AMERISAFE (AMSF) Receiving Somewhat Positive News Coverage, Study Finds
Media stories about AMERISAFE (NASDAQ:AMSF) have been trending somewhat positive on Saturday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AMERISAFE earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 46.8120697918004 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- AMERISAFE, Inc. (AMSF) Expected to Post Earnings of $0.83 Per Share (americanbankingnews.com)
- ETFs with exposure to AMERISAFE, Inc. : November 2, 2017 (finance.yahoo.com)
- AMERISAFE, Inc. :AMSF-US: Earnings Analysis: Q3, 2017 By the Numbers : November 1, 2017 (finance.yahoo.com)
- SunTrust Banks Weighs in on AMERISAFE, Inc.’s Q4 2017 Earnings (AMSF) (americanbankingnews.com)
- AMERISAFE, Inc. (AMSF) Stock Rating Reaffirmed by SunTrust Banks, Inc. (americanbankingnews.com)
AMERISAFE (NASDAQ:AMSF) traded up $1.40 during trading on Friday, hitting $66.00. The stock had a trading volume of 111,448 shares, compared to its average volume of 74,939. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 19.17 and a beta of 0.89.
AMERISAFE (NASDAQ:AMSF) last posted its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.79 by $0.08. AMERISAFE had a return on equity of 13.92% and a net margin of 17.07%. The company had revenue of $92.90 million for the quarter, compared to the consensus estimate of $92.04 million. During the same quarter in the prior year, the business earned $0.93 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. sell-side analysts expect that AMERISAFE will post 3.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, December 13th. AMERISAFE’s dividend payout ratio (DPR) is currently 23.81%.
AMSF has been the topic of several research reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $69.00 target price on shares of AMERISAFE in a research report on Friday, October 27th. Boenning Scattergood reaffirmed a “hold” rating on shares of AMERISAFE in a research report on Thursday, October 26th. BidaskClub downgraded AMERISAFE from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. FBR & Co reaffirmed a “buy” rating on shares of AMERISAFE in a research report on Wednesday, October 25th. Finally, Zacks Investment Research raised AMERISAFE from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Monday, September 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. AMERISAFE currently has a consensus rating of “Buy” and an average price target of $66.00.
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In related news, Director Randy Roach sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $56.90, for a total value of $28,450.00. Following the completion of the sale, the director now directly owns 8,399 shares in the company, valued at $477,903.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Neal Andrew Fuller sold 1,850 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $56.94, for a total value of $105,339.00. Following the completion of the sale, the chief financial officer now owns 23,210 shares of the company’s stock, valued at $1,321,577.40. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
AMERISAFE Company Profile
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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