AMERISAFE, Inc. (NASDAQ:AMSF) Receives Average Recommendation of “Hold” from Brokerages

Shares of AMERISAFE, Inc. (NASDAQ:AMSF) have earned an average rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $44.00.

A number of equities research analysts recently weighed in on the stock. Citizens Jmp lowered their target price on shares of AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating on the stock in a research note on Monday, April 13th. Wall Street Zen raised shares of AMERISAFE from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Truist Financial decreased their price target on shares of AMERISAFE from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Zacks Research cut shares of AMERISAFE from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Weiss Ratings upgraded shares of AMERISAFE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th.

AMERISAFE Stock Performance

NASDAQ:AMSF opened at $30.61 on Wednesday. AMERISAFE has a 52-week low of $29.42 and a 52-week high of $47.86. The stock has a fifty day moving average of $32.28 and a 200 day moving average of $33.73. The firm has a market capitalization of $567.51 million, a price-to-earnings ratio of 12.34 and a beta of 0.23.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%. The business had revenue of $91.97 million during the quarter, compared to analysts’ expectations of $85.09 million. Equities analysts forecast that AMERISAFE will post 2 earnings per share for the current fiscal year.

AMERISAFE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, September 11th. AMERISAFE’s dividend payout ratio (DPR) is currently 66.13%.

Institutional Trading of AMERISAFE

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clearstead Advisors LLC grew its position in AMERISAFE by 142.4% during the fourth quarter. Clearstead Advisors LLC now owns 657 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 386 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings 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 worth $27,000 after acquiring an additional 439 shares during the last quarter. Diversified Trust Co boosted its stake in shares of AMERISAFE by 4.5% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of AMERISAFE by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,313 shares of the insurance provider’s stock valued at $594,000 after purchasing an additional 471 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of AMERISAFE by 1.4% during the 4th quarter. Swiss National Bank now owns 37,400 shares of the insurance provider’s stock valued at $1,437,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

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.