Vincent J. Gagliano Sells 654 Shares of Amerisafe, Inc. (AMSF) Stock
Amerisafe, Inc. (NASDAQ:AMSF) EVP Vincent J. Gagliano sold 654 shares of Amerisafe stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $60.04, for a total transaction of $39,266.16. Following the transaction, the executive vice president now directly owns 17,492 shares in the company, valued at approximately $1,050,219.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
AMSF stock traded down $1.12 during mid-day trading on Friday, hitting $59.06. 87,933 shares of the company were exchanged, compared to its average volume of 52,282. The company has a market capitalization of $1.16 billion, a P/E ratio of 15.30 and a beta of 0.50. Amerisafe, Inc. has a 1-year low of $50.46 and a 1-year high of $67.96.
Amerisafe (NASDAQ:AMSF) last announced its earnings results on Wednesday, May 1st. The insurance provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.77 by $0.14. The firm had revenue of $92.97 million for the quarter, compared to the consensus estimate of $93.62 million. Amerisafe had a net margin of 19.76% and a return on equity of 17.34%. On average, sell-side analysts forecast that Amerisafe, Inc. will post 3.23 earnings per share for the current year.
AMSF has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Amerisafe from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research note on Tuesday, January 29th. ValuEngine upgraded shares of Amerisafe from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Finally, BidaskClub upgraded shares of Amerisafe from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $66.33.
Hedge funds have recently made changes to their positions in the business. Cresset Asset Management LLC acquired a new stake in Amerisafe during the 1st quarter worth approximately $47,000. Quadrant Capital Group LLC raised its holdings in Amerisafe by 1,492.2% during the 1st quarter. Quadrant Capital Group LLC now owns 812 shares of the insurance provider’s stock worth $46,000 after buying an additional 761 shares during the period. Quantamental Technologies LLC acquired a new stake in Amerisafe during the 4th quarter worth approximately $51,000. Oppenheimer Asset Management Inc. acquired a new stake in Amerisafe during the 4th quarter worth approximately $57,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Amerisafe by 36.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,213 shares of the insurance provider’s stock worth $69,000 after buying an additional 322 shares during the period.
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AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.
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