AMERISAFE (NASDAQ:AMSF) Hits New 12-Month Low – Here’s What Happened

AMERISAFE, Inc. (NASDAQ:AMSF)’s share price reached a new 52-week low on Monday . The stock traded as low as $27.02 and last traded at $27.2450, with a volume of 25974 shares trading hands. The stock had previously closed at $27.65.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMSF. Zacks Research lowered AMERISAFE from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Wall Street Zen raised AMERISAFE from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Truist Financial cut their price target on AMERISAFE from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Thursday, July 23rd. Finally, Weiss Ratings downgraded AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $44.00.

AMERISAFE Stock Up 0.5%

The company has a market capitalization of $491.87 million, a PE ratio of 10.70 and a beta of 0.24. The business has a 50 day simple moving average of $31.58 and a 200 day simple moving average of $32.78.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). AMERISAFE had a return on equity of 14.87% and a net margin of 14.00%.The business had revenue of $91.97 million for the quarter, compared to analysts’ expectations of $85.09 million. Equities analysts expect that AMERISAFE, Inc. will post 1.97 EPS for the current fiscal year.

AMERISAFE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Friday, September 11th. AMERISAFE’s dividend payout ratio is presently 66.13%.

Hedge Funds Weigh In On AMERISAFE

Institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC grew its holdings in AMERISAFE by 142.4% during the fourth quarter. Clearstead Advisors LLC now owns 657 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 386 shares during the period. Hantz Financial Services Inc. boosted its position in AMERISAFE by 159.6% in the 4th quarter. Hantz Financial Services Inc. now owns 714 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 439 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in AMERISAFE in the 2nd quarter worth approximately $26,000. Parallel Advisors LLC grew its stake in shares of AMERISAFE by 5,714.3% during the 1st quarter. Parallel Advisors LLC now owns 814 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 800 shares during the period. Finally, Quarry LP grew its stake in shares of AMERISAFE by 346.9% during the 3rd quarter. Quarry LP now owns 943 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 732 shares during the period. Hedge funds and other institutional investors own 97.41% of the company’s stock.

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.