarter, compared to analysts’ expectations of $93.11 million. Amerisafe had a return on equity of 14.28% and a net margin of 13.35%. As a group, analysts predict that Amerisafe will post 3.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Thursday, September 6th. Amerisafe’s dividend payout ratio (DPR) is 28.57%.

In related news, CFO Neal Andrew Fuller sold 2,291 shares of the business’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $63.61, for a total value of $145,730.51. Following the transaction, the chief financial officer now owns 20,919 shares in the company, valued at $1,330,657.59. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Randy Roach sold 800 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $63.50, for a total value of $50,800.00. Following the completion of the transaction, the director now owns 8,422 shares in the company, valued at approximately $534,797. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new position in shares of Amerisafe in the second quarter worth about $192,000. Hartford Investment Management Co. acquired a new position in shares of Amerisafe in the second quarter worth about $209,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Amerisafe in the second quarter valued at about $235,000. SG Americas Securities LLC bought a new stake in Amerisafe in the first quarter valued at about $272,000. Finally, Xact Kapitalforvaltning AB bought a new stake in Amerisafe in the first quarter valued at about $296,000.

About Amerisafe

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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Analyst Recommendations for Amerisafe (NASDAQ:AMSF)

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