FY2018 Earnings Forecast for AMERISAFE, Inc. Issued By Boenning Scattergood (AMSF)

AMERISAFE, Inc. (NASDAQ:AMSF) – Analysts at Boenning Scattergood lifted their FY2018 EPS estimates for shares of AMERISAFE in a report released on Thursday. Boenning Scattergood analyst R. Farnam now expects that the insurance provider will post earnings per share of $3.59 for the year, up from their prior estimate of $3.00. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for AMERISAFE’s FY2019 earnings at $3.43 EPS.

Several other research firms have also issued reports on AMSF. Zacks Investment Research upgraded AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Friday, September 1st. FBR & Co reaffirmed a “buy” rating on shares of AMERISAFE in a research report on Wednesday, October 25th. SunTrust Banks reaffirmed a “buy” rating and set a $69.00 price target on shares of AMERISAFE in a research report on Friday, October 27th. Finally, B. Riley reaffirmed a “buy” rating on shares of AMERISAFE in a research report on Monday, November 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $66.00.

AMERISAFE (NASDAQ:AMSF) traded down $0.75 during trading on Monday, hitting $60.00. The company had a trading volume of 83,300 shares, compared to its average volume of 91,094. AMERISAFE has a fifty-two week low of $51.20 and a fifty-two week high of $69.40. The company has a market capitalization of $1,140.00, a PE ratio of 17.86 and a beta of 0.87.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.08. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The firm had revenue of $92.90 million for the quarter, compared to the consensus estimate of $92.04 million. During the same quarter in the previous year, the company earned $0.93 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, December 13th. AMERISAFE’s payout ratio is 23.81%.

In other AMERISAFE news, CEO G. Janelle Frost sold 1,728 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $66.74, for a total transaction of $115,326.72. Following the transaction, the chief executive officer now owns 54,322 shares in the company, valued at approximately $3,625,450.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMSF. American Century Companies Inc. bought a new position in AMERISAFE in the second quarter valued at about $12,471,000. QS Investors LLC raised its position in shares of AMERISAFE by 244.7% during the second quarter. QS Investors LLC now owns 4,901 shares of the insurance provider’s stock worth $279,000 after acquiring an additional 3,479 shares during the last quarter. Aperio Group LLC raised its position in shares of AMERISAFE by 1.2% during the second quarter. Aperio Group LLC now owns 6,727 shares of the insurance provider’s stock worth $383,000 after acquiring an additional 83 shares during the last quarter. Sei Investments Co. raised its position in shares of AMERISAFE by 64.6% during the third quarter. Sei Investments Co. now owns 18,335 shares of the insurance provider’s stock worth $1,068,000 after acquiring an additional 7,195 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of AMERISAFE by 41.4% during the second quarter. Mutual of America Capital Management LLC now owns 44,568 shares of the insurance provider’s stock worth $2,538,000 after acquiring an additional 13,054 shares during the last quarter. 99.53% of the stock is currently owned by institutional investors.

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AMERISAFE Company Profile

Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.

Earnings History and Estimates for AMERISAFE (NASDAQ:AMSF)

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