AMERISAFE (NASDAQ:AMSF) Issues Earnings Results
by Scott Moore · The Cerbat GemAMERISAFE (NASDAQ:AMSF – Get Free Report) posted its quarterly earnings data on Wednesday. The insurance provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02), FiscalAI reports. The firm had revenue of $80.09 million during the quarter, compared to analyst estimates of $90.49 million. AMERISAFE had a net margin of 14.86% and a return on equity of 15.89%.
AMERISAFE Trading Down 9.6%
Shares of AMSF opened at $29.96 on Thursday. AMERISAFE has a twelve month low of $29.45 and a twelve month high of $50.07. The firm has a market capitalization of $563.10 million, a P/E ratio of 12.13 and a beta of 0.31. The firm’s 50-day moving average is $34.15 and its two-hundred day moving average is $37.60.
AMERISAFE Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 12th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, June 12th. AMERISAFE’s dividend payout ratio is presently 66.40%.
Institutional Investors Weigh In On AMERISAFE
A number of institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in AMERISAFE by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,313 shares of the insurance provider’s stock worth $594,000 after purchasing an additional 471 shares in the last quarter. Swiss National Bank increased its position in shares of AMERISAFE by 1.4% in the fourth quarter. Swiss National Bank now owns 37,400 shares of the insurance provider’s stock valued at $1,437,000 after buying an additional 500 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of AMERISAFE by 7.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,836 shares of the insurance provider’s stock worth $344,000 after buying an additional 573 shares during the last quarter. Royal Bank of Canada boosted its position in shares of AMERISAFE by 18.9% in the 4th quarter. Royal Bank of Canada now owns 3,846 shares of the insurance provider’s stock worth $147,000 after buying an additional 610 shares in the last quarter. Finally, Engineers Gate Manager LP grew its stake in AMERISAFE by 3.3% in the 2nd quarter. Engineers Gate Manager LP now owns 19,074 shares of the insurance provider’s stock valued at $834,000 after acquiring an additional 613 shares during the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.
Analyst Ratings Changes
AMSF has been the subject of several research reports. Citizens Jmp reduced their price target on shares of AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Citigroup reissued a “market outperform” rating on shares of AMERISAFE in a research report on Friday, January 16th. Wall Street Zen lowered shares of AMERISAFE from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings downgraded shares of AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Finally, Morgan Stanley set a $55.00 price target on AMERISAFE in a report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $45.33.
View Our Latest Stock Analysis on AMERISAFE
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.