Amerisafe, Inc. Forecasted to Post FY2018 Earnings of $3.60 Per Share (AMSF)

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Amerisafe, Inc. (NASDAQ:AMSF) – SunTrust Banks lifted their FY2018 earnings estimates for shares of Amerisafe in a research note issued on Thursday, October 25th. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will post earnings of $3.60 per share for the year, up from their prior forecast of $3.30.

Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, October 24th. The insurance provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.26. The company had revenue of $93.28 million for the quarter, compared to analyst estimates of $94.39 million. Amerisafe had a return on equity of 15.21% and a net margin of 14.15%.

Several other analysts have also issued reports on the company. Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a report on Thursday, October 25th. BidaskClub upgraded Amerisafe from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Zacks Investment Research upgraded Amerisafe from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Wednesday, October 10th. Keefe, Bruyette & Woods set a $61.00 target price on Amerisafe and gave the stock a “hold” rating in a report on Thursday, August 2nd. Finally, JMP Securities upped their target price on Amerisafe from $65.00 to $67.00 and gave the stock a “market outperform” rating in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $66.33.

AMSF opened at $66.64 on Monday. Amerisafe has a 52-week low of $52.00 and a 52-week high of $67.96. The stock has a market cap of $1.29 billion, a P/E ratio of 21.64 and a beta of 0.70.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. bought a new stake in Amerisafe in the second quarter valued at approximately $192,000. Hartford Investment Management Co. bought a new stake in Amerisafe in the second quarter valued at approximately $209,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Amerisafe in the second quarter valued at approximately $235,000. Xact Kapitalforvaltning AB bought a new stake in Amerisafe in the first quarter valued at approximately $296,000. Finally, Engineers Gate Manager LP bought a new stake in Amerisafe in the second quarter valued at approximately $403,000.

In related news, Director Randy Roach sold 800 shares of the company’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $63.50, for a total transaction of $50,800.00. Following the sale, the director now owns 8,422 shares in the company, valued at $534,797. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Neal Andrew Fuller sold 2,291 shares of the company’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $63.61, for a total value of $145,730.51. Following the sale, the chief financial officer now owns 20,919 shares in the company, valued at approximately $1,330,657.59. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.88 annualized dividend and a yield of 1.32%. Amerisafe’s payout ratio is presently 28.57%.

Amerisafe Company Profile

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.

Read More: Understanding Price to Earnings Ratio (PE)

Earnings History and Estimates for Amerisafe (NASDAQ:AMSF)

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