AMERISAFE, Inc. (AMSF) Forecasted to Earn FY2019 Earnings of $3.05 Per Share
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.
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.
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