Amerisafe, Inc. (AMSF) CEO Sells $104,537.43 in Stock

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Amerisafe, Inc. (NASDAQ:AMSF) CEO G. Janelle Frost sold 1,623 shares of Amerisafe stock in a transaction on Monday, November 5th. The shares were sold at an average price of $64.41, for a total transaction of $104,537.43. Following the completion of the sale, the chief executive officer now owns 59,603 shares in the company, valued at approximately $3,839,029.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Amerisafe stock opened at $64.56 on Friday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 20.96 and a beta of 0.52. Amerisafe, Inc. has a 12 month low of $52.00 and a 12 month high of $67.96.

Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings data on Wednesday, October 24th. The insurance provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.75 by $0.26. The business had revenue of $93.28 million during 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%. As a group, equities research analysts forecast that Amerisafe, Inc. will post 3.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, December 13th. Amerisafe’s dividend payout ratio is currently 28.57%.

AMSF has been the topic of several recent analyst reports. BidaskClub upgraded shares of Amerisafe from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. ValuEngine upgraded shares of Amerisafe from a “hold” rating to a “buy” rating in a report on Friday, July 20th. JMP Securities lifted their price target on shares of Amerisafe from $65.00 to $67.00 and gave the company a “market outperform” rating in a report on Thursday, August 2nd. Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a report on Thursday, August 2nd. Finally, Keefe, Bruyette & Woods set a $61.00 price target on shares of Amerisafe and gave the company a “hold” rating in a report on Thursday, August 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Amerisafe currently has an average rating of “Buy” and a consensus target price of $66.33.

A number of institutional investors have recently made changes to their positions in AMSF. Itau Unibanco Holding S.A. purchased a new position in Amerisafe during the second quarter valued at $192,000. Hartford Investment Management Co. purchased a new position in Amerisafe during the second quarter valued at $209,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Amerisafe during the second quarter valued at $235,000. Xact Kapitalforvaltning AB purchased a new position in Amerisafe during the first quarter valued at $296,000. Finally, Engineers Gate Manager LP purchased a new position in Amerisafe during the second quarter valued at $403,000.

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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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