AMERISAFE, Inc. (NASDAQ:AMSF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of AMERISAFE, Inc. (NASDAQ:AMSF) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $55.00.

Several equities analysts have recently issued reports on AMSF shares. Citizens Jmp lowered their target price on shares of AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating for the company in a report on Friday, January 16th. Citigroup reiterated a “market outperform” rating on shares of AMERISAFE in a research note on Friday, January 16th. JMP Securities reduced their price target on AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating for the company in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AMERISAFE in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st.

AMERISAFE Trading Down 3.7%

AMSF opened at $37.74 on Tuesday. The company has a market cap of $714.04 million, a price-to-earnings ratio of 14.46 and a beta of 0.35. The stock has a fifty day simple moving average of $38.24 and a two-hundred day simple moving average of $41.46. AMERISAFE has a 12-month low of $36.23 and a 12-month high of $53.27.

Insider Activity at AMERISAFE

In other AMERISAFE news, CFO Anastasios Omiridis sold 1,247 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $40.21, for a total value of $50,141.87. Following the transaction, the chief financial officer owned 2,539 shares of the company’s stock, valued at approximately $102,093.19. This represents a 32.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AMERISAFE

A number of institutional investors have recently bought and sold shares of the business. Royce & Associates LP grew its stake in AMERISAFE by 10.0% during the fourth quarter. Royce & Associates LP now owns 611,371 shares of the insurance provider’s stock valued at $23,483,000 after acquiring an additional 55,750 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of AMERISAFE by 142.4% during the fourth quarter. Clearstead Advisors LLC now owns 657 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 386 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of AMERISAFE by 159.6% in the fourth quarter. Hantz Financial Services Inc. now owns 714 shares of the insurance provider’s stock worth $27,000 after buying an additional 439 shares in the last quarter. MQS Management LLC bought a new position in AMERISAFE during the fourth quarter valued at approximately $270,000. Finally, EverSource Wealth Advisors LLC grew its holdings in AMERISAFE by 206.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,129 shares of the insurance provider’s stock valued at $82,000 after buying an additional 1,434 shares in the last quarter. Hedge funds and other 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.