FBR & Co Weighs in on Amerisafe Inc.’s FY2016 Earnings (AMSF)
Amerisafe Inc. (NASDAQ:AMSF) – Investment analysts at FBR & Co boosted their FY2016 earnings estimates for shares of Amerisafe in a research note issued to investors on Tuesday. FBR & Co analyst R. Binner now anticipates that the brokerage will post earnings per share of $3.90 for the year, up from their previous forecast of $3.85. FBR & Co currently has a “Buy” rating on the stock.
Separately, Zacks Investment Research raised Amerisafe from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th.
Shares of Amerisafe (NASDAQ:AMSF) traded down 0.68% on Wednesday, reaching $58.35. The company’s stock had a trading volume of 30,634 shares. The company has a market cap of $1.11 billion, a P/E ratio of 13.64 and a beta of 0.72. Amerisafe has a 52-week low of $46.88 and a 52-week high of $64.97. The company has a 50 day moving average price of $59.19 and a 200 day moving average price of $58.42.
Amerisafe (NASDAQ:AMSF) last issued its 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. Amerisafe had a net margin of 20.52% and a return on equity of 16.95%. The firm earned $97.56 million during the quarter, compared to analysts’ expectations of $100.25 million. During the same quarter last year, the firm earned $0.84 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year.
Hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of Amerisafe by 0.7% in the second quarter. Royal Bank of Canada now owns 1,193,645 shares of the company’s stock valued at $73,074,000 after buying an additional 8,831 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Amerisafe by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 948,671 shares of the company’s stock valued at $58,076,000 after buying an additional 7,625 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Amerisafe by 8.6% in the second quarter. Vanguard Group Inc. now owns 885,775 shares of the company’s stock valued at $54,228,000 after buying an additional 69,773 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Amerisafe by 958.6% in the second quarter. American Century Companies Inc. now owns 832,006 shares of the company’s stock valued at $64,543,000 after buying an additional 753,408 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Amerisafe by 37.3% in the second quarter. Neuberger Berman Group LLC now owns 642,996 shares of the company’s stock valued at $39,364,000 after buying an additional 174,560 shares during the last quarter. 96.47% of the stock is currently owned by institutional investors and hedge funds.
In other news, CFO Neal Andrew Fuller sold 1,200 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $57.30, for a total value of $68,760.00. Following the transaction, the chief financial officer now owns 25,060 shares of the company’s stock, valued at approximately $1,435,938. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO G. Janelle Frost sold 15,432 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $59.01, for a total value of $910,642.32. Following the sale, the chief executive officer now directly owns 60,321 shares in the company, valued at approximately $3,559,542.21. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Wednesday, September 7th. Amerisafe’s dividend payout ratio (DPR) is currently 16.78%.
AMERISAFE, Inc (AMERISAFE) is an insurance holding company. The Company provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, manufacturing, agriculture, and oil and gas. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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