AMERISAFE (AMSF) Set to Announce Quarterly Earnings on Wednesday

AMERISAFE (NASDAQ:AMSF) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect AMERISAFE to post earnings of $0.66 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, February 21st. The insurance provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.08. AMERISAFE had a return on equity of 17.19% and a net margin of 20.24%. The company had revenue of $73.88 million during the quarter, compared to the consensus estimate of $75.15 million. On average, analysts expect AMERISAFE to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AMERISAFE Price Performance

AMSF opened at $48.85 on Wednesday. AMERISAFE has a fifty-two week low of $45.34 and a fifty-two week high of $57.06. The business has a 50-day moving average of $50.20 and a 200-day moving average of $49.59. The company has a market capitalization of $934.99 million, a PE ratio of 15.12 and a beta of 0.32.

AMERISAFE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, March 7th. This is an increase from AMERISAFE’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.03%. AMERISAFE’s dividend payout ratio (DPR) is 45.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TheStreet raised AMERISAFE from a “c+” rating to a “b-” rating in a report on Monday, March 4th. JMP Securities reissued a “market outperform” rating and set a $65.00 price objective on shares of AMERISAFE in a report on Monday.

Institutional Trading of AMERISAFE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its position in shares of AMERISAFE by 11.8% in the 1st quarter. Raymond James & Associates now owns 40,399 shares of the insurance provider’s stock worth $2,007,000 after acquiring an additional 4,271 shares during the period. Bank of New York Mellon Corp lifted its position in shares of AMERISAFE by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 225,721 shares of the insurance provider’s stock worth $11,211,000 after acquiring an additional 2,010 shares during the period. Citigroup Inc. lifted its position in shares of AMERISAFE by 10.1% in the 1st quarter. Citigroup Inc. now owns 18,842 shares of the insurance provider’s stock worth $936,000 after acquiring an additional 1,725 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of AMERISAFE by 11.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,364 shares of the insurance provider’s stock worth $217,000 after acquiring an additional 444 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of AMERISAFE by 55.2% in the 1st quarter. MetLife Investment Management LLC now owns 10,751 shares of the insurance provider’s stock worth $534,000 after acquiring an additional 3,824 shares during the period. Institutional investors and hedge funds own 97.41% of the company’s stock.

About AMERISAFE

AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.