Analysts Set Amerisafe, Inc. (AMSF) Target Price at $64.00

Amerisafe, Inc. (NASDAQ:AMSF) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $64.00.

A number of research analysts recently issued reports on AMSF shares. Zacks Investment Research upgraded Amerisafe from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Tuesday, January 29th. ValuEngine upgraded Amerisafe from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Finally, BidaskClub upgraded Amerisafe from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th.

In other Amerisafe news, CFO Neal Andrew Fuller sold 578 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $61.76, for a total transaction of $35,697.28. Following the transaction, the chief financial officer now owns 20,341 shares in the company, valued at approximately $1,256,260.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO G. Janelle Frost sold 1,691 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $61.50, for a total value of $103,996.50. Following the transaction, the chief executive officer now owns 57,912 shares in the company, valued at approximately $3,561,588. The disclosure for this sale can be found here. Insiders have sold a total of 3,553 shares of company stock worth $218,698 in the last quarter. Company insiders own 1.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Legal & General Group Plc boosted its position in shares of Amerisafe by 8.4% in the 3rd quarter. Legal & General Group Plc now owns 41,138 shares of the insurance provider’s stock worth $2,538,000 after purchasing an additional 3,184 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Amerisafe by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 302,412 shares of the insurance provider’s stock worth $18,735,000 after purchasing an additional 7,047 shares in the last quarter. Standard Life Aberdeen plc boosted its position in shares of Amerisafe by 6.4% in the 3rd quarter. Standard Life Aberdeen plc now owns 509,320 shares of the insurance provider’s stock worth $31,578,000 after purchasing an additional 30,558 shares in the last quarter. Granite Investment Partners LLC boosted its position in shares of Amerisafe by 6.3% in the 4th quarter. Granite Investment Partners LLC now owns 184,991 shares of the insurance provider’s stock worth $10,487,000 after purchasing an additional 10,961 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Amerisafe by 8.7% in the 4th quarter. Fisher Asset Management LLC now owns 32,987 shares of the insurance provider’s stock worth $1,870,000 after purchasing an additional 2,652 shares in the last quarter.

NASDAQ:AMSF traded down $0.01 during mid-day trading on Friday, reaching $59.40. 81,037 shares of the company’s stock traded hands, compared to its average volume of 70,565. Amerisafe has a 12-month low of $50.46 and a 12-month high of $67.96. The company has a market cap of $1.14 billion, a PE ratio of 15.39 and a beta of 0.53.

Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings results on Wednesday, February 27th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.20. Amerisafe had a return on equity of 17.07% and a net margin of 18.96%. Equities research analysts anticipate that Amerisafe will post 3.1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.25 per share. This is an increase from Amerisafe’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.68%. Amerisafe’s dividend payout ratio is 25.91%.

Amerisafe Company Profile

AMERISAFE, Inc, an insurance holding company, provides 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 serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.

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