AMERISAFE, Inc. (NASDAQ:AMSF) Stock Now Rated “Hold” by Wall Street Analysts

AMERISAFE, Inc. (NASDAQ:AMSF) has received a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $33.33.

A number of research firms have commented on AMSF. Weiss Ratings lowered shares of AMERISAFE from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Wall Street Zen downgraded AMERISAFE from a “hold” rating to a “sell” rating in a research note on Sunday, November 8th. Truist Financial lowered their price objective on shares of AMERISAFE from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, October 30th. Citizens Jmp dropped their price objective on AMERISAFE from $40.00 to $35.00 and set a “market outperform” rating for the company in a research report on Thursday, October 29th. Finally, Zacks Research lowered shares of AMERISAFE from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 4th.

Institutional Investors Weigh In On AMERISAFE

Hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new position in AMERISAFE during the second quarter worth $26,000. Parallel Advisors LLC boosted its stake in AMERISAFE by 5,714.3% during the 1st quarter. Parallel Advisors LLC now owns 814 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 800 shares in the last quarter. Allworth Financial LP acquired a new position in shares of AMERISAFE in the 2nd quarter worth approximately $38,000. Quantbot Technologies LP acquired a new position in shares of AMERISAFE in the 2nd quarter worth $49,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in AMERISAFE during the 2nd quarter worth about $50,000. Institutional investors and hedge funds own 97.41% of the company’s stock.

AMERISAFE Trading Up 0.1%

Shares of NASDAQ AMSF opened at $19.32 on Friday. AMERISAFE has a twelve month low of $19.03 and a twelve month high of $42.10. The stock has a fifty day simple moving average of $23.78 and a 200-day simple moving average of $30.18. The stock has a market capitalization of $358.00 million, a PE ratio of 10.44 and a beta of 0.23.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings results on Wednesday, October 28th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.08). The business had revenue of $79.81 million for the quarter, compared to analysts’ expectations of $84.72 million. AMERISAFE had a return on equity of 14.15% and a net margin of 12.10%. On average, equities analysts predict that AMERISAFE will post 1.88 earnings per share for the current year.

AMERISAFE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, December 4th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.64 annualized dividend and a yield of 8.5%. AMERISAFE’s dividend payout ratio (DPR) is 76.28%.

AMERISAFE Company Profile

AMERISAFE, Inc. is a specialty insurance company focused on workers’ compensation coverage for small and midsize businesses with higher-risk operations. Its customers include employers in industries such as construction, trucking, manufacturing, agriculture, forestry and logging, and maritime. The company offers workers’ compensation policies with different pricing structures, including guaranteed-cost and loss-sensitive options. Its services also include safety and loss-control support and claims management, helping policyholders address workplace risks and employee injuries.