Shares of AMERISAFE, Inc. (NASDAQ:AMSF) have received an average rating of “Buy” from the six analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $67.00.

A number of equities analysts have recently weighed in on AMSF shares. B. Riley restated a “buy” rating on shares of AMERISAFE in a research note on Monday, November 6th. SunTrust Banks restated a “buy” rating and issued a $69.00 target price on shares of AMERISAFE in a research note on Friday, October 27th. Boenning Scattergood restated a “hold” rating on shares of AMERISAFE in a research note on Thursday, October 26th. FBR & Co restated a “buy” rating on shares of AMERISAFE in a research note on Wednesday, October 25th. Finally, Zacks Investment Research upgraded AMERISAFE from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Monday, September 18th.

In related news, CEO G. Janelle Frost sold 1,728 shares of AMERISAFE stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $66.74, for a total value of $115,326.72. Following the sale, the chief executive officer now owns 54,322 shares of the company’s stock, valued at approximately $3,625,450.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Flinton Capital Management LLC raised its holdings in shares of AMERISAFE by 53.7% in the 2nd quarter. Flinton Capital Management LLC now owns 2,142 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 748 shares during the period. Pinebridge Investments L.P. raised its holdings in AMERISAFE by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock valued at $144,000 after acquiring an additional 26 shares during the period. Wolverine Trading LLC bought a new stake in AMERISAFE during the 3rd quarter valued at $206,000. Crossmark Global Holdings Inc. bought a new stake in AMERISAFE during the 3rd quarter valued at $227,000. Finally, Piedmont Investment Advisors LLC bought a new stake in AMERISAFE during the 2nd quarter valued at $237,000. 99.52% of the stock is currently owned by institutional investors.

AMERISAFE (NASDAQ:AMSF) traded up $0.25 during mid-day trading on Thursday, reaching $61.60. The company’s stock had a trading volume of 64,367 shares, compared to its average volume of 117,009. The firm has a market cap of $1,185.43, a P/E ratio of 17.91 and a beta of 0.87. AMERISAFE has a fifty-two week low of $51.20 and a fifty-two week high of $69.40.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The business had revenue of $92.90 million during the quarter, compared to the consensus estimate of $92.04 million. AMERISAFE had a return on equity of 13.92% and a net margin of 17.07%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. research analysts anticipate that AMERISAFE will post 3.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.30%. AMERISAFE’s dividend payout ratio (DPR) is presently 23.81%.

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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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