Several other brokerages have also issued reports on AMSF. Zacks Investment Research upgraded Amerisafe from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Tuesday, January 29th. ValuEngine upgraded Amerisafe from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $66.33.
NASDAQ AMSF traded up $0.31 on Tuesday, reaching $60.91. 48,787 shares of the stock traded hands, compared to its average volume of 62,913. The firm has a market cap of $1.17 billion, a P/E ratio of 15.78 and a beta of 0.49. Amerisafe has a 12 month low of $50.46 and a 12 month high of $67.96.
Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. The firm had revenue of $92.97 million during the quarter, compared to analyst estimates of $93.62 million. Amerisafe had a return on equity of 17.34% and a net margin of 19.76%. On average, analysts predict that Amerisafe will post 3.23 EPS for the current year.
In other Amerisafe news, CFO Neal Andrew Fuller sold 885 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $59.68, for a total transaction of $52,816.80. Following the completion of the transaction, the chief financial officer now owns 22,110 shares in the company, valued at $1,319,524.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO G. Janelle Frost sold 2,586 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $59.69, for a total transaction of $154,358.34. Following the transaction, the chief executive officer now owns 63,084 shares of the company’s stock, valued at approximately $3,765,483.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,125 shares of company stock worth $246,441. 1.70% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of AMSF. Bank of New York Mellon Corp raised its stake in shares of Amerisafe by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 302,412 shares of the insurance provider’s stock valued at $18,735,000 after acquiring an additional 7,047 shares during the last quarter. Man Group plc raised its position in Amerisafe by 106.9% in the 3rd quarter. Man Group plc now owns 12,199 shares of the insurance provider’s stock worth $756,000 after purchasing an additional 6,302 shares during the last quarter. Legal & General Group Plc grew its holdings in Amerisafe by 8.4% during the 3rd quarter. Legal & General Group Plc now owns 41,138 shares of the insurance provider’s stock worth $2,538,000 after acquiring an additional 3,184 shares during the period. Morgan Stanley grew its holdings in Amerisafe by 117.2% during the 3rd quarter. Morgan Stanley now owns 138,608 shares of the insurance provider’s stock worth $8,587,000 after acquiring an additional 74,804 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Amerisafe by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,136,219 shares of the insurance provider’s stock worth $70,389,000 after acquiring an additional 10,363 shares during the period.
Amerisafe Company Profile
AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.
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