Q2 2020 EPS Estimates for Amerisafe, Inc. (NASDAQ:AMSF) Decreased by B. Riley
Amerisafe, Inc. (NASDAQ:AMSF) – Equities research analysts at B. Riley decreased their Q2 2020 earnings estimates for shares of Amerisafe in a research note issued on Thursday, July 9th. B. Riley analyst R. Binner now forecasts that the insurance provider will post earnings of $0.73 per share for the quarter, down from their previous estimate of $0.77. B. Riley also issued estimates for Amerisafe’s FY2020 earnings at $3.10 EPS and FY2021 earnings at $3.10 EPS.
AMSF has been the subject of a number of other research reports. BidaskClub lowered shares of Amerisafe from a “buy” rating to a “hold” rating in a research note on Thursday, June 11th. ValuEngine downgraded shares of Amerisafe from a “hold” rating to a “sell” rating in a report on Friday, May 8th. Finally, SunTrust Banks cut their price objective on shares of Amerisafe from $77.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, May 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $77.67.
Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. The business had revenue of $86.94 million during the quarter, compared to analyst estimates of $86.27 million. Amerisafe had a net margin of 23.73% and a return on equity of 19.78%.
Several large investors have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in shares of Amerisafe by 3.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,032,858 shares of the insurance provider’s stock worth $68,200,000 after buying an additional 32,304 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Amerisafe by 4.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 669,229 shares of the insurance provider’s stock valued at $44,189,000 after purchasing an additional 28,634 shares during the last quarter. State Street Corp lifted its holdings in Amerisafe by 5.9% during the first quarter. State Street Corp now owns 639,961 shares of the insurance provider’s stock valued at $41,258,000 after purchasing an additional 35,933 shares during the last quarter. APG Asset Management N.V. lifted its holdings in Amerisafe by 1,065.5% during the first quarter. APG Asset Management N.V. now owns 439,400 shares of the insurance provider’s stock valued at $28,328,000 after purchasing an additional 401,700 shares during the last quarter. Finally, Standard Life Aberdeen plc lifted its holdings in Amerisafe by 6.8% during the fourth quarter. Standard Life Aberdeen plc now owns 339,556 shares of the insurance provider’s stock valued at $22,421,000 after purchasing an additional 21,702 shares during the last quarter.
In related news, EVP Vincent J. Gagliano sold 2,408 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $63.42, for a total value of $152,715.36. Following the transaction, the executive vice president now directly owns 20,049 shares of the company’s stock, valued at approximately $1,271,507.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, June 11th. Amerisafe’s dividend payout ratio is 23.48%.
AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.
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