AMERISAFE (NASDAQ:AMSF – Get Free Report) issued its quarterly earnings results on Wednesday. The insurance provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02, Yahoo Finance reports. AMERISAFE had a net margin of 18.46% and a return on equity of 16.38%. The business had revenue of $78.70 million during the quarter, compared to the consensus estimate of $75.38 million. During the same quarter in the prior year, the firm earned $0.61 EPS.
AMERISAFE Trading Down 2.1 %
NASDAQ AMSF traded down $1.19 on Friday, reaching $54.98. The stock had a trading volume of 164,678 shares, compared to its average volume of 125,168. AMERISAFE has a 1 year low of $41.97 and a 1 year high of $56.46. The business has a 50 day moving average price of $49.33 and a 200 day moving average price of $47.10. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 17.13 and a beta of 0.34.
AMERISAFE Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 6th will be given a dividend of $3.37 per share. This is a boost from AMERISAFE’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, December 6th. This represents a $13.48 dividend on an annualized basis and a yield of 24.52%. AMERISAFE’s dividend payout ratio (DPR) is presently 46.11%.
Analysts Set New Price Targets
Check Out Our Latest Report on AMSF
About AMERISAFE
AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.
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