G. Janelle Frost Sells 7,500 Shares of Amerisafe, Inc. (AMSF) Stock
Amerisafe, Inc. (NASDAQ:AMSF) CEO G. Janelle Frost sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $55.53, for a total value of $416,475.00. Following the completion of the sale, the chief executive officer now directly owns 69,322 shares of the company’s stock, valued at approximately $3,849,450.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Amerisafe, Inc. (NASDAQ AMSF) opened at $55.60 on Friday. Amerisafe, Inc. has a one year low of $51.20 and a one year high of $67.82. The company has a market capitalization of $1,070.08, a P/E ratio of 23.17 and a beta of 0.86.
Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings data on Monday, February 26th. The insurance provider reported $0.69 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.13). Amerisafe had a net margin of 12.32% and a return on equity of 12.69%. The firm had revenue of $94.94 million during the quarter, compared to analyst estimates of $92.71 million. During the same period last year, the business posted $1.04 EPS. The company’s revenue was down 3.7% on a year-over-year basis. equities research analysts anticipate that Amerisafe, Inc. will post 3.22 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of AMSF. Elkfork Partners LLC bought a new position in shares of Amerisafe in the fourth quarter valued at approximately $162,000. Wolverine Trading LLC bought a new position in shares of Amerisafe in the third quarter valued at approximately $206,000. Marco Investment Management LLC bought a new position in shares of Amerisafe in the fourth quarter valued at approximately $206,000. Jefferies Group LLC bought a new position in shares of Amerisafe in the fourth quarter valued at approximately $216,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Amerisafe in the third quarter valued at approximately $227,000. Institutional investors own 99.52% of the company’s stock.
AMSF has been the subject of a number of research reports. B. Riley reissued a “buy” rating on shares of Amerisafe in a research note on Monday, November 6th. BidaskClub cut Amerisafe from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a research note on Tuesday, February 27th. Finally, ValuEngine raised Amerisafe from a “hold” rating to a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $66.00.
ILLEGAL ACTIVITY NOTICE: “G. Janelle Frost Sells 7,500 Shares of Amerisafe, Inc. (AMSF) Stock” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.watchlistnews.com/g-janelle-frost-sells-7500-shares-of-amerisafe-inc-amsf-stock/1906620.html.
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.
Receive News & Ratings for Amerisafe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerisafe and related companies with MarketBeat.com's FREE daily email newsletter.