AMERISAFE’s (AMSF) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of AMERISAFE (NASDAQ:AMSF) in a research report sent to investors on Friday,Weiss Ratings reports.

A number of other research analysts have also recently weighed in on the stock. Truist Financial cut their price objective on shares of AMERISAFE from $54.00 to $50.00 and set a “hold” rating for the company in a report on Monday, July 28th. Wall Street Zen raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Finally, JMP Securities cut their price objective on shares of AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating for the company in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $55.00.

AMERISAFE Price Performance

Shares of AMERISAFE stock opened at $41.45 on Friday. The firm has a fifty day moving average price of $43.90 and a 200 day moving average price of $45.24. AMERISAFE has a 1 year low of $40.03 and a 1 year high of $60.24. The stock has a market cap of $787.14 million, a PE ratio of 15.70 and a beta of 0.32.

AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Thursday, July 24th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). AMERISAFE had a return on equity of 16.54% and a net margin of 16.46%.The business had revenue of $79.70 million for the quarter, compared to analysts’ expectations of $77.30 million. As a group, equities analysts expect that AMERISAFE will post 2.45 EPS for the current year.

Insider Activity at AMERISAFE

In other news, CFO Anastasios Omiridis sold 1,343 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $44.75, for a total transaction of $60,099.25. Following the completion of the sale, the chief financial officer owned 2,253 shares of the company’s stock, valued at $100,821.75. The trade was a 37.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.61% of the stock is owned by corporate insiders.

Institutional Trading of AMERISAFE

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of AMERISAFE by 19.1% during the first quarter. GAMMA Investing LLC now owns 1,600 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 257 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in AMERISAFE by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,888 shares of the insurance provider’s stock valued at $214,000 after acquiring an additional 332 shares in the last quarter. New York State Common Retirement Fund grew its stake in AMERISAFE by 0.4% during the 2nd quarter. New York State Common Retirement Fund now owns 87,449 shares of the insurance provider’s stock valued at $3,824,000 after acquiring an additional 334 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 valued at $594,000 after acquiring an additional 471 shares in the last quarter. Finally, Signaturefd LLC grew its stake in AMERISAFE by 170.5% during the 2nd quarter. Signaturefd LLC now owns 779 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

About AMERISAFE

AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.