AMERISAFE (NASDAQ:AMSF) Issues Earnings Results

AMERISAFE (NASDAQ:AMSF) announced its earnings results on Wednesday. The insurance provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.06), FiscalAI reports. AMERISAFE had a return on equity of 16.94% and a net margin of 16.12%.The company had revenue of $81.59 million for the quarter, compared to the consensus estimate of $80.05 million.

AMERISAFE Stock Down 1.0%

Shares of AMSF traded down $0.36 during trading hours on Wednesday, hitting $36.89. 220,391 shares of the company were exchanged, compared to its average volume of 156,929. The company has a market cap of $697.96 million, a price-to-earnings ratio of 14.13 and a beta of 0.35. AMERISAFE has a fifty-two week low of $36.23 and a fifty-two week high of $53.27. The firm’s fifty day moving average is $38.09 and its 200 day moving average is $40.90.

Institutional Investors Weigh In On AMERISAFE

A number of large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AMERISAFE by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,313 shares of the insurance provider’s stock worth $594,000 after purchasing an additional 471 shares in the last quarter. Swiss National Bank boosted its position in shares of AMERISAFE by 1.4% during the fourth quarter. Swiss National Bank now owns 37,400 shares of the insurance provider’s stock valued at $1,437,000 after buying an additional 500 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in AMERISAFE by 7.9% during the third quarter. Envestnet Asset Management Inc. now owns 7,836 shares of the insurance provider’s stock worth $344,000 after buying an additional 573 shares in the last quarter. Royal Bank of Canada grew its holdings in AMERISAFE by 18.9% during the fourth quarter. Royal Bank of Canada now owns 3,846 shares of the insurance provider’s stock worth $147,000 after buying an additional 610 shares in the last quarter. Finally, Engineers Gate Manager LP raised its position in AMERISAFE by 3.3% in the 2nd quarter. Engineers Gate Manager LP now owns 19,074 shares of the insurance provider’s stock valued at $834,000 after buying an additional 613 shares during the last quarter. 97.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMSF shares. Citizens Jmp cut their price objective on shares of AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating for the company in a research report on Friday, January 16th. Morgan Stanley set a $55.00 target price on AMERISAFE in a research note on Friday, January 16th. Wall Street Zen raised AMERISAFE from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AMERISAFE in a report on Monday, December 29th. Finally, Citigroup reissued a “market outperform” rating on shares of AMERISAFE in a report on Friday, January 16th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, AMERISAFE has an average rating of “Moderate Buy” and an average price target of $53.33.

AMERISAFE Company Profile

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.