Q4 2018 EPS Estimates for Amerisafe, Inc. Lifted by Analyst (AMSF)
Amerisafe, Inc. (NASDAQ:AMSF) – Analysts at Boenning Scattergood upped their Q4 2018 EPS estimates for shares of Amerisafe in a report released on Tuesday. Boenning Scattergood analyst R. Farnam now expects that the insurance provider will earn $0.93 per share for the quarter, up from their previous estimate of $0.89. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Amerisafe’s Q1 2019 earnings at $0.77 EPS and Q4 2019 earnings at $0.89 EPS.
AMSF has been the subject of several other reports. BidaskClub lowered Amerisafe from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine raised Amerisafe from a “hold” rating to a “buy” rating in a report on Thursday. Finally, B. Riley reissued a “buy” rating on shares of Amerisafe in a report on Monday, November 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Amerisafe has a consensus rating of “Buy” and an average target price of $66.00.
Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings data on Monday, February 26th. The insurance provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.13). Amerisafe had a net margin of 12.32% and a return on equity of 12.69%. The firm had revenue of $94.94 million for the quarter, compared to the consensus estimate of $92.71 million. During the same period last year, the company posted $1.04 earnings per share. Amerisafe’s revenue for the quarter was down 3.7% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.22 dividend. This is a positive change from Amerisafe’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, March 8th. Amerisafe’s dividend payout ratio (DPR) is presently 33.33%.
In other news, EVP Kathryn Housh Shirley sold 691 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $55.52, for a total value of $38,364.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO G. Janelle Frost sold 7,500 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $55.53, for a total value of $416,475.00. Following the completion of the transaction, the chief executive officer now directly owns 69,322 shares of the company’s stock, valued at $3,849,450.66. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in shares of Amerisafe by 64.6% in the third quarter. Sei Investments Co. now owns 18,335 shares of the insurance provider’s stock worth $1,068,000 after acquiring an additional 7,195 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Amerisafe in the fourth quarter worth $3,640,000. Nisa Investment Advisors LLC boosted its holdings in shares of Amerisafe by 186.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the insurance provider’s stock worth $881,000 after acquiring an additional 9,300 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Amerisafe by 5.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 85,245 shares of the insurance provider’s stock worth $4,962,000 after acquiring an additional 4,613 shares during the period. Finally, Granite Investment Partners LLC boosted its holdings in shares of Amerisafe by 6.2% in the third quarter. Granite Investment Partners LLC now owns 187,372 shares of the insurance provider’s stock worth $10,905,000 after acquiring an additional 10,902 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.
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Amerisafe Company Profile
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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