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) 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.
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