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 note published on Monday,Wall Street Zen reports.

Several other brokerages also recently commented on AMSF. Zacks Research upgraded AMERISAFE from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Weiss Ratings downgraded shares of AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Finally, Truist Financial lowered their price target on AMERISAFE from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Thursday, July 23rd. Two investment 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.67.

View Our Latest Stock Report on AMERISAFE

AMERISAFE Stock Down 0.0%

NASDAQ AMSF opened at $24.64 on Monday. The stock has a market capitalization of $456.83 million, a PE ratio of 12.32 and a beta of 0.24. The company has a 50 day moving average price of $25.46 and a two-hundred day moving average price of $29.69. AMERISAFE has a 12-month low of $23.20 and a 12-month high of $42.21.

AMERISAFE (NASDAQ:AMSF – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The business had revenue of $91.97 million for the quarter, compared to the consensus estimate of $85.09 million. AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%. As a group, equities analysts anticipate that AMERISAFE will post 1.95 EPS for the current year.

AMERISAFE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.64 annualized dividend and a yield of 6.7%. AMERISAFE’s dividend payout ratio is 66.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AMSF. Global Retirement Partners LLC bought a new stake in AMERISAFE in the 2nd quarter valued at $26,000. Parallel Advisors LLC raised its holdings in shares of AMERISAFE by 5,714.3% in the 1st quarter. Parallel Advisors LLC now owns 814 shares of the insurance provider’s stock worth $27,000 after buying an additional 800 shares in the last quarter. Allworth Financial LP bought a new position in shares of AMERISAFE during the 2nd quarter worth approximately $38,000. Quantbot Technologies LP bought a new position in shares of AMERISAFE during the 2nd quarter worth approximately $49,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in AMERISAFE in the 2nd quarter valued at $50,000. 97.41% of the stock is owned by institutional investors.

About AMERISAFE

(Get Free Report)

AMERISAFE, Inc (NASDAQ: AMSF) is a specialty workers’ compensation insurance company serving small and midsize employers in industries with elevated workplace risks. The company provides coverage designed to help businesses manage the costs associated with work-related injuries and occupational illnesses.

Its primary markets include construction, trucking, logging, agriculture, maritime operations, oil and gas, and other hazardous industries. In addition to insurance coverage, AMERISAFE emphasizes workplace safety, risk management, claims handling and return-to-work support to help policyholders reduce accidents and manage employee injuries.

Headquartered in DeRidder, Louisiana, AMERISAFE has historically focused on selected U.S.

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