AMERISAFE, Inc. (NASDAQ:AMSF)‘s stock had its “buy” rating restated by analysts at FBR & Co in a report issued on Wednesday.
AMSF has been the subject of several other reports. BidaskClub upgraded shares of AMERISAFE from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Boenning Scattergood began coverage on shares of AMERISAFE in a report on Monday, September 25th. They set a “neutral” rating for the company. Finally, Zacks Investment Research upgraded shares of AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Friday, September 1st.
Shares of AMERISAFE (AMSF) opened at 63.20 on Wednesday. AMERISAFE has a one year low of $51.20 and a one year high of $69.40. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 18.43 and a beta of 0.88. The firm’s 50-day moving average price is $57.88 and its 200-day moving average price is $56.75.
AMERISAFE (NASDAQ:AMSF) last released its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. AMERISAFE had a net margin of 17.17% and a return on equity of 14.04%. The firm had revenue of $92.90 million during the quarter, compared to analyst estimates of $92.04 million. During the same period last year, the business earned $0.93 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. Analysts anticipate that AMERISAFE will post $3.16 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/10/27/fbr-co-reiterates-buy-rating-for-amerisafe-inc-amsf.html.
In related news, CFO Neal Andrew Fuller sold 1,850 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 23,210 shares of the company’s stock, valued at $1,321,577.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Randy Roach sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $56.90, for a total transaction of $28,450.00. Following the sale, the director now directly owns 8,399 shares of the company’s stock, valued at approximately $477,903.10. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new stake in shares of AMERISAFE during the first quarter valued at approximately $106,000. Flinton Capital Management LLC grew its position in AMERISAFE by 53.7% in the 2nd quarter. Flinton Capital Management LLC now owns 2,142 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 748 shares during the period. Pinebridge Investments L.P. grew its position in AMERISAFE by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock worth $144,000 after purchasing an additional 26 shares during the period. US Bancorp DE grew its position in AMERISAFE by 1.2% in the 2nd quarter. US Bancorp DE now owns 2,540 shares of the insurance provider’s stock worth $145,000 after purchasing an additional 30 shares during the period. Finally, Citadel Advisors LLC bought a new stake in AMERISAFE in the 1st quarter worth approximately $208,000. 99.40% of the stock is owned by institutional investors.
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.
Receive News & Ratings for AMERISAFE Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERISAFE Inc. and related companies with MarketBeat.com's FREE daily email newsletter.