Shares of AMERISAFE, Inc. (NASDAQ:AMSF – Get Free Report) have been given an average rating of “Hold” by the five research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $44.00.
A number of equities analysts have recently weighed in on AMSF shares. Truist Financial lowered their price target on AMERISAFE from $34.00 to $32.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. Zacks Research lowered shares of AMERISAFE from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Finally, Weiss Ratings cut shares of AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th.
View Our Latest Stock Report on AMSF
Hedge Funds Weigh In On AMERISAFE
AMERISAFE Trading Down 0.2%
Shares of AMSF stock opened at $24.56 on Thursday. The stock has a market cap of $455.34 million, a price-to-earnings ratio of 9.90 and a beta of 0.23. The company’s 50-day moving average price is $27.94 and its 200-day moving average price is $30.79. AMERISAFE has a twelve month low of $24.11 and a twelve month high of $44.66.
AMERISAFE (NASDAQ:AMSF – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $91.97 million for the quarter, compared to analyst estimates of $85.09 million. AMERISAFE had a return on equity of 14.87% and a net margin of 14.00%. As a group, equities research analysts predict that AMERISAFE will post 1.97 EPS for the current year.
AMERISAFE Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, September 11th. AMERISAFE’s payout ratio is 66.13%.
About AMERISAFE
AMERISAFE, Inc (NASDAQ: AMSF) is a specialty workers’ compensation insurance company headquartered in DeRidder, Louisiana. Through its insurance subsidiaries, the company provides workers’ compensation coverage to small and mid-sized employers whose operations involve relatively high workplace risks.
The company focuses on industries such as construction, trucking, logging, agriculture, manufacturing, oil and gas, and other hazardous occupations. Its services include workers’ compensation underwriting, claims administration, workplace safety and loss-control services, and premium auditing.
AMERISAFE primarily serves employers across the southeastern and other selected regions of the United States.
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