AMERISAFE (NASDAQ:AMSF – Get 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 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.
- Get a free copy of the StockNews.com research report on AMERISAFE (AMSF)
- Rogers Communication Stock Should Be Launching Higher
- Iridium Communications Stock is Ready to Return to Orbit
- O’Reilly Automotive Hits A Pothole
- There’s An Institutional Floor In Keurig Dr. Pepper
- Ford Falls Despite Optimistic Outlook
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.