Amerisafe (AMSF) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Amerisafe (NASDAQ:AMSF) from a buy rating to a hold rating in a research note released on Wednesday.

A number of other equities analysts have also recently commented on the company. BidaskClub upgraded Amerisafe from a hold rating to a buy rating in a report on Wednesday, October 24th. Boenning Scattergood reiterated a hold rating on shares of Amerisafe in a report on Thursday, October 25th. Finally, Zacks Investment Research upgraded Amerisafe from a hold rating to a buy rating and set a $71.00 target price for the company in a report on Wednesday, October 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $66.33.

NASDAQ AMSF opened at $54.80 on Wednesday. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 17.79 and a beta of 0.54. Amerisafe has a 1-year low of $50.46 and a 1-year high of $67.96.

Amerisafe (NASDAQ:AMSF) last released its quarterly earnings results on Wednesday, October 24th. The insurance provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.26. The business had revenue of $93.28 million during the quarter, compared to analysts’ expectations of $94.39 million. Amerisafe had a return on equity of 15.21% and a net margin of 14.15%. As a group, equities research analysts expect that Amerisafe will post 3.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Thursday, December 13th. Amerisafe’s dividend payout ratio (DPR) is presently 28.57%.

In other Amerisafe news, CEO G. Janelle Frost sold 1,623 shares of Amerisafe stock in a transaction on Monday, November 5th. The stock was sold at an average price of $64.41, for a total transaction of $104,537.43. Following the completion of the sale, the chief executive officer now directly owns 59,603 shares of the company’s stock, valued at approximately $3,839,029.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in Amerisafe by 4.7% during the 2nd quarter. Bank of America Corp DE now owns 126,124 shares of the insurance provider’s stock valued at $7,283,000 after purchasing an additional 5,718 shares in the last quarter. Standard Life Aberdeen plc raised its position in shares of Amerisafe by 6.4% in the 3rd quarter. Standard Life Aberdeen plc now owns 509,320 shares of the insurance provider’s stock worth $31,578,000 after acquiring an additional 30,558 shares in the last quarter. Copeland Capital Management LLC raised its position in shares of Amerisafe by 7.2% in the 3rd quarter. Copeland Capital Management LLC now owns 191,812 shares of the insurance provider’s stock worth $11,883,000 after acquiring an additional 12,929 shares in the last quarter. Granite Investment Partners LLC raised its position in shares of Amerisafe by 4.0% in the 3rd quarter. Granite Investment Partners LLC now owns 174,030 shares of the insurance provider’s stock worth $10,782,000 after acquiring an additional 6,628 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Amerisafe by 29.2% in the 3rd quarter. Citadel Advisors LLC now owns 68,127 shares of the insurance provider’s stock worth $4,221,000 after acquiring an additional 15,378 shares in the last quarter.

Amerisafe Company Profile

AMERISAFE, Inc, an insurance holding company, provides 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 serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.

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