Amerisafe Inc. (AMSF) Shares Gap Up to $57.74
Amerisafe Inc. (NASDAQ:AMSF) gapped up prior to trading on Thursday . The stock had previously closed at $57.65, but opened at $57.74. Amerisafe shares last traded at $58.19, with a volume of 29,001 shares trading hands.
A number of equities research analysts recently issued reports on AMSF shares. Zacks Investment Research raised Amerisafe from a “sell” rating to a “hold” rating in a research report on Thursday. FBR & Co reissued a “buy” rating on shares of Amerisafe in a research report on Friday, July 29th.
The firm has a 50-day moving average of $59.81 and a 200-day moving average of $55.71. The company has a market cap of $1.11 billion and a PE ratio of 13.64.
Amerisafe (NASDAQ:AMSF) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by $0.04. During the same quarter in the previous year, the business earned $0.84 EPS. The business earned $97.56 million during the quarter, compared to analysts’ expectations of $100.25 million. The company’s revenue was down 2.4% on a year-over-year basis. On average, equities research analysts forecast that Amerisafe Inc. will post $4.00 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be given a $0.18 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.23%.
Several large investors recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its stake in Amerisafe by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 130,996 shares of the company’s stock worth $6,668,000 after buying an additional 6,038 shares during the period. Dean Investment Associates LLC raised its stake in Amerisafe by 2.6% in the fourth quarter. Dean Investment Associates LLC now owns 63,125 shares of the company’s stock worth $3,213,000 after buying an additional 1,615 shares during the period. Rhumbline Advisers raised its stake in Amerisafe by 3.2% in the fourth quarter. Rhumbline Advisers now owns 30,795 shares of the company’s stock worth $1,567,000 after buying an additional 950 shares during the period. California Public Employees Retirement System raised its stake in Amerisafe by 11.1% in the fourth quarter. California Public Employees Retirement System now owns 84,000 shares of the company’s stock worth $4,276,000 after buying an additional 8,400 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Amerisafe by 33.6% in the fourth quarter. Wells Fargo & Company MN now owns 206,665 shares of the company’s stock worth $10,520,000 after buying an additional 52,022 shares during the period.
AMERISAFE, Inc (AMERISAFE) is an insurance holding company. The Company is a provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, including construction, trucking, manufacturing, oil and gas and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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