Amerisafe, Inc. (NASDAQ:AMSF) Announces Dividend of $3.50

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Amerisafe, Inc. (NASDAQ:AMSF) announced a dividend on Tuesday, October 29th, Fidelity reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 3.50 per share by the insurance provider on Wednesday, November 20th. The ex-dividend date of this dividend is Tuesday, November 12th.

Shares of NASDAQ:AMSF opened at $70.12 on Friday. Amerisafe has a 52-week low of $50.46 and a 52-week high of $71.99. The company has a market capitalization of $1.36 billion, a P/E ratio of 18.17 and a beta of 0.44. The stock’s fifty day simple moving average is $65.94 and its 200-day simple moving average is $64.19.

Amerisafe (NASDAQ:AMSF) last posted its earnings results on Thursday, October 31st. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.32. Amerisafe had a return on equity of 17.50% and a net margin of 20.77%. The business had revenue of $91.13 million during the quarter, compared to analyst estimates of $90.48 million. Sell-side analysts forecast that Amerisafe will post 3.6 EPS for the current year.

In other Amerisafe news, Director Randy Roach sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $70.05, for a total transaction of $35,025.00. Following the completion of the sale, the director now owns 8,737 shares in the company, valued at approximately $612,026.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Neal Andrew Fuller sold 2,872 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $66.30, for a total value of $190,413.60. Following the transaction, the chief financial officer now directly owns 18,353 shares in the company, valued at approximately $1,216,803.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,997 shares of company stock valued at $339,221. 1.70% of the stock is owned by insiders.

AMSF has been the subject of a number of recent analyst reports. ValuEngine lowered Amerisafe from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. B. Riley set a $75.00 price objective on Amerisafe and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BidaskClub upgraded Amerisafe from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Amerisafe currently has a consensus rating of “Hold” and an average target price of $73.00.

About Amerisafe

AMERISAFE, Inc, an insurance holding company, underwrites 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 provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.

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Dividend History for Amerisafe (NASDAQ:AMSF)

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