FY2017 EPS Estimates for Amerisafe Inc. (AMSF) Lifted by Analyst
Amerisafe Inc. (NASDAQ:AMSF) – FBR & Co raised their FY2017 earnings per share estimates for Amerisafe in a research report issued on Wednesday. FBR & Co analyst R. Binner now forecasts that the firm will post earnings of $3.75 per share for the year, up from their previous estimate of $3.65. FBR & Co has a “Buy” rating on the stock.
Separately, Zacks Investment Research lowered shares of Amerisafe from a “buy” rating to a “hold” rating in a research note on Thursday, October 20th.
Amerisafe (NASDAQ:AMSF) traded up 5.58% on Friday, hitting $62.40. The stock had a trading volume of 139,347 shares. Amerisafe has a 12 month low of $46.88 and a 12 month high of $64.97. The stock has a market cap of $1.19 billion, a PE ratio of 14.62 and a beta of 0.60. The firm’s 50 day moving average price is $57.72 and its 200-day moving average price is $58.90.
Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Amerisafe had a return on equity of 16.76% and a net margin of 20.47%. The business had revenue of $98.20 million for the quarter, compared to the consensus estimate of $100.43 million. During the same period in the prior year, the business posted $0.94 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its stake in Amerisafe by 958.6% in the second quarter. American Century Companies Inc. now owns 832,006 shares of the company’s stock valued at $64,543,000 after buying an additional 753,408 shares during the last quarter. WESPAC Advisors LLC raised its stake in Amerisafe by 16.0% in the second quarter. WESPAC Advisors LLC now owns 37,815 shares of the company’s stock valued at $2,315,000 after buying an additional 5,208 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Amerisafe by 8.0% in the first quarter. Nuveen Asset Management LLC now owns 101,746 shares of the company’s stock valued at $5,346,000 after buying an additional 7,520 shares during the last quarter. Royal Bank of Canada raised its stake in Amerisafe by 6.3% in the first quarter. Royal Bank of Canada now owns 1,184,814 shares of the company’s stock valued at $62,251,000 after buying an additional 70,658 shares during the last quarter. Finally, Strs Ohio raised its stake in 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. 96.22% of the stock is currently owned by hedge funds and other institutional investors.
In other Amerisafe news, CEO G. Janelle Frost sold 7,568 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $59.19, for a total value of $447,949.92. Following the transaction, the chief executive officer now directly owns 60,321 shares of the company’s stock, valued at approximately $3,570,399.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Neal Andrew Fuller sold 1,200 shares of Amerisafe stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $57.30, for a total transaction of $68,760.00. Following the sale, the chief financial officer now directly owns 25,060 shares in the company, valued at approximately $1,435,938. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Tuesday, December 13th. Amerisafe’s dividend payout ratio (DPR) is 16.82%.
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.
Receive News & Stock Ratings for Amerisafe Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerisafe Inc. and related stocks with our FREE daily email newsletter.