AMERISAFE, Inc. (AMSF) To Go Ex-Dividend on September 11th

AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, September 11th will be given a dividend of 0.41 per share by the insurance provider on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, September 11th.

AMERISAFE has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. AMERISAFE has a dividend payout ratio of 74.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AMERISAFE to earn $1.93 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 85.0%.

AMERISAFE Stock Down 4.2%

Shares of NASDAQ AMSF opened at $24.90 on Wednesday. AMERISAFE has a 52-week low of $24.82 and a 52-week high of $46.53. The firm has a fifty day moving average of $29.77 and a 200-day moving average of $31.48. The stock has a market capitalization of $461.65 million, a PE ratio of 10.04 and a beta of 0.23.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on AMSF shares. Truist Financial dropped their price target on AMERISAFE from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings cut AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Wall Street Zen upgraded shares of AMERISAFE from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Zacks Research cut shares of AMERISAFE from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $44.00.

About AMERISAFE

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.