AMERISAFE (NASDAQ:AMSF) Raised to “Hold” at Wall Street Zen

AMERISAFE (NASDAQ:AMSF) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Monday, Wall Street Zen reports.

Several other analysts have also recently weighed in on the company. Zacks Research raised AMERISAFE from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Weiss Ratings lowered shares of AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Finally, Truist Financial reduced their target price on shares of AMERISAFE from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, AMERISAFE presently has a consensus rating of “Hold” and a consensus target price of $35.67.

AMERISAFE Stock Performance

Shares of AMSF opened at $24.65 on Monday. The firm has a market capitalization of $457.01 million, a price-to-earnings ratio of 12.48 and a beta of 0.24. AMERISAFE has a 52 week low of $23.20 and a 52 week high of $42.22. The business’s fifty day moving average price is $25.57 and its two-hundred day moving average price is $29.75.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). The firm had revenue of $91.97 million for the quarter, compared to analyst estimates of $85.09 million. AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%. As a group, research analysts forecast that AMERISAFE will post 1.97 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new stake in shares of AMERISAFE in the 2nd quarter valued at $26,000. Parallel Advisors LLC raised its stake in AMERISAFE by 5,714.3% during the 1st quarter. Parallel Advisors LLC now owns 814 shares of the insurance provider’s stock worth $27,000 after buying an additional 800 shares during the period. Allworth Financial LP bought a new position in AMERISAFE during the second quarter worth about $38,000. Quantbot Technologies LP bought a new position in AMERISAFE during the second quarter worth about $49,000. Finally, Integrated Wealth Concepts LLC bought a new position in AMERISAFE during the second quarter worth about $50,000. 97.41% of the stock is currently owned by institutional investors.

Key Stories Impacting AMERISAFE

Here are the key news stories impacting AMERISAFE this week:

• Positive Sentiment: Citizens JMP maintained a “market outperform” rating on AMERISAFE while trimming its price target to $40 from $42. The revised target still implies substantial upside from recent trading levels. AMERISAFE Stock Gets Price Target Trim from Citizens JMP
• Positive Sentiment: Analysts’ consensus price target was reported at $44, suggesting expectations for meaningful appreciation despite recent weakness. AMERISAFE Consensus Target Price
• Neutral Sentiment: Wall Street Zen upgraded AMERISAFE to “hold,” indicating a more balanced view rather than a strong bullish or bearish recommendation. AMERISAFE Upgraded to Hold
• Negative Sentiment: Truist lowered its price target sharply to $27 from $32 and retained a “hold” rating. Although the new target represents approximately 9.5% potential upside, the cut signals reduced near-term expectations and is the clearest negative catalyst for the stock. Truist Adjusts Price Target on AMERISAFE

About AMERISAFE

AMERISAFE, Inc (NASDAQ: AMSF) is a specialty workers’ compensation insurance company serving small and midsize employers in industries with elevated workplace risks. The company provides coverage designed to help businesses manage the costs associated with work-related injuries and occupational illnesses.

Its primary markets include construction, trucking, logging, agriculture, maritime operations, oil and gas, and other hazardous industries. In addition to insurance coverage, AMERISAFE emphasizes workplace safety, risk management, claims handling and return-to-work support to help policyholders reduce accidents and manage employee injuries.

Headquartered in DeRidder, Louisiana, AMERISAFE has historically focused on selected U.S.