Somewhat Favorable Media Coverage Somewhat Unlikely to Impact AMERISAFE (AMSF) Stock Price
News stories about AMERISAFE (NASDAQ:AMSF) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AMERISAFE earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 46.3794946492077 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- AMERISAFE, Inc. breached its 50 day moving average in a Bearish Manner : AMSF-US : September 27, 2017 (finance.yahoo.com)
- AMERISAFE, Inc. : AMSF-US: Dividend Analysis : September 08th, 2017 (record date) : By the numbers : September 28, 2017 (finance.yahoo.com)
- Comparing Genworth Financial (GNW) & AMERISAFE (AMSF) (americanbankingnews.com)
- AMERISAFE, Inc. (AMSF) Expected to Post Quarterly Sales of $91.96 Million (americanbankingnews.com)
- Genworth Financial (GNW) versus AMERISAFE (AMSF) Critical Analysis (americanbankingnews.com)
A number of equities research analysts have issued reports on AMSF shares. BidaskClub raised shares of AMERISAFE from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research raised shares of AMERISAFE from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Monday, September 18th. Finally, Boenning Scattergood started coverage on shares of AMERISAFE in a report on Monday, September 25th. They set a “neutral” rating for the company.
Shares of AMERISAFE (AMSF) traded up 0.68% during midday trading on Thursday, reaching $59.20. 66,262 shares of the company’s stock were exchanged. AMERISAFE has a one year low of $51.20 and a one year high of $69.40. The stock has a market cap of $1.13 billion, a P/E ratio of 17.26 and a beta of 0.88. The company’s 50-day moving average is $55.73 and its 200-day moving average is $57.16.
AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Thursday, July 27th. The insurance provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. The business had revenue of $89.93 million during the quarter, compared to the consensus estimate of $92.33 million. During the same period in the prior year, the company posted $0.85 EPS. The business’s quarterly revenue was down 7.8% on a year-over-year basis. Equities analysts expect that AMERISAFE will post $3.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, September 7th. AMERISAFE’s dividend payout ratio is currently 23.32%.
In related news, CFO Neal Andrew Fuller sold 1,850 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $56.94, for a total value of $105,339.00. Following the completion of the transaction, the chief financial officer now directly owns 23,210 shares of the company’s stock, valued at approximately $1,321,577.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Randy Roach sold 500 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $56.90, for a total value of $28,450.00. Following the completion of the transaction, the director now directly owns 8,399 shares of the company’s stock, valued at $477,903.10. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
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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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