AMERISAFE (NASDAQ:AMSF) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of AMERISAFE (NASDAQ:AMSF – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the insurance provider’s stock.

Several other research firms have also recently weighed in on AMSF. Janney Montgomery Scott started coverage on shares of AMERISAFE in a research report on Friday, February 24th. They set a “neutral” rating and a $58.00 price objective on the stock. TheStreet upgraded shares of AMERISAFE from a “c+” rating to a “b-” rating in a research report on Wednesday, February 22nd.

AMERISAFE Stock Performance

NASDAQ AMSF opened at $49.51 on Thursday. AMERISAFE has a twelve month low of $44.72 and a twelve month high of $60.49. The stock has a market cap of $948.61 million, a price-to-earnings ratio of 17.19 and a beta of 0.34. The firm’s 50 day moving average price is $53.29 and its two-hundred day moving average price is $52.16.

AMERISAFE (NASDAQ:AMSF – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The insurance provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.19. AMERISAFE had a net margin of 18.86% and a return on equity of 16.12%. The firm had revenue of $79.76 million for the quarter, compared to analysts’ expectations of $73.59 million. On average, research analysts forecast that AMERISAFE will post 2.59 EPS for the current fiscal year.

Hedge Funds Weigh In On AMERISAFE

Several institutional investors and hedge funds have recently modified their holdings of AMSF. Point72 Hong Kong Ltd purchased a new position in shares of AMERISAFE during the 2nd quarter valued at $35,000. Quadrant Capital Group LLC boosted its holdings in AMERISAFE by 256.7% in the third quarter. Quadrant Capital Group LLC now owns 824 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 593 shares in the last quarter. Point72 Middle East FZE bought a new stake in AMERISAFE in the fourth quarter worth $48,000. UBS Group AG boosted its holdings in AMERISAFE by 248.5% in the third quarter. UBS Group AG now owns 1,150 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 820 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in AMERISAFE by 30.9% in the first quarter. Captrust Financial Advisors now owns 2,671 shares of the insurance provider’s stock worth $133,000 after purchasing an additional 631 shares in the last quarter. 97.54% of the stock is currently owned by hedge funds and other institutional investors.

About AMERISAFE

(Get Rating)

AMERISAFE, Inc engages the provision of workers’ compensation insurance focused on small to mid-sized employers. The firm covers the construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime industries. The company was founded by Millard E. Morris in 1985 and is headquartered in DeRidder, LA.