AMERISAFE (NASDAQ:AMSF) Releases Earnings Results, Misses Expectations By $0.03 EPS

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

AMERISAFE Stock Performance

Shares of AMSF stock traded down $0.37 during trading on Wednesday, hitting $47.48. 155,588 shares of the company were exchanged, compared to its average volume of 130,304. The firm has a market capitalization of $908.77 million, a price-to-earnings ratio of 14.91 and a beta of 0.33. The business’s 50-day simple moving average is $44.66 and its 200 day simple moving average is $47.55. AMERISAFE has a twelve month low of $41.97 and a twelve month high of $54.87.

AMERISAFE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors 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 dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, September 6th. AMERISAFE’s dividend payout ratio is currently 46.11%.

Analyst Upgrades and Downgrades

AMSF has been the topic of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price objective on shares of AMERISAFE in a report on Tuesday. StockNews.com upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th.

Insider Buying and Selling

In other AMERISAFE news, Director Michael J. Brown bought 1,000 shares of AMERISAFE stock in a transaction on Thursday, May 30th. The stock was purchased at an average cost of $43.52 per share, for a total transaction of $43,520.00. Following the completion of the purchase, the director now directly owns 10,055 shares of the company’s stock, valued at $437,593.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.45% of the stock is currently owned by corporate insiders.

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.