Amerisafe (AMSF) Stock Rating Lowered by BidaskClub
BidaskClub downgraded shares of Amerisafe (NASDAQ:AMSF) from a hold rating to a sell rating in a report published on Wednesday.
A number of other research analysts have also recently commented on AMSF. Boenning Scattergood restated a hold rating on shares of Amerisafe in a research report on Tuesday, February 27th. ValuEngine upgraded Amerisafe from a hold rating to a buy rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research cut Amerisafe from a hold rating to a strong sell rating in a research report on Tuesday, March 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $66.00.
Amerisafe (NASDAQ AMSF) opened at $57.05 on Wednesday. Amerisafe has a 12-month low of $51.20 and a 12-month high of $67.82. The company has a market capitalization of $1,097.98, a price-to-earnings ratio of 18.46 and a beta of 0.86.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from Amerisafe’s previous quarterly dividend of $0.20. Amerisafe’s payout ratio is currently 36.67%.
In other Amerisafe news, EVP Vincent J. Gagliano sold 820 shares of Amerisafe stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $55.22, for a total value of $45,280.40. Following the transaction, the executive vice president now owns 16,680 shares in the company, valued at $921,069.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO G. Janelle Frost sold 7,500 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $55.53, for a total value of $416,475.00. Following the sale, the chief executive officer now owns 69,322 shares in the company, valued at $3,849,450.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,432 shares of company stock worth $578,872. Company insiders own 2.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Amerisafe by 1.7% during the fourth quarter. BlackRock Inc. now owns 2,372,325 shares of the insurance provider’s stock worth $146,135,000 after purchasing an additional 40,617 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Amerisafe by 7.6% during the third quarter. Neuberger Berman Group LLC now owns 1,312,660 shares of the insurance provider’s stock worth $76,397,000 after purchasing an additional 92,819 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Amerisafe by 640.6% during the fourth quarter. Victory Capital Management Inc. now owns 756,815 shares of the insurance provider’s stock worth $46,620,000 after purchasing an additional 654,632 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Amerisafe by 3.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 615,865 shares of the insurance provider’s stock worth $37,937,000 after purchasing an additional 22,694 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Amerisafe by 1.8% during the second quarter. State Street Corp now owns 487,661 shares of the insurance provider’s stock worth $27,771,000 after purchasing an additional 8,645 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.
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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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