AMERISAFE (NASDAQ:AMSF) Share Price Passes Above 200-Day Moving Average of $50.73

AMERISAFE, Inc. (NASDAQ:AMSFGet Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.73 and traded as high as $52.47. AMERISAFE shares last traded at $51.36, with a volume of 58,726 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on AMERISAFE in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

AMERISAFE Stock Down 1.0 %

The firm has a 50 day moving average of $53.88 and a 200 day moving average of $50.73. The firm has a market cap of $983.85 million, a PE ratio of 25.94 and a beta of 0.34.

AMERISAFE (NASDAQ:AMSFGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The insurance provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.58 by $0.15. AMERISAFE had a return on equity of 11.12% and a net margin of 13.08%. The business had revenue of $74.88 million for the quarter, compared to the consensus estimate of $72.33 million. On average, research analysts anticipate that AMERISAFE, Inc. will post 2.88 EPS for the current year.

AMERISAFE Increases Dividend

The business also recently announced a None dividend, which was paid on Friday, December 16th. Shareholders of record on Friday, December 2nd were given a dividend of $4.31 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a dividend yield of 2.1%. This is an increase from AMERISAFE’s previous None dividend of $4.00. AMERISAFE’s dividend payout ratio is currently 62.63%.

Institutional Investors Weigh In On AMERISAFE

Several institutional investors have recently made changes to their positions in AMSF. ProShare Advisors LLC lifted its position in shares of AMERISAFE by 3,805.8% during the second quarter. ProShare Advisors LLC now owns 166,817 shares of the insurance provider’s stock worth $8,676,000 after acquiring an additional 162,546 shares in the last quarter. Millennium Management LLC lifted its position in shares of AMERISAFE by 686.6% during the second quarter. Millennium Management LLC now owns 181,012 shares of the insurance provider’s stock worth $9,414,000 after acquiring an additional 158,001 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of AMERISAFE by 27.8% during the second quarter. Goldman Sachs Group Inc. now owns 679,183 shares of the insurance provider’s stock worth $35,325,000 after acquiring an additional 147,618 shares in the last quarter. Bank of America Corp DE lifted its position in shares of AMERISAFE by 11.7% during the first quarter. Bank of America Corp DE now owns 581,795 shares of the insurance provider’s stock worth $28,898,000 after acquiring an additional 60,888 shares in the last quarter. Finally, Eaton Vance Management lifted its position in shares of AMERISAFE by 15.8% during the first quarter. Eaton Vance Management now owns 435,034 shares of the insurance provider’s stock worth $21,609,000 after acquiring an additional 59,227 shares in the last quarter. Hedge funds and other institutional investors own 97.54% of the company’s stock.

AMERISAFE Company Profile

(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.

Recommended Stories

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.