AMERISAFE (NASDAQ:AMSF) Issues Quarterly Earnings Results, Beats Estimates By $0.16 EPS

AMERISAFE (NASDAQ:AMSFGet Rating) posted its quarterly earnings results on Wednesday. The insurance provider reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.16, MarketWatch Earnings reports. AMERISAFE had a net margin of 20.81% and a return on equity of 12.18%. During the same period in the prior year, the firm posted $0.76 EPS.

NASDAQ AMSF opened at $48.57 on Friday. The company has a market capitalization of $940.51 million, a price-to-earnings ratio of 14.33 and a beta of 0.38. The company’s 50-day simple moving average is $47.95 and its two-hundred day simple moving average is $52.46. AMERISAFE has a one year low of $44.06 and a one year high of $67.10.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 17th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Thursday, June 16th. AMERISAFE’s dividend payout ratio (DPR) is 36.58%.

Several institutional investors have recently modified their holdings of AMSF. Millennium Management LLC grew its position in shares of AMERISAFE by 352.3% in the 4th quarter. Millennium Management LLC now owns 165,551 shares of the insurance provider’s stock worth $8,912,000 after buying an additional 128,949 shares during the last quarter. Morgan Stanley grew its position in shares of AMERISAFE by 46.6% in the 3rd quarter. Morgan Stanley now owns 137,338 shares of the insurance provider’s stock worth $7,713,000 after buying an additional 43,667 shares during the last quarter. BlackRock Inc. grew its position in shares of AMERISAFE by 1.4% in the 4th quarter. BlackRock Inc. now owns 3,140,071 shares of the insurance provider’s stock worth $169,030,000 after buying an additional 42,817 shares during the last quarter. State Street Corp grew its position in shares of AMERISAFE by 5.4% in the 4th quarter. State Street Corp now owns 695,846 shares of the insurance provider’s stock worth $37,457,000 after buying an additional 35,953 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of AMERISAFE by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 400,403 shares of the insurance provider’s stock worth $21,553,000 after buying an additional 21,652 shares during the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on AMSF. StockNews.com began coverage on shares of AMERISAFE in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Truist Financial downgraded shares of AMERISAFE from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a research note on Friday, March 4th. Finally, Zacks Investment Research downgraded shares of AMERISAFE from a “hold” rating to a “strong sell” rating and set a $40.00 price target on the stock. in a research note on Tuesday, March 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $53.33.

About AMERISAFE (Get Rating)

AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. The company's workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It serves small to mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.

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Earnings History for AMERISAFE (NASDAQ:AMSF)

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