Amerisafe, Inc. (NASDAQ:AMSF) Receives $64.00 Consensus PT from Analysts

Shares of Amerisafe, Inc. (NASDAQ:AMSF) have earned an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $64.00.

A number of research analysts have issued reports on AMSF shares. Zacks Investment Research cut Amerisafe from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. BidaskClub raised Amerisafe from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Finally, ValuEngine raised Amerisafe from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th.

NASDAQ AMSF opened at $60.91 on Thursday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 15.58 and a beta of 0.49. Amerisafe has a 12 month low of $50.46 and a 12 month high of $67.96.

Amerisafe (NASDAQ:AMSF) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Amerisafe had a return on equity of 17.34% and a net margin of 19.76%. The business had revenue of $92.97 million during the quarter, compared to the consensus estimate of $93.62 million. On average, equities analysts expect that Amerisafe will post 3.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.25 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. Amerisafe’s payout ratio is 25.91%.

In other news, EVP Vincent J. Gagliano sold 654 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $60.04, for a total transaction of $39,266.16. Following the completion of the transaction, the executive vice president now directly owns 17,492 shares of the company’s stock, valued at $1,050,219.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Neal Andrew Fuller sold 885 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $59.68, for a total value of $52,816.80. Following the transaction, the chief financial officer now directly owns 22,110 shares of the company’s stock, valued at $1,319,524.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,125 shares of company stock valued at $246,441. Insiders own 1.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of AMSF. Ceredex Value Advisors LLC acquired a new position in shares of Amerisafe during the first quarter worth about $11,696,000. Tygh Capital Management Inc. acquired a new position in shares of Amerisafe during the fourth quarter worth about $10,513,000. Eaton Vance Management acquired a new position in shares of Amerisafe during the fourth quarter worth about $6,184,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Amerisafe by 2,030.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 103,665 shares of the insurance provider’s stock worth $6,158,000 after buying an additional 98,799 shares during the period. Finally, Morgan Stanley boosted its position in shares of Amerisafe by 117.2% during the third quarter. Morgan Stanley now owns 138,608 shares of the insurance provider’s stock worth $8,587,000 after buying an additional 74,804 shares during the period.

About Amerisafe

AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.

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