Amerisafe, Inc. Declares Dividend of $0.25 (NASDAQ:AMSF)

Amerisafe, Inc. (NASDAQ:AMSF) declared a dividend on Tuesday, October 29th, Fidelity reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.25 per share by the insurance provider on Friday, December 27th. The ex-dividend date of this dividend is Thursday, December 12th.

Shares of AMSF stock traded down $0.42 during trading hours on Tuesday, reaching $66.86. 3,569 shares of the company’s stock were exchanged, compared to its average volume of 84,911. Amerisafe has a fifty-two week low of $50.46 and a fifty-two week high of $71.99. The stock’s 50 day moving average is $66.51 and its 200-day moving average is $65.30. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 17.36 and a beta of 0.48.

Amerisafe (NASDAQ:AMSF) last posted its quarterly earnings data on Thursday, October 31st. The insurance provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.32. Amerisafe had a return on equity of 17.50% and a net margin of 20.77%. The firm had revenue of $91.13 million during the quarter, compared to analysts’ expectations of $90.48 million. On average, equities research analysts forecast that Amerisafe will post 3.7 EPS for the current fiscal year.

In other Amerisafe news, CEO G. Janelle Frost sold 1,625 shares of Amerisafe stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $70.02, for a total transaction of $113,782.50. Following the completion of the sale, the chief executive officer now owns 58,873 shares of the company’s stock, valued at approximately $4,122,287.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Randy Roach sold 500 shares of Amerisafe stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $70.05, for a total value of $35,025.00. Following the sale, the director now directly owns 8,737 shares of the company’s stock, valued at approximately $612,026.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,997 shares of company stock worth $339,221. 1.70% of the stock is owned by insiders.

A number of equities research analysts have commented on AMSF shares. BidaskClub upgraded Amerisafe from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. ValuEngine lowered Amerisafe from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, B. Riley upped their price objective on shares of Amerisafe from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $76.00.

Amerisafe Company Profile

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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Dividend History for Amerisafe (NASDAQ:AMSF)

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