Amerisafe, Inc. (NASDAQ:AMSF) CEO G. Janelle Frost sold 1,623 shares of Amerisafe stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $64.41, for a total value of $104,537.43. Following the completion of the transaction, the chief executive officer now directly owns 59,603 shares of the company’s stock, valued at approximately $3,839,029.23. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ:AMSF opened at $64.56 on Friday. Amerisafe, Inc. has a fifty-two week low of $52.00 and a fifty-two week high of $67.96. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 20.96 and a beta of 0.52.
Amerisafe (NASDAQ:AMSF) last issued its earnings results on Wednesday, October 24th. The insurance provider reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.26. Amerisafe had a return on equity of 15.21% and a net margin of 14.15%. The business had revenue of $93.28 million during the quarter, compared to analyst estimates of $94.39 million. As a group, equities analysts forecast that Amerisafe, Inc. will post 3.62 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, December 13th. Amerisafe’s dividend payout ratio (DPR) is 28.57%.
Several equities analysts have recently issued reports on the company. BidaskClub lowered Amerisafe from a “buy” rating to a “hold” rating in a research report on Tuesday. Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a research report on Thursday, October 25th. Zacks Investment Research raised Amerisafe from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Wednesday, October 10th. Keefe, Bruyette & Woods set a $61.00 target price on Amerisafe and gave the stock a “hold” rating in a research report on Thursday, August 2nd. Finally, JMP Securities boosted their target price on Amerisafe from $65.00 to $67.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.33.
Large investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Amerisafe by 4.7% during the 2nd quarter. Bank of America Corp DE now owns 126,124 shares of the insurance provider’s stock valued at $7,283,000 after purchasing an additional 5,718 shares during the period. Rhumbline Advisers grew its stake in shares of Amerisafe by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 61,538 shares of the insurance provider’s stock valued at $3,554,000 after purchasing an additional 2,044 shares during the period. Principal Financial Group Inc. grew its stake in shares of Amerisafe by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 147,518 shares of the insurance provider’s stock valued at $8,150,000 after purchasing an additional 3,514 shares during the period. Aperio Group LLC grew its stake in shares of Amerisafe by 22.8% during the 2nd quarter. Aperio Group LLC now owns 10,233 shares of the insurance provider’s stock valued at $591,000 after purchasing an additional 1,899 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Amerisafe by 2.5% during the 1st quarter. Legal & General Group Plc now owns 35,735 shares of the insurance provider’s stock valued at $1,972,000 after purchasing an additional 867 shares during the period.
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AMERISAFE, Inc, an insurance holding company, provides 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 serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.
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