AMERISAFE (NASDAQ:AMSF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of AMERISAFE (NASDAQ:AMSF – Free Report) from a sell rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

A number of other analysts have also recently commented on AMSF. Morgan Stanley set a $40.00 price objective on AMERISAFE in a research report on Monday, October 12th. Citigroup reissued a “market outperform” rating on shares of AMERISAFE in a research report on Monday, October 12th. Weiss Ratings restated a “sell (d+)” rating on shares of AMERISAFE in a research note on Monday, October 26th. Zacks Research raised shares of AMERISAFE from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Truist Financial reduced their price target on shares of AMERISAFE from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, AMERISAFE has a consensus rating of “Hold” and an average price target of $33.33.

View Our Latest Stock Analysis on AMSF

AMERISAFE Price Performance

NASDAQ AMSF opened at $20.69 on Friday. The business’s fifty day moving average price is $24.79 and its 200-day moving average price is $30.90. The stock has a market capitalization of $383.59 million, a price-to-earnings ratio of 13.68 and a beta of 0.24. AMERISAFE has a 1-year low of $20.13 and a 1-year high of $42.10.

AMERISAFE (NASDAQ:AMSF – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.08). The firm had revenue of $79.81 million during the quarter, compared to analysts’ expectations of $84.72 million. AMERISAFE had a return on equity of 13.98% and a net margin of 12.10%. Equities research analysts anticipate that AMERISAFE will post 1.92 EPS for the current year.

AMERISAFE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, December 4th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Friday, December 4th. AMERISAFE’s dividend payout ratio is 76.28%.

Hedge Funds Weigh In On AMERISAFE

Institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new position in AMERISAFE during the second quarter valued at approximately $26,000. Parallel Advisors LLC boosted its position in shares of AMERISAFE by 5,714.3% in the first quarter. Parallel Advisors LLC now owns 814 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 800 shares during the period. Allworth Financial LP bought a new position in shares of AMERISAFE in the second quarter worth approximately $38,000. Quantbot Technologies LP bought a new position in shares of AMERISAFE in the second quarter worth approximately $49,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of AMERISAFE in the second quarter worth approximately $50,000. 97.41% of the stock is owned by institutional investors.

AMERISAFE Company Profile

(Get Free Report)

AMERISAFE, Inc is a specialty workers’ compensation insurance company serving small and midsized businesses. The company focuses on employers in industries with elevated workplace risks, including construction, trucking, logging, agriculture, manufacturing, and maritime operations.

Through its insurance subsidiaries, AMERISAFE provides workers’ compensation coverage designed to protect businesses from costs associated with workplace injuries and occupational illnesses. Its services also include workplace safety and loss-control support, claims management, medical cost containment, and premium audit services.

Headquartered in DeRidder, Louisiana, AMERISAFE primarily serves employers in the southeastern and south-central United States.

See Also

Analyst Recommendations for AMERISAFE (NASDAQ:AMSF)

Receive News & Ratings for AMERISAFE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERISAFE and related companies with MarketBeat.com's FREE daily email newsletter.