AMERISAFE (NASDAQ:AMSF) Announces Quarterly Earnings Results

AMERISAFE (NASDAQ:AMSF) posted its quarterly earnings data on Monday. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03), Yahoo Finance reports. The firm had revenue of $75.83 million for the quarter, compared to analysts’ expectations of $74.20 million. AMERISAFE had a net margin of 18.46% and a return on equity of 16.27%. During the same quarter in the prior year, the business earned $0.73 EPS.

AMERISAFE Stock Down 0.8 %

Shares of AMSF traded down $0.37 during midday trading on Wednesday, hitting $47.48. The company had a trading volume of 140,729 shares, compared to its average volume of 130,202. The stock has a market cap of $908.77 million, a price-to-earnings ratio of 14.91 and a beta of 0.33. The company’s 50 day moving average price is $44.66 and its 200 day moving average price is $47.55. AMERISAFE has a 52 week low of $41.97 and a 52 week high of $54.87.

AMERISAFE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.12%. The ex-dividend date is Friday, September 6th. AMERISAFE’s dividend payout ratio is currently 46.11%.

Analyst Ratings Changes

A number of brokerages have commented on AMSF. StockNews.com upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price target on shares of AMERISAFE in a research note on Tuesday.

Insider Buying and Selling

In other AMERISAFE news, Director Michael J. Brown acquired 1,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average price of $43.52 per share, with a total value of $43,520.00. Following the transaction, the director now directly owns 10,055 shares in the company, valued at $437,593.60. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.45% of the company’s stock.

AMERISAFE Company Profile

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.