Amerisafe (NASDAQ:AMSF) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Amerisafe (NASDAQ:AMSF) from a sell rating to a hold rating in a research note issued to investors on Saturday morning, BidAskClub reports.

A number of other brokerages have also commented on AMSF. B. Riley lifted their price target on Amerisafe from $75.00 to $81.00 and gave the stock a buy rating in a report on Friday, November 22nd. ValuEngine lowered Amerisafe from a buy rating to a hold rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Amerisafe currently has a consensus rating of Hold and a consensus target price of $76.00.

AMSF stock opened at $68.07 on Friday. Amerisafe has a twelve month low of $53.43 and a twelve month high of $71.99. The stock’s 50 day moving average is $66.44 and its 200-day moving average is $66.39. The firm has a market capitalization of $1.32 billion, a PE ratio of 16.89 and a beta of 0.48.

Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings results on Thursday, October 31st. The insurance provider reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.32. The business had revenue of $91.13 million for the quarter, compared to analyst estimates of $90.48 million. Amerisafe had a return on equity of 17.50% and a net margin of 20.77%. On average, research analysts expect that Amerisafe will post 3.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.47%. Amerisafe’s dividend payout ratio (DPR) is currently 25.91%.

In other Amerisafe news, Director Randy Roach sold 500 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $70.05, for a total value of $35,025.00. Following the completion of the sale, the director now directly owns 8,737 shares of the company’s stock, valued at $612,026.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO G. Janelle Frost sold 1,625 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $70.02, for a total value of $113,782.50. Following the completion of the sale, the chief executive officer now directly owns 58,873 shares of the company’s stock, valued at $4,122,287.46. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC increased its position in Amerisafe by 107.7% in the second quarter. Nuveen Asset Management LLC now owns 589,141 shares of the insurance provider’s stock worth $37,570,000 after buying an additional 305,542 shares during the last quarter. GW&K Investment Management LLC increased its position in Amerisafe by 8.3% in the third quarter. GW&K Investment Management LLC now owns 493,210 shares of the insurance provider’s stock worth $32,606,000 after buying an additional 37,850 shares during the last quarter. Northern Trust Corp increased its position in Amerisafe by 1.1% in the second quarter. Northern Trust Corp now owns 488,127 shares of the insurance provider’s stock worth $31,127,000 after buying an additional 5,142 shares during the last quarter. Invesco Ltd. increased its position in Amerisafe by 16.4% in the second quarter. Invesco Ltd. now owns 363,112 shares of the insurance provider’s stock worth $23,155,000 after buying an additional 51,129 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Amerisafe by 4.8% in the second quarter. Schroder Investment Management Group now owns 358,651 shares of the insurance provider’s stock worth $22,871,000 after buying an additional 16,471 shares during the last quarter.

Amerisafe Company Profile

AMERISAFE, Inc, an insurance holding company, underwrites 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 provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.

Read More: Percentage Gainers

Receive News & Ratings for Amerisafe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerisafe and related companies with MarketBeat.com's FREE daily email newsletter.