AMERISAFE (NASDAQ:AMSF) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

AMERISAFE (NASDAQ:AMSF) announced its quarterly earnings data on Wednesday. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.06), FiscalAI reports. The firm had revenue of $81.59 million during the quarter, compared to the consensus estimate of $80.05 million. AMERISAFE had a return on equity of 16.94% and a net margin of 16.12%.

AMERISAFE Stock Down 1.0%

Shares of NASDAQ AMSF traded down $0.36 during trading hours on Wednesday, hitting $36.89. 220,391 shares of the stock were exchanged, compared to its average volume of 156,929. AMERISAFE has a 12 month low of $36.23 and a 12 month high of $53.27. The firm has a fifty day moving average price of $38.04 and a 200-day moving average price of $40.87. The company has a market cap of $697.96 million, a PE ratio of 14.13 and a beta of 0.35.

Analyst Ratings Changes

A number of analysts recently weighed in on AMSF shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AMERISAFE in a research note on Monday, December 29th. Citigroup reaffirmed a “market outperform” rating on shares of AMERISAFE in a research report on Friday, January 16th. Morgan Stanley set a $55.00 price objective on shares of AMERISAFE in a research note on Friday, January 16th. Wall Street Zen raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Citizens Jmp reduced their price objective on shares of AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating for the company in a research note on Friday, January 16th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.33.

Institutional Investors Weigh In On AMERISAFE

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL purchased a new position in shares of AMERISAFE in the 4th quarter valued at approximately $360,000. Quadrant Capital Group LLC raised its holdings in shares of AMERISAFE by 20.6% in the third quarter. Quadrant Capital Group LLC now owns 8,869 shares of the insurance provider’s stock worth $389,000 after buying an additional 1,514 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of AMERISAFE by 38.9% during the fourth quarter. Intech Investment Management LLC now owns 12,115 shares of the insurance provider’s stock worth $465,000 after buying an additional 3,392 shares during the period. Inspire Investing LLC grew its holdings in shares of AMERISAFE by 18.6% during the fourth quarter. Inspire Investing LLC now owns 12,218 shares of the insurance provider’s stock valued at $469,000 after buying an additional 1,913 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in shares of AMERISAFE in the 3rd quarter valued at $838,000. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

AMERISAFE Company Profile

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.