AMERISAFE, Inc. (AMSF) to Issue Quarterly Dividend of $0.20 on December 28th
AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Shareholders of record on Thursday, December 14th will be given a dividend of 0.20 per share by the insurance provider on Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Wednesday, December 13th.
AMERISAFE (NASDAQ AMSF) opened at $66.25 on Friday. AMERISAFE has a 12 month low of $51.20 and a 12 month high of $69.40. The firm has a market cap of $1,275.88, a price-to-earnings ratio of 19.27 and a beta of 0.87.
AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings data on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The firm had revenue of $92.90 million for the quarter, compared to analyst estimates of $92.04 million. During the same period last year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. equities analysts predict that AMERISAFE will post 3.22 EPS for the current fiscal year.
In related news, CEO G. Janelle Frost sold 1,728 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $66.74, for a total transaction of $115,326.72. Following the transaction, the chief executive officer now directly owns 54,322 shares of the company’s stock, valued at $3,625,450.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Neal Andrew Fuller sold 1,850 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $56.94, for a total transaction of $105,339.00. Following the transaction, the chief financial officer now directly owns 23,210 shares in the company, valued at $1,321,577.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
A number of research analysts have weighed in on AMSF shares. Zacks Investment Research raised shares of AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Friday, September 1st. Boenning Scattergood started coverage on shares of AMERISAFE in a research note on Monday, September 25th. They issued a “neutral” rating on the stock. FBR & Co reaffirmed a “buy” rating on shares of AMERISAFE in a research note on Wednesday, October 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $69.00 price objective on shares of AMERISAFE in a research note on Friday, October 27th. Finally, B. Riley reaffirmed a “buy” rating on shares of AMERISAFE in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.00.
Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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