Insider Selling: AMERISAFE, Inc. (AMSF) CFO Sells $105,339.00 in Stock
AMERISAFE, Inc. (NASDAQ:AMSF) CFO Neal Andrew Fuller sold 1,850 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $56.94, for a total value of $105,339.00. Following the transaction, the chief financial officer now directly owns 23,210 shares in the company, valued at $1,321,577.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
AMERISAFE, Inc. (NASDAQ AMSF) opened at 57.35 on Friday. AMERISAFE, Inc. has a 12-month low of $51.20 and a 12-month high of $69.40. The company’s 50-day moving average price is $55.55 and its 200-day moving average price is $57.66. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 16.72 and a beta of 0.89.
AMERISAFE (NASDAQ:AMSF) last released its earnings results on Thursday, July 27th. The insurance provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $89.93 million during the quarter, compared to the consensus estimate of $92.33 million. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 earnings per share. Equities analysts expect that AMERISAFE, Inc. will post $3.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.41%. AMERISAFE’s payout ratio is currently 23.32%.
A number of research analysts have recently commented on the company. Zacks Investment Research raised AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Friday, September 1st. BidaskClub lowered AMERISAFE from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th.
Several hedge funds have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. raised its position in shares of AMERISAFE by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock worth $144,000 after acquiring an additional 26 shares during the last quarter. US Bancorp DE raised its position in shares of AMERISAFE by 1.2% during the second quarter. US Bancorp DE now owns 2,540 shares of the insurance provider’s stock worth $145,000 after acquiring an additional 30 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of AMERISAFE by 1.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,640 shares of the insurance provider’s stock worth $301,000 after acquiring an additional 59 shares during the last quarter. Aperio Group LLC raised its position in shares of AMERISAFE by 1.2% during the second quarter. Aperio Group LLC now owns 6,727 shares of the insurance provider’s stock worth $383,000 after acquiring an additional 83 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of AMERISAFE by 0.3% during the first quarter. Legal & General Group Plc now owns 31,819 shares of the insurance provider’s stock worth $2,064,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.
Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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