AMERISAFE (NASDAQ:AMSF) Hits New 1-Year Low – Should You Sell?

AMERISAFE, Inc. (NASDAQ:AMSF) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $29.42 and last traded at $29.4840, with a volume of 88000 shares trading hands. The stock had previously closed at $29.73.

Wall Street Analysts Forecast Growth

AMSF has been the topic of a number of analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of AMERISAFE in a research note on Friday, January 16th. Truist Financial cut their target price on AMERISAFE from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Morgan Stanley set a $55.00 target price on AMERISAFE in a research note on Friday, January 16th. Weiss Ratings raised AMERISAFE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Finally, Wall Street Zen cut AMERISAFE from a “sell” rating to a “strong sell” rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

AMERISAFE Stock Down 0.4%

The company has a market cap of $553.52 million, a P/E ratio of 12.18 and a beta of 0.23. The firm has a 50 day moving average of $32.99 and a 200-day moving average of $36.95.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). AMERISAFE had a return on equity of 15.34% and a net margin of 14.27%.The firm had revenue of $80.09 million during the quarter, compared to the consensus estimate of $90.49 million. On average, research analysts predict that AMERISAFE, Inc. will post 2.08 EPS for the current fiscal year.

AMERISAFE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 12th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.64 annualized dividend and a yield of 5.5%. AMERISAFE’s dividend payout ratio is 67.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AMSF. Clearstead Advisors LLC grew its stake in 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 in the last quarter. Hantz Financial Services Inc. grew its stake in AMERISAFE by 159.6% in the fourth quarter. Hantz Financial Services Inc. now owns 714 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 439 shares in the last quarter. Quarry LP grew its stake in AMERISAFE by 346.9% in the third quarter. Quarry LP now owns 943 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 732 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in AMERISAFE during the 4th quarter valued at $54,000. Finally, Danske Bank A S bought a new stake in AMERISAFE during the 4th quarter valued at $73,000. Institutional investors own 97.41% of the company’s stock.

AMERISAFE Company Profile

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.