Somewhat Positive Media Coverage Somewhat Unlikely to Impact Amerisafe (AMSF) Stock Price

Press coverage about Amerisafe (NASDAQ:AMSF) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Amerisafe earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the insurance provider an impact score of 45.7369843079308 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

AMSF stock opened at $55.70 on Friday. Amerisafe has a twelve month low of $51.20 and a twelve month high of $67.82. The company has a market cap of $1,070.07, a price-to-earnings ratio of 18.08 and a beta of 0.83.

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Amerisafe (NASDAQ:AMSF) last announced its earnings results on Monday, February 26th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.13). The business had revenue of $94.94 million for the quarter, compared to analysts’ expectations of $92.71 million. Amerisafe had a return on equity of 12.69% and a net margin of 12.32%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share. sell-side analysts expect that Amerisafe will post 3.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, March 8th. This is a positive change from Amerisafe’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.58%. Amerisafe’s dividend payout ratio (DPR) is 28.57%.

A number of research firms have weighed in on AMSF. Keefe, Bruyette & Woods began coverage on shares of Amerisafe in a report on Thursday, April 5th. They set a “market perform” rating and a $54.00 price objective on the stock. Zacks Investment Research cut shares of Amerisafe from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 6th. ValuEngine raised shares of Amerisafe from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a report on Tuesday, February 27th. Finally, BidaskClub cut shares of Amerisafe from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $63.00.

In other news, EVP Vincent J. Gagliano sold 820 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $55.22, for a total transaction of $45,280.40. Following the transaction, the executive vice president now directly owns 16,680 shares in the company, valued at $921,069.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathryn Housh Shirley sold 691 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $55.52, for a total transaction of $38,364.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,432 shares of company stock worth $578,872. Insiders own 2.20% of the company’s stock.

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About Amerisafe

AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.

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