AMERISAFE (NASDAQ:AMSF) Sets New 12-Month Low – Should You Sell?

AMERISAFE, Inc. (NASDAQ:AMSF) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $29.31 and last traded at $29.14, with a volume of 21291 shares changing hands. The stock had previously closed at $30.03.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMSF shares. Truist Financial lowered their price target on shares of AMERISAFE from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Thursday, July 23rd. Wall Street Zen raised AMERISAFE from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Zacks Research cut AMERISAFE from a “hold” rating to a “strong sell” rating in a report on Monday. Weiss Ratings cut AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, Citizens Jmp cut their target price on shares of AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, AMERISAFE currently has a consensus rating of “Hold” and a consensus target price of $44.00.

AMERISAFE Stock Down 2.0%

The firm has a market capitalization of $545.70 million, a PE ratio of 11.87 and a beta of 0.23. The firm’s 50 day moving average price is $32.26 and its two-hundred day moving average price is $33.68.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). AMERISAFE had a return on equity of 14.87% and a net margin of 14.00%.The business had revenue of $91.97 million for the quarter, compared to analyst estimates of $85.09 million. On average, sell-side analysts anticipate that AMERISAFE, Inc. will post 1.97 earnings per share for the current fiscal year.

AMERISAFE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, September 11th. AMERISAFE’s payout ratio is 66.13%.

Hedge Funds Weigh In On AMERISAFE

Several institutional investors and hedge funds have recently bought and sold shares of the business. Clearstead Advisors LLC boosted its holdings in shares of AMERISAFE by 142.4% during the fourth quarter. Clearstead Advisors LLC now owns 657 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 386 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of AMERISAFE by 159.6% during the fourth quarter. Hantz Financial Services Inc. now owns 714 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 439 shares in the last quarter. Parallel Advisors LLC increased its position in AMERISAFE by 5,714.3% in the 1st quarter. Parallel Advisors LLC now owns 814 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 800 shares during the last quarter. Quarry LP lifted its holdings in shares of AMERISAFE by 346.9% during the 3rd quarter. Quarry LP now owns 943 shares of the insurance provider’s stock valued at $41,000 after buying an additional 732 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of AMERISAFE by 148.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,571 shares of the insurance provider’s stock valued at $52,000 after buying an additional 938 shares in the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

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.