Amerisafe, Inc. (NASDAQ:AMSF) announced a quarterly dividend on Friday, October 26th, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.22 per share by the insurance provider on Friday, December 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, December 13th.
Amerisafe has raised its dividend payment by an average of 18.6% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Amerisafe has a dividend payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Amerisafe to earn $3.12 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 28.2%.
Amerisafe stock opened at $62.98 on Friday. Amerisafe has a 1-year low of $52.00 and a 1-year high of $67.96. The stock has a market cap of $1.22 billion, a PE ratio of 18.14 and a beta of 0.47.
Amerisafe (NASDAQ:AMSF) last released its quarterly earnings results on Wednesday, October 24th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.26. Amerisafe had a net margin of 14.15% and a return on equity of 15.21%. The company had revenue of $93.28 million during the quarter, compared to the consensus estimate of $94.39 million. As a group, research analysts predict that Amerisafe will post 3.62 EPS for the current year.
A number of research firms recently issued reports on AMSF. BidaskClub downgraded shares of Amerisafe from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a research note on Thursday, October 25th. Finally, Zacks Investment Research raised shares of Amerisafe from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Wednesday, October 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $66.33.
In other Amerisafe news, CEO G. Janelle Frost sold 1,623 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $64.41, for a total transaction of $104,537.43. Following the completion of the transaction, the chief executive officer now owns 59,603 shares of the company’s stock, valued at $3,839,029.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Neal Andrew Fuller sold 2,291 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $63.61, for a total transaction of $145,730.51. Following the transaction, the chief financial officer now directly owns 20,919 shares of the company’s stock, valued at approximately $1,330,657.59. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.
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Amerisafe Company Profile
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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