AMERISAFE (NASDAQ:AMSF) Sets New 12-Month Low at $43.50

Shares of AMERISAFE, Inc. (NASDAQ:AMSFGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $43.50 and last traded at $43.50, with a volume of 3923 shares traded. The stock had previously closed at $43.96.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. TheStreet raised AMERISAFE from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. JMP Securities restated a “market outperform” rating and issued a $65.00 price target on shares of AMERISAFE in a report on Monday, April 15th. Finally, StockNews.com raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th.

Read Our Latest Stock Report on AMSF

AMERISAFE Stock Performance

The firm has a market capitalization of $829.53 million, a price-to-earnings ratio of 13.50 and a beta of 0.35. The business has a fifty day moving average price of $47.42 and a 200 day moving average price of $48.58.

AMERISAFE (NASDAQ:AMSFGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $80.49 million during the quarter, compared to the consensus estimate of $75.22 million. AMERISAFE had a return on equity of 16.76% and a net margin of 19.97%. During the same quarter in the previous year, the business earned $0.83 earnings per share. On average, analysts expect that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 14th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, June 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.41%. AMERISAFE’s dividend payout ratio (DPR) is 46.11%.

Institutional Investors Weigh In On AMERISAFE

Institutional investors and hedge funds have recently modified their holdings of the stock. Illinois Municipal Retirement Fund raised its stake in shares of AMERISAFE by 2.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,967 shares of the insurance provider’s stock valued at $513,000 after purchasing an additional 314 shares during the period. EntryPoint Capital LLC grew its stake in shares of AMERISAFE by 22.0% during the first quarter. EntryPoint Capital LLC now owns 2,082 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 376 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of AMERISAFE by 0.4% during the third quarter. Eagle Asset Management Inc. now owns 104,820 shares of the insurance provider’s stock valued at $5,248,000 after acquiring an additional 465 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of AMERISAFE during the third quarter worth about $34,000. Finally, Values First Advisors Inc. lifted its stake in shares of AMERISAFE by 16.8% in the fourth quarter. Values First Advisors Inc. now owns 4,782 shares of the insurance provider’s stock worth $224,000 after acquiring an additional 689 shares in the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

About AMERISAFE

(Get Free Report)

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.

Further Reading

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