AMERISAFE, Inc. (NASDAQ:AMSF) – Equities research analysts at FBR & Co issued their FY2019 earnings per share estimates for shares of AMERISAFE in a research note issued on Tuesday. FBR & Co analyst R. Binner anticipates that the insurance provider will earn $3.05 per share for the year.

A number of other equities analysts have also issued reports on the stock. BidaskClub upgraded shares of AMERISAFE from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded shares of AMERISAFE from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Monday, September 18th. Finally, Boenning Scattergood started coverage on shares of AMERISAFE in a research report on Monday, September 25th. They issued a “neutral” rating for the company.

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Shares of AMERISAFE (AMSF) traded down 0.75% during mid-day trading on Wednesday, hitting $59.50. 67,638 shares of the stock traded hands. AMERISAFE has a 12-month low of $51.20 and a 12-month high of $69.40. The firm’s 50 day moving average price is $56.32 and its 200-day moving average price is $57.00. The stock has a market cap of $1.14 billion, a P/E ratio of 17.35 and a beta of 0.88.

AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Thursday, July 27th. The insurance provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The business had revenue of $89.93 million for the quarter, compared to the consensus estimate of $92.33 million. AMERISAFE had a net margin of 17.17% and a return on equity of 14.04%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share.

Several large investors have recently bought and sold shares of AMSF. BlackRock Inc. boosted its position in shares of AMERISAFE by 90,634.5% during the 1st quarter. BlackRock Inc. now owns 2,254,752 shares of the insurance provider’s stock valued at $146,333,000 after purchasing an additional 2,252,267 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of AMERISAFE by 691.1% during the 2nd quarter. Voya Investment Management LLC now owns 313,243 shares of the insurance provider’s stock valued at $17,839,000 after purchasing an additional 273,645 shares in the last quarter. American Century Companies Inc. bought a new position in shares of AMERISAFE during the 2nd quarter valued at about $12,471,000. TimesSquare Capital Management LLC boosted its position in shares of AMERISAFE by 64.8% during the 2nd quarter. TimesSquare Capital Management LLC now owns 545,380 shares of the insurance provider’s stock valued at $31,059,000 after purchasing an additional 214,400 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of AMERISAFE by 19.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,219,841 shares of the insurance provider’s stock valued at $69,470,000 after purchasing an additional 202,379 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

In related news, Director Randy Roach sold 500 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $56.90, for a total value of $28,450.00. Following the completion of the transaction, the director now owns 8,399 shares in the company, valued at approximately $477,903.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Neal Andrew Fuller sold 1,850 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $56.94, for a total transaction of $105,339.00. Following the completion of the transaction, the chief financial officer now owns 23,210 shares of the company’s stock, valued at approximately $1,321,577.40. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a $0.20 dividend. The ex-dividend date was Thursday, September 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.33%. AMERISAFE’s dividend payout ratio is presently 23.32%.

AMERISAFE Company Profile

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.

Earnings History and Estimates for AMERISAFE (NASDAQ:AMSF)

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