AMERISAFE (NASDAQ:AMSF) Raised to “Hold” at Zacks Research

AMERISAFE (NASDAQ:AMSF – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Other equities analysts also recently issued reports about the company. Wall Street Zen upgraded AMERISAFE from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings cut AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Finally, Truist Financial reduced their price objective on AMERISAFE from $34.00 to $32.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $44.00.

Check Out Our Latest Report on AMERISAFE

AMERISAFE Stock Up 0.5%

AMSF opened at $23.87 on Monday. The stock has a market cap of $442.55 million, a PE ratio of 9.62 and a beta of 0.23. The business has a 50 day moving average of $26.77 and a 200-day moving average of $30.37. AMERISAFE has a 52 week low of $23.20 and a 52 week high of $43.99.

AMERISAFE (NASDAQ:AMSF – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The insurance provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). The firm had revenue of $91.97 million for the quarter, compared to analysts’ expectations of $85.09 million. AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%. Equities analysts anticipate that AMERISAFE will post 1.97 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMSF. Clearstead Advisors LLC increased its holdings in shares of AMERISAFE by 142.4% in the fourth quarter. Clearstead Advisors LLC now owns 657 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 386 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of AMERISAFE by 159.6% in the 4th quarter. Hantz Financial Services Inc. now owns 714 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 439 shares during the last quarter. Diversified Trust Co grew its holdings in AMERISAFE by 4.5% during the 1st quarter. Diversified Trust Co now owns 10,693 shares of the insurance provider’s stock valued at $356,000 after purchasing an additional 460 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of AMERISAFE during the 2nd quarter worth approximately $26,000. Finally, Parallel Advisors LLC boosted its stake in shares of AMERISAFE by 5,714.3% during the first quarter. Parallel Advisors LLC now owns 814 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 800 shares during the period. 97.41% of the stock is currently owned by institutional investors.

About AMERISAFE

(Get Free Report)

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.

Further Reading

Analyst Recommendations for AMERISAFE (NASDAQ:AMSF)

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