AMERISAFE (NASDAQ:AMSF) Rating Increased to Hold at Wall Street Zen

AMERISAFE (NASDAQ:AMSF) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also issued reports on AMSF. Morgan Stanley set a $55.00 target price on shares of AMERISAFE in a research note on Friday, January 16th. Citigroup reiterated a “market outperform” rating on shares of AMERISAFE in a report on Friday, January 16th. JMP Securities reduced their target price on AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AMERISAFE in a research note on Monday, December 29th. Finally, Citizens Jmp cut their price target on AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating on the stock in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.00.

AMERISAFE Price Performance

Shares of AMERISAFE stock opened at $37.61 on Friday. The stock’s 50-day moving average is $38.47 and its 200 day moving average is $41.74. AMERISAFE has a one year low of $36.23 and a one year high of $53.27. The firm has a market cap of $711.58 million, a price-to-earnings ratio of 14.41 and a beta of 0.36.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $71.29 million for the quarter, compared to analyst estimates of $78.29 million. AMERISAFE had a return on equity of 16.94% and a net margin of 16.12%. On average, sell-side analysts expect that AMERISAFE will post 2.45 EPS for the current fiscal year.

Insider Transactions at AMERISAFE

In other AMERISAFE news, CFO Anastasios Omiridis sold 1,247 shares of AMERISAFE stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $40.21, for a total transaction of $50,141.87. Following the completion of the transaction, the chief financial officer owned 2,539 shares in the company, valued at approximately $102,093.19. The trade was a 32.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.61% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of AMERISAFE by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,888 shares of the insurance provider’s stock valued at $214,000 after acquiring an additional 332 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of AMERISAFE by 0.4% in the second quarter. New York State Common Retirement Fund now owns 87,449 shares of the insurance provider’s stock worth $3,824,000 after purchasing an additional 334 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in AMERISAFE by 2.2% in the third 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 in the last quarter. GAMMA Investing LLC lifted its position in AMERISAFE by 38.6% during the third 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. grew 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 worth $594,000 after buying an additional 471 shares in the last quarter. Institutional investors own 97.41% of the company’s stock.

About AMERISAFE

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.