FY2016 EPS Estimates for Amerisafe Inc. (AMSF) Raised by FBR & Co
Amerisafe Inc. (NASDAQ:AMSF) – Equities researchers at FBR & Co increased their FY2016 earnings per share (EPS) estimates for shares of Amerisafe in a note issued to investors on Wednesday. FBR & Co analyst R. Binner now anticipates that the brokerage will earn $4.00 per share for the year, up from their previous estimate of $3.90. FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for Amerisafe’s FY2018 earnings at $3.75 EPS.
Separately, Zacks Investment Research upgraded Amerisafe from a “sell” rating to a “hold” rating in a report on Thursday, August 11th.
Amerisafe (NASDAQ:AMSF) opened at 62.40 on Thursday. The company’s 50 day moving average price is $57.72 and its 200 day moving average price is $58.90. Amerisafe has a 52-week low of $46.88 and a 52-week high of $64.97. The firm has a market cap of $1.19 billion, a PE ratio of 14.62 and a beta of 0.60.
Amerisafe (NASDAQ:AMSF) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. Amerisafe had a return on equity of 16.76% and a net margin of 20.47%. The business earned $98.20 million during the quarter, compared to analysts’ expectations of $100.43 million. During the same quarter in the previous year, the firm earned $0.94 EPS. The firm’s revenue was up .7% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, December 13th. Amerisafe’s dividend payout ratio (DPR) is presently 16.82%.
In other Amerisafe news, CFO Neal Andrew Fuller sold 1,200 shares of the stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $57.30, for a total transaction of $68,760.00. Following the completion of the transaction, the chief financial officer now owns 25,060 shares in the company, valued at approximately $1,435,938. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO G. Janelle Frost sold 7,568 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $59.19, for a total value of $447,949.92. Following the transaction, the chief executive officer now owns 60,321 shares of the company’s stock, valued at approximately $3,570,399.99. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in AMSF. Municipal Employees Retirement System of Michigan boosted its position in shares of Amerisafe by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,250 shares of the company’s stock valued at $250,000 after buying an additional 70 shares during the last quarter. PineBridge Investments L.P. boosted its position in shares of Amerisafe by 4.1% in the second quarter. PineBridge Investments L.P. now owns 2,433 shares of the company’s stock valued at $148,000 after buying an additional 95 shares during the last quarter. Strs Ohio boosted its position in shares of Amerisafe by 0.7% in the third quarter. Strs Ohio now owns 15,400 shares of the company’s stock valued at $905,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Amerisafe by 2.1% in the second quarter. Arizona State Retirement System now owns 9,955 shares of the company’s stock valued at $609,000 after buying an additional 200 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its position in shares of Amerisafe by 2.5% in the second quarter. BlackRock Advisors LLC now owns 9,354 shares of the company’s stock valued at $573,000 after buying an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.
Amerisafe Company Profile
AMERISAFE, Inc (AMERISAFE) is an insurance holding company. The Company provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, manufacturing, agriculture, and oil and gas. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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