AMERISAFE (NASDAQ:AMSF) Stock Moved Down to Sell by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of AMERISAFE (NASDAQ:AMSF – Free Report) from a hold rating to a sell rating in a report issued on Sunday,Wall Street Zen reports.

Several other analysts have also issued reports on the company. Truist Financial cut their price objective on AMERISAFE from $34.00 to $32.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. Weiss Ratings downgraded AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Finally, Zacks Research raised AMERISAFE from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.00.

Read Our Latest Stock Report on AMERISAFE

AMERISAFE Stock Performance

Shares of AMSF opened at $23.59 on Friday. The company has a market capitalization of $437.36 million, a PE ratio of 9.51 and a beta of 0.24. The company’s 50 day moving average price is $26.35 and its 200 day moving average price is $30.17. AMERISAFE has a 52 week low of $23.20 and a 52 week high of $43.73.

AMERISAFE (NASDAQ:AMSF – Get Free Report) last released its earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share (EPS) 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 company had revenue of $91.97 million during the quarter, compared to analysts’ expectations of $85.09 million. On average, equities analysts forecast that AMERISAFE will post 1.97 earnings per share for the current fiscal year.

AMERISAFE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, September 11th. This represents a $1.64 annualized dividend and a dividend yield of 7.0%. AMERISAFE’s dividend payout ratio is 66.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMSF. Hantz Financial Services Inc. boosted its holdings in AMERISAFE by 159.6% in the fourth 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 bought a new position in AMERISAFE during the second quarter valued at about $26,000. Parallel Advisors LLC raised its holdings in AMERISAFE by 5,714.3% during the first quarter. Parallel Advisors LLC now owns 814 shares of the insurance provider’s stock valued at $27,000 after buying an additional 800 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of AMERISAFE in the second quarter worth about $38,000. Finally, Quantbot Technologies LP acquired a new stake in shares of AMERISAFE in the second quarter worth about $49,000. Institutional investors own 97.41% of the company’s stock.

AMERISAFE Company Profile

(Get Free Report)

AMERISAFE, Inc (NASDAQ: AMSF) is a specialty workers’ compensation insurance company serving small and midsize employers in industries with elevated workplace risks. The company provides coverage designed to help businesses manage the costs associated with work-related injuries and occupational illnesses.

Its primary markets include construction, trucking, logging, agriculture, maritime operations, oil and gas, and other hazardous industries. In addition to insurance coverage, AMERISAFE emphasizes workplace safety, risk management, claims handling and return-to-work support to help policyholders reduce accidents and manage employee injuries.

Headquartered in DeRidder, Louisiana, AMERISAFE has historically focused on selected U.S.

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