AMERISAFE, Inc. (NASDAQ:AMSF) Receives Average Rating of “Hold” from Analysts

Shares of AMERISAFE, Inc. (NASDAQ:AMSF) have been given a consensus rating of “Hold” by the five ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $44.00.

AMSF has been the subject of several analyst reports. Wall Street Zen upgraded shares of AMERISAFE from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Zacks Research downgraded shares of AMERISAFE from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Weiss Ratings lowered shares of AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Finally, Truist Financial decreased their price objective on shares of AMERISAFE from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in AMERISAFE during the 2nd quarter valued at approximately $1,344,000. Bank of America Corp DE acquired a new position in shares of AMERISAFE in the 2nd quarter valued at approximately $18,755,000. Jupiter Topco LLC purchased a new position in shares of AMERISAFE during the 2nd quarter valued at approximately $286,000. Hsbc Holdings PLC acquired a new stake in shares of AMERISAFE during the second quarter worth approximately $206,000. Finally, Palisade Capital Management LP acquired a new stake in shares of AMERISAFE during the second quarter worth approximately $3,145,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.

AMERISAFE Stock Up 1.2%

NASDAQ AMSF opened at $26.01 on Friday. The stock has a market cap of $482.23 million, a PE ratio of 10.49 and a beta of 0.24. AMERISAFE has a fifty-two week low of $25.65 and a fifty-two week high of $47.86. The business has a 50 day moving average price of $31.23 and a two-hundred day moving average price of $32.57.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). The firm had revenue of $91.97 million during the quarter, compared to analyst estimates of $85.09 million. AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%. Sell-side analysts anticipate that AMERISAFE will post 1.97 EPS for the current fiscal year.

AMERISAFE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, September 11th. AMERISAFE’s payout ratio is presently 66.13%.

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.