AMERISAFE (NASDAQ:AMSF) Sets New 52-Week Low – Here’s What Happened

AMERISAFE, Inc. (NASDAQ:AMSF) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $36.23 and last traded at $36.37, with a volume of 109436 shares. The stock had previously closed at $36.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AMSF shares. JMP Securities lowered their price target on AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 14th. Citigroup reissued a “market outperform” rating on shares of AMERISAFE in a research report on Friday, January 16th. Morgan Stanley set a $55.00 price target on shares of AMERISAFE in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AMERISAFE in a research report on Monday, December 29th. Finally, Citizens Jmp decreased their price target on AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating for the company in a report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.00.

AMERISAFE Price Performance

The stock’s fifty day simple moving average is $38.68 and its two-hundred day simple moving average is $41.86. The company has a market capitalization of $688.12 million, a price-to-earnings ratio of 13.93 and a beta of 0.36.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. The firm had revenue of $71.29 million during the quarter, compared to the consensus estimate of $78.29 million. AMERISAFE had a return on equity of 16.94% and a net margin of 16.12%. On average, sell-side analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current year.

Insider Buying and Selling at AMERISAFE

In other AMERISAFE news, CFO Anastasios Omiridis sold 1,247 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $40.21, for a total value of $50,141.87. Following the completion of the sale, the chief financial officer directly owned 2,539 shares in the company, valued at $102,093.19. This represents a 32.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.61% of the company’s stock.

Institutional Investors Weigh In On AMERISAFE

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in AMERISAFE by 7.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,888 shares of the insurance provider’s stock worth $214,000 after acquiring an additional 332 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of AMERISAFE by 0.4% in the second quarter. New York State Common Retirement Fund now owns 87,449 shares of the insurance provider’s stock valued at $3,824,000 after purchasing an additional 334 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of AMERISAFE by 2.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,701 shares of the insurance provider’s stock valued at $776,000 after purchasing an additional 377 shares in the last quarter. GAMMA Investing LLC lifted its position in AMERISAFE by 38.6% during the third quarter. GAMMA Investing LLC now owns 1,633 shares of the insurance provider’s stock worth $72,000 after buying an additional 455 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of AMERISAFE by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,313 shares of the insurance provider’s stock worth $594,000 after acquiring an additional 471 shares during the period. Institutional investors and hedge funds own 97.41% of the company’s stock.

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.