AMERISAFE (NASDAQ:AMSF) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

AMERISAFE (NASDAQ:AMSF) posted its quarterly earnings data on Monday. The insurance provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03), Yahoo Finance reports. AMERISAFE had a return on equity of 16.27% and a net margin of 18.46%. The company had revenue of $75.83 million for the quarter, compared to analyst estimates of $74.20 million. During the same quarter in the prior year, the company posted $0.73 earnings per share.

AMERISAFE Stock Performance

Shares of AMSF stock traded down $0.36 during trading hours on Wednesday, reaching $47.49. The company had a trading volume of 21,715 shares, compared to its average volume of 129,387. AMERISAFE has a 12-month low of $41.97 and a 12-month high of $54.87. The company has a market capitalization of $908.96 million, a price-to-earnings ratio of 14.91 and a beta of 0.33. The stock has a fifty day moving average of $44.66 and a 200-day moving average of $47.55.

AMERISAFE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, September 6th. AMERISAFE’s dividend payout ratio (DPR) is 46.11%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. JMP Securities reiterated a “market outperform” rating and set a $65.00 price target on shares of AMERISAFE in a research report on Tuesday.

Insiders Place Their Bets

In other news, Director Michael J. Brown acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of $43.52 per share, with a total value of $43,520.00. Following the completion of the acquisition, the director now owns 10,055 shares of the company’s stock, valued at approximately $437,593.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.45% of the stock is currently owned by corporate insiders.

AMERISAFE Company Profile

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.