AMERISAFE (NASDAQ:AMSF) Price Target Lowered to $45.00 at Citizens Jmp

AMERISAFE (NASDAQ:AMSF) had its target price cut by Citizens Jmp from $50.00 to $45.00 in a research note published on Monday morning,Benzinga reports. They currently have a market outperform rating on the insurance provider’s stock.

AMSF has been the subject of several other reports. Morgan Stanley set a $55.00 target price on shares of AMERISAFE in a research report on Friday, January 16th. Weiss Ratings cut shares of AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Citigroup restated a “market outperform” rating on shares of AMERISAFE in a research report on Friday, January 16th. Wall Street Zen cut shares of AMERISAFE from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Finally, Truist Financial dropped their target price on shares of AMERISAFE from $45.00 to $36.00 and set a “hold” rating for the company in a research report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.33.

AMERISAFE Stock Up 1.6%

NASDAQ AMSF opened at $33.63 on Monday. The company has a market capitalization of $632.08 million, a P/E ratio of 13.62 and a beta of 0.31. AMERISAFE has a 12-month low of $32.00 and a 12-month high of $50.07. The firm has a 50-day moving average price of $34.95 and a two-hundred day moving average price of $38.07.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings data on Wednesday, February 25th. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The business had revenue of $81.59 million during the quarter, compared to the consensus estimate of $80.05 million. AMERISAFE had a net margin of 14.86% and a return on equity of 15.89%. Equities analysts expect that AMERISAFE will post 2.45 EPS for the current year.

AMERISAFE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 13th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.64 annualized dividend and a yield of 4.9%. AMERISAFE’s dividend payout ratio is presently 66.40%.

Hedge Funds Weigh In On AMERISAFE

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in AMERISAFE by 2.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,701 shares of the insurance provider’s stock valued at $776,000 after purchasing an additional 377 shares during the last quarter. Clearstead Advisors LLC lifted its stake in AMERISAFE by 142.4% in the 4th quarter. Clearstead Advisors LLC now owns 657 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 386 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in AMERISAFE by 159.6% in the 4th quarter. Hantz Financial Services Inc. now owns 714 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 439 shares during the last quarter. GAMMA Investing LLC lifted its stake in AMERISAFE by 38.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,633 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 455 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in AMERISAFE by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,313 shares of the insurance provider’s stock valued at $594,000 after purchasing an additional 471 shares during the last quarter. Institutional investors own 97.41% of the company’s stock.

AMERISAFE Company Profile

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.