AMERISAFE (NASDAQ:AMSF) Hits New 52-Week Low – Here’s Why

AMERISAFE, Inc. (NASDAQ:AMSF) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $27.02 and last traded at $27.2450, with a volume of 25974 shares. The stock had previously closed at $27.65.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings lowered AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of AMERISAFE from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Zacks Research cut shares of AMERISAFE from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Finally, Truist Financial dropped their target price 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. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, AMERISAFE currently has an average rating of “Hold” and a consensus target price of $44.00.

AMERISAFE Stock Performance

The business has a 50-day moving average of $31.77 and a 200-day moving average of $32.92. The stock has a market capitalization of $495.04 million, a price-to-earnings ratio of 10.77 and a beta of 0.24.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $91.97 million during the quarter, compared to analysts’ expectations of $85.09 million. AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%. On average, research analysts predict that AMERISAFE, Inc. will post 1.97 earnings per share for the current fiscal year.

AMERISAFE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, September 11th. AMERISAFE’s payout ratio is presently 66.13%.

Institutional Trading of AMERISAFE

A number of large investors have recently bought and sold shares of AMSF. Bank of America Corp DE acquired a new position in AMERISAFE in the second quarter valued at $18,755,000. Jupiter Topco LLC purchased a new position in shares of AMERISAFE during the second quarter worth about $286,000. Hsbc Holdings PLC acquired a new position in AMERISAFE in the 2nd quarter valued at about $206,000. Palisade Capital Management LP purchased a new stake in AMERISAFE during the 2nd quarter valued at approximately $3,145,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of AMERISAFE during the second quarter worth approximately $244,000. Institutional investors and hedge funds 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.