AMERISAFE, Inc. (NASDAQ:AMSF – Get Free Report) declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Friday, September 11th will be paid a dividend of 0.41 per share by the insurance provider on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, September 11th.
AMERISAFE has decreased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 12 consecutive years. AMERISAFE has a dividend payout ratio of 74.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AMERISAFE to earn $2.05 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 80.0%.
AMERISAFE Stock Down 8.3%
NASDAQ:AMSF opened at $31.15 on Thursday. The company’s 50 day moving average price is $32.34 and its 200-day moving average price is $33.94. AMERISAFE has a 52 week low of $29.42 and a 52 week high of $47.86. The stock has a market cap of $582.50 million, a price-to-earnings ratio of 12.56 and a beta of 0.23.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Truist Financial reduced their price objective on AMERISAFE from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Citizens Jmp cut their target price on shares of AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Wall Street Zen raised AMERISAFE from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings upgraded AMERISAFE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.67.
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.
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