Insider Selling: AMERISAFE, Inc. (AMSF) CEO Sells $115,326.72 in Stock
AMERISAFE, Inc. (NASDAQ:AMSF) CEO G. Janelle Frost sold 1,728 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $66.74, for a total transaction of $115,326.72. Following the completion of the transaction, the chief executive officer now owns 54,322 shares in the company, valued at approximately $3,625,450.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
AMERISAFE, Inc. (AMSF) traded down $0.95 during mid-day trading on Friday, reaching $63.95. 116,120 shares of the company’s stock traded hands, compared to its average volume of 86,463. The company has a market capitalization of $1,210.00, a P/E ratio of 18.87 and a beta of 0.89. AMERISAFE, Inc. has a 12 month low of $51.20 and a 12 month high of $69.40.
AMERISAFE (NASDAQ:AMSF) last posted its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. The company had revenue of $92.90 million during the quarter, compared to the consensus estimate of $92.04 million. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 earnings per share. equities research analysts forecast that AMERISAFE, Inc. will post 3.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.25%. The ex-dividend date is Wednesday, December 13th. AMERISAFE’s dividend payout ratio is 23.81%.
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Several analysts have commented on AMSF shares. B. Riley reissued a “buy” rating on shares of AMERISAFE in a research report on Monday, November 6th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $69.00 target price on shares of AMERISAFE in a research report on Friday, October 27th. Boenning Scattergood reissued a “hold” rating on shares of AMERISAFE in a research report on Thursday, October 26th. FBR & Co reissued a “buy” rating on shares of AMERISAFE in a research 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 research report on Monday, September 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $66.00.
A number of hedge funds have recently bought and sold shares of AMSF. American Century Companies Inc. bought a new stake in shares of AMERISAFE during the 2nd quarter worth $12,471,000. Aperio Group LLC boosted its holdings in shares of AMERISAFE by 1.2% during the 2nd quarter. Aperio Group LLC now owns 6,727 shares of the insurance provider’s stock worth $383,000 after buying an additional 83 shares during the period. BlackRock Inc. boosted its holdings in shares of AMERISAFE by 90,634.5% during the 1st quarter. BlackRock Inc. now owns 2,254,752 shares of the insurance provider’s stock worth $146,333,000 after buying an additional 2,252,267 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of AMERISAFE by 41.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 44,568 shares of the insurance provider’s stock worth $2,538,000 after buying an additional 13,054 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of AMERISAFE by 3.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 28,653 shares of the insurance provider’s stock worth $1,630,000 after buying an additional 912 shares during the period. 99.53% of the stock is owned by institutional investors.
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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