AMERISAFE (NASDAQ:AMSF) Announces Quarterly Earnings Results

AMERISAFE (NASDAQ:AMSF) announced its quarterly earnings results on Wednesday. The insurance provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06), FiscalAI reports. The company had revenue of $81.59 million during the quarter, compared to the consensus estimate of $80.05 million. AMERISAFE had a net margin of 16.12% and a return on equity of 16.94%.

AMERISAFE Trading Down 1.0%

Shares of AMERISAFE stock traded down $0.36 on Wednesday, reaching $36.89. 220,391 shares of the company were exchanged, compared to its average volume of 156,929. The company has a market capitalization of $697.96 million, a price-to-earnings ratio of 14.13 and a beta of 0.35. AMERISAFE has a one year low of $36.23 and a one year high of $53.27. The company has a 50-day moving average of $38.09 and a 200 day moving average of $40.90.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AMSF shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AMERISAFE in a research note on Monday, December 29th. Morgan Stanley set a $55.00 price target on AMERISAFE in a report on Friday, January 16th. Citizens Jmp reduced their price objective on AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating for the company in a research report on Friday, January 16th. Citigroup reissued a “market outperform” rating on shares of AMERISAFE in a research report on Friday, January 16th. Finally, Wall Street Zen upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Neuberger Berman Group LLC raised its holdings in shares of AMERISAFE by 0.3% in the 4th quarter. Neuberger Berman Group LLC now owns 1,800,952 shares of the insurance provider’s stock valued at $69,175,000 after purchasing an additional 6,175 shares during the period. Charles Schwab Investment Management Inc. raised its stake in AMERISAFE by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 843,539 shares of the insurance provider’s stock valued at $32,400,000 after buying an additional 41,496 shares during the period. Goldman Sachs Group Inc. raised its stake in AMERISAFE by 55.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 696,095 shares of the insurance provider’s stock valued at $26,737,000 after buying an additional 248,105 shares during the period. Bank of America Corp DE lifted its position in shares of AMERISAFE by 8.4% in the third quarter. Bank of America Corp DE now owns 658,682 shares of the insurance provider’s stock valued at $28,877,000 after buying an additional 50,765 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of AMERISAFE by 0.9% during the 4th quarter. Millennium Management LLC now owns 193,628 shares of the insurance provider’s stock worth $7,437,000 after acquiring an additional 1,803 shares during the period. 97.41% of the stock is currently owned by institutional investors and hedge funds.

About AMERISAFE

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.