Amerisafe (NASDAQ:AMSF) Issues Earnings Results

Amerisafe (NASDAQ:AMSF) announced its earnings results on Wednesday. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.13, Fidelity Earnings reports. Amerisafe had a net margin of 19.76% and a return on equity of 17.34%. The company had revenue of $91.19 million for the quarter, compared to analyst estimates of $92.22 million.

AMSF stock traded down $0.07 during mid-day trading on Friday, hitting $65.45. The stock had a trading volume of 3,541 shares, compared to its average volume of 70,059. Amerisafe has a 52 week low of $50.46 and a 52 week high of $67.96. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 17.02 and a beta of 0.51. The stock’s fifty day moving average is $63.95.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, September 5th. Amerisafe’s dividend payout ratio is currently 25.91%.

In other Amerisafe news, CFO Neal Andrew Fuller sold 885 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $59.68, for a total value of $52,816.80. Following the transaction, the chief financial officer now directly owns 22,110 shares of the company’s stock, valued at approximately $1,319,524.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Vincent J. Gagliano sold 654 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $60.04, for a total transaction of $39,266.16. Following the completion of the transaction, the executive vice president now directly owns 17,492 shares in the company, valued at $1,050,219.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,125 shares of company stock worth $246,441. Insiders own 1.70% of the company’s stock.

Several brokerages have commented on AMSF. BidaskClub downgraded shares of Amerisafe from a “buy” rating to a “hold” rating in a research note on Tuesday, June 11th. ValuEngine raised shares of Amerisafe from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Boenning Scattergood reaffirmed a “hold” rating on shares of Amerisafe in a research report on Thursday, May 2nd. Finally, B. Riley set a $70.00 price target on shares of Amerisafe and gave the stock a “buy” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Amerisafe currently has an average rating of “Hold” and an average price target of $67.25.

Amerisafe Company Profile

AMERISAFE, Inc, an insurance holding company, underwrites 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 provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.

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Earnings History for Amerisafe (NASDAQ:AMSF)

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