AMERISAFE (AMSF) Getting Somewhat Positive Press Coverage, Report Finds
Media stories about AMERISAFE (NASDAQ:AMSF) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AMERISAFE earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 45.8287946577364 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
AMERISAFE (NASDAQ AMSF) traded up $0.05 during trading on Wednesday, hitting $65.40. 48,146 shares of the stock were exchanged, compared to its average volume of 88,544. AMERISAFE has a fifty-two week low of $51.20 and a fifty-two week high of $69.40. The stock has a market capitalization of $1,238.35, a price-to-earnings ratio of 18.71 and a beta of 0.89.
AMERISAFE (NASDAQ:AMSF) last released its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.08. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The business had revenue of $92.90 million during the quarter, compared to analyst estimates of $92.04 million. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. sell-side analysts anticipate that AMERISAFE will post 3.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, December 13th. AMERISAFE’s payout ratio is 23.81%.
A number of research firms have recently issued reports on AMSF. B. Riley reaffirmed a “buy” rating on shares of AMERISAFE in a report on Monday, November 6th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $69.00 target price on shares of AMERISAFE in a report on Friday, October 27th. Boenning Scattergood reaffirmed a “hold” rating on shares of AMERISAFE in a report on Thursday, October 26th. FBR & Co reaffirmed a “buy” rating on shares of AMERISAFE in a report on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of AMERISAFE from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Monday, September 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $66.00.
In other news, CFO Neal Andrew Fuller sold 1,850 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $56.94, for a total transaction of $105,339.00. Following the transaction, the chief financial officer now owns 23,210 shares of the company’s stock, valued at approximately $1,321,577.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO G. Janelle Frost sold 1,728 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $66.74, for a total transaction of $115,326.72. Following the transaction, the chief executive officer now directly owns 54,322 shares in the company, valued at approximately $3,625,450.28. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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