AMERISAFE (NASDAQ:AMSF) Issues Quarterly Earnings Results

AMERISAFE (NASDAQ:AMSF) posted its quarterly earnings results on Wednesday. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07, Zacks reports. The company had revenue of $73.51 million for the quarter, compared to analysts’ expectations of $77.37 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%.

AMERISAFE Stock Performance

Shares of NASDAQ:AMSF opened at $50.94 on Thursday. The firm has a 50 day simple moving average of $50.59 and a 200 day simple moving average of $51.62. The company has a market cap of $970.31 million, a PE ratio of 15.92 and a beta of 0.35. AMERISAFE has a 52 week low of $41.97 and a 52 week high of $60.24.

AMERISAFE Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.06%. AMERISAFE’s dividend payout ratio is 46.25%.

About AMERISAFE

AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.