AMERISAFE (NASDAQ:AMSF) Stock Gets Price Target Reduction from Citizens Jmp

AMERISAFE (NASDAQ:AMSF) had its target price lowered by Citizens Jmp from $40.00 to $35.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a market outperform rating on the insurance provider’s stock.

Several other brokerages have also recently issued reports on AMSF. Weiss Ratings reissued a “sell (d+)” rating on shares of AMERISAFE in a report on Monday, October 26th. Morgan Stanley set a $40.00 target price on AMERISAFE in a research note on Monday, October 12th. Citigroup reaffirmed a “market outperform” rating on shares of AMERISAFE in a report on Monday, October 12th. Wall Street Zen cut AMERISAFE from a “hold” rating to a “sell” rating in a research report on Tuesday, October 20th. Finally, Truist Financial cut their target price on shares of AMERISAFE from $32.00 to $27.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.33.

AMERISAFE Price Performance

NASDAQ AMSF opened at $20.91 on Thursday. The company has a market capitalization of $387.67 million, a PE ratio of 9.73 and a beta of 0.24. The company has a fifty day moving average of $24.90 and a 200 day moving average of $30.98. AMERISAFE has a 1 year low of $20.87 and a 1 year high of $42.10.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, October 28th. The insurance provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.08). The business had revenue of $79.81 million during the quarter, compared to analysts’ expectations of $84.72 million. AMERISAFE had a net margin of 12.10% and a return on equity of 14.15%. Research analysts expect that AMERISAFE will post 1.92 earnings per share for the current year.

AMERISAFE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, December 4th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.64 dividend on an annualized basis and a yield of 7.8%. AMERISAFE’s dividend payout ratio (DPR) is currently 76.28%.

Institutional Investors Weigh In On AMERISAFE

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new position in AMERISAFE during the second quarter valued at $26,000. Parallel Advisors LLC grew 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 valued at $27,000 after purchasing an additional 800 shares during the period. Allworth Financial LP increased its stake in shares of AMERISAFE by 317.8% during the second quarter. Allworth Financial LP now owns 1,124 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 855 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of AMERISAFE by 148.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,571 shares of the insurance provider’s stock worth $52,000 after purchasing an additional 938 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of AMERISAFE during the 2nd quarter worth about $49,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.

More AMERISAFE News

Here are the key news stories impacting AMERISAFE this week:

• Positive Sentiment: AMERISAFE declared a quarterly dividend of $0.41 per share, or $1.64 annualized, representing an approximately 7.1% yield. The dividend is payable December 11 to shareholders of record December 4. AMERISAFE dividend and earnings report
• Positive Sentiment: Management expects workers’ compensation loss costs to decline by roughly 5% to 6% into 2027, which could support underwriting profitability if pricing and claims trends stabilize. AMERISAFE loss cost outlook
• Neutral Sentiment: Citizens lowered its price target from $40 to $35 but maintained a “market outperform” rating, while Truist cut its target from $27 to $25 and retained a “hold” rating. Both targets remain above the current trading level, but the reductions signal lower near-term earnings expectations. AMERISAFE Citizens price target
• Negative Sentiment: Third-quarter adjusted earnings were $0.40 per share, below estimates near $0.47-$0.49 and down from $0.55 a year earlier. Revenue of approximately $76.7 million to $79.8 million also missed expectations of roughly $84.7-$85.9 million. AMERISAFE third-quarter earnings miss
• Negative Sentiment: The quarter marked a fifth consecutive earnings decline, while eroding margins, higher commission costs and falling new-business volumes raised concerns about operating leverage and competitive pricing. AMERISAFE Q3 earnings and margin report

About AMERISAFE

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.