Amerisafe, Inc. (NASDAQ:AMSF) EVP Vincent J. Gagliano sold 249 shares of Amerisafe stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $60.15, for a total value of $14,977.35. Following the transaction, the executive vice president now owns 17,178 shares of the company’s stock, valued at $1,033,256.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Amerisafe traded up $0.35, hitting $60.20, during trading on Tuesday, Marketbeat reports. 77,100 shares of the company traded hands, compared to its average volume of 91,314. The stock has a market cap of $1.15 billion, a P/E ratio of 19.47 and a beta of 0.84. Amerisafe, Inc. has a 1 year low of $51.20 and a 1 year high of $67.82.
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Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings results on Wednesday, April 25th. The insurance provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The company had revenue of $94.60 million during the quarter, compared to analysts’ expectations of $92.52 million. Amerisafe had a return on equity of 13.55% and a net margin of 13.14%. research analysts anticipate that Amerisafe, Inc. will post 3.17 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, June 7th. Amerisafe’s payout ratio is currently 28.57%.
A number of institutional investors and hedge funds have recently modified their holdings of AMSF. Elkfork Partners LLC acquired a new stake in Amerisafe in the fourth quarter valued at approximately $162,000. Marco Investment Management LLC acquired a new stake in Amerisafe in the fourth quarter valued at approximately $206,000. Jefferies Group LLC acquired a new stake in Amerisafe in the fourth quarter valued at approximately $216,000. SG Americas Securities LLC acquired a new stake in Amerisafe in the first quarter valued at approximately $272,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Amerisafe in the first quarter valued at approximately $296,000.
Several research analysts recently weighed in on the company. TheStreet upgraded Amerisafe from a “c+” rating to a “b” rating in a research report on Thursday, April 26th. BidaskClub upgraded Amerisafe from a “sell” rating to a “hold” rating in a research report on Saturday. Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a research report on Tuesday, February 27th. ValuEngine upgraded Amerisafe from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research cut Amerisafe from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $62.67.
Amerisafe Company Profile
AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.
