AMERISAFE, Inc. (AMSF) to Issue Quarterly Dividend of $0.41 on June 19th

AMERISAFE, Inc. (NASDAQ:AMSF) announced a quarterly dividend on Tuesday, April 21st. Investors of record on Friday, June 12th will be paid a dividend of 0.41 per share by the insurance provider on Friday, June 19th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, June 12th.

AMERISAFE has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 12 years. AMERISAFE has a payout ratio of 74.5% meaning its dividend is sufficiently covered by earnings. Analysts expect AMERISAFE to earn $2.05 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 80.0%.

AMERISAFE Trading Down 0.8%

NASDAQ:AMSF opened at $31.24 on Wednesday. AMERISAFE has a twelve month low of $29.42 and a twelve month high of $47.86. The company has a market cap of $584.19 million, a price-to-earnings ratio of 12.86 and a beta of 0.24. The stock has a fifty day simple moving average of $31.65 and a 200-day simple moving average of $35.25.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Wednesday, April 22nd. The insurance provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). AMERISAFE had a return on equity of 15.34% and a net margin of 14.27%.The business had revenue of $80.09 million for the quarter, compared to the consensus estimate of $90.49 million. As a group, equities research analysts predict that AMERISAFE will post 2.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on AMSF shares. Weiss Ratings lowered AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. Citizens Jmp cut their target price on AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating on the stock in a research note on Monday, April 13th. Wall Street Zen upgraded AMERISAFE from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Truist Financial decreased their target price on AMERISAFE from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, AMERISAFE currently has an average rating of “Hold” and an average target price of $44.67.

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.