AMERISAFE (NASDAQ:AMSF) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of AMERISAFE (NASDAQ:AMSF) from a sell rating to a hold rating in a report published on Saturday.

Other analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AMERISAFE in a report on Monday, December 29th. JMP Securities cut their target price on shares of AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 14th. Morgan Stanley set a $55.00 price target on AMERISAFE in a report on Friday, January 16th. Citizens Jmp cut their price objective on AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating for the company in a report on Friday, January 16th. Finally, Citigroup reissued a “market outperform” rating on shares of AMERISAFE in a report on Friday, January 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

AMERISAFE Trading Up 1.8%

Shares of AMSF opened at $37.61 on Friday. The company has a market cap of $711.58 million, a price-to-earnings ratio of 14.41 and a beta of 0.36. The business’s fifty day simple moving average is $38.47 and its two-hundred day simple moving average is $41.72. AMERISAFE has a 12 month low of $36.23 and a 12 month high of $53.27.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. AMERISAFE had a return on equity of 16.94% and a net margin of 16.12%.The firm had revenue of $71.29 million for the quarter, compared to the consensus estimate of $78.29 million. As a group, research analysts forecast that AMERISAFE will post 2.45 EPS for the current year.

Insider Buying and Selling

In other AMERISAFE news, CFO Anastasios Omiridis sold 1,247 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $40.21, for a total transaction of $50,141.87. Following the sale, the chief financial officer owned 2,539 shares in the company, valued at approximately $102,093.19. This trade represents a 32.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.61% of the company’s stock.

Institutional Trading of AMERISAFE

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its holdings in AMERISAFE by 170.5% in the 2nd quarter. Signaturefd LLC now owns 779 shares of the insurance provider’s stock worth $34,000 after buying an additional 491 shares during the period. Quarry LP raised its holdings in AMERISAFE by 346.9% during the third quarter. Quarry LP now owns 943 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 732 shares during the period. GAMMA Investing LLC boosted its stake in shares of AMERISAFE by 38.6% in the third quarter. GAMMA Investing LLC now owns 1,633 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 455 shares during the period. Tower Research Capital LLC TRC grew its position in shares of AMERISAFE by 87.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,920 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 898 shares in the last quarter. Finally, Harbor Asset Planning Inc. bought a new stake in AMERISAFE during the 2nd quarter valued at approximately $113,000. 97.41% of the stock is owned by hedge funds and other institutional investors.

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.