Weekly Investment Analysts’ Ratings Updates for Amerisafe (AMSF)

Several analysts have recently updated their ratings and price targets for Amerisafe (NASDAQ: AMSF):

  • 3/7/2018 – Amerisafe was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 3/6/2018 – Amerisafe was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Shares of Amerisafe have underperformed its industry in a year's time. A decrease in premium written due to stiff competition and pricing woes has been putting pressure on the company's top line. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 9.3% downward over the last 30 days. In the fourth quarter Amerisafe’s earnings per share of 69 cents missed the Zacks Consensus Estimate by 16.9%. Also, earnings slumped 33.7% year over year due to a decline in revenues. However, Amerisafe's efficient claims management, good underwriting results, favorable loss and frequency trends, prudent reserve analytics and improved operating leverage bode well.”
  • 3/1/2018 – Amerisafe was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/27/2018 – Amerisafe had its “hold” rating reaffirmed by analysts at Boenning Scattergood.

Amerisafe, Inc. (AMSF) traded up $1.05 during trading hours on Friday, reaching $56.95. 25,403 shares of the company’s stock were exchanged, compared to its average volume of 82,597. The stock has a market cap of $1,071.04, a price-to-earnings ratio of 23.73 and a beta of 0.86. Amerisafe, Inc. has a 52 week low of $51.20 and a 52 week high of $67.82.

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Amerisafe (NASDAQ:AMSF) last released its earnings results on Monday, February 26th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.13). The firm had revenue of $94.94 million during the quarter, compared to analysts’ expectations of $92.71 million. Amerisafe had a net margin of 12.32% and a return on equity of 12.69%. Amerisafe’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted $1.04 earnings per share. equities analysts anticipate that Amerisafe, Inc. will post 3.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.55%. This is a positive change from Amerisafe’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, March 8th. Amerisafe’s dividend payout ratio is 36.67%.

In other news, EVP Kathryn Housh Shirley sold 691 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $55.52, for a total transaction of $38,364.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO G. Janelle Frost sold 7,500 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $55.53, for a total transaction of $416,475.00. Following the transaction, 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. Over the last quarter, insiders have sold 10,432 shares of company stock worth $578,872. Insiders own 2.20% of the company’s stock.

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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