AMERISAFE (NASDAQ:AMSF) Sets New 52-Week Low – Here’s What Happened

by · The Markets Daily

AMERISAFE, Inc. (NASDAQ:AMSFGet Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $36.23 and last traded at $36.37, with a volume of 109436 shares. The stock had previously closed at $36.73.

Analyst Ratings Changes

Several analysts have weighed in on AMSF shares. JMP Securities lowered their price target on AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 14th. Weiss Ratings restated a “hold (c-)” rating on shares of AMERISAFE in a report on Monday, December 29th. Citigroup reissued a “market outperform” rating on shares of AMERISAFE in a report on Friday, January 16th. Wall Street Zen lowered AMERISAFE from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Citizens Jmp lowered their target price on AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating for the company in a research note on Friday, January 16th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, AMERISAFE has an average rating of “Moderate Buy” and an average price target of $55.00.

Get Our Latest Report on AMERISAFE

AMERISAFE Price Performance

The firm has a market capitalization of $711.58 million, a PE ratio of 14.41 and a beta of 0.36. The firm has a 50-day simple moving average of $38.47 and a 200-day simple moving average of $41.74.

AMERISAFE (NASDAQ:AMSFGet Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. AMERISAFE had a net margin of 16.12% and a return on equity of 16.94%. The company had revenue of $71.29 million for the quarter, compared to the consensus estimate of $78.29 million. Equities analysts expect that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

Insider Buying and Selling

In other AMERISAFE news, CFO Anastasios Omiridis sold 1,247 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $40.21, for a total transaction of $50,141.87. Following the completion of the transaction, the chief financial officer owned 2,539 shares of the company’s stock, valued at $102,093.19. This represents a 32.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.61% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMSF. State of New Jersey Common Pension Fund D lifted its position in AMERISAFE by 20.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 55,553 shares of the insurance provider’s stock valued at $2,134,000 after purchasing an additional 9,533 shares during the last quarter. R Squared Ltd lifted its holdings in shares of AMERISAFE by 109.2% in the 4th quarter. R Squared Ltd now owns 47,053 shares of the insurance provider’s stock valued at $1,807,000 after acquiring an additional 24,565 shares during the last quarter. Teacher Retirement System of Texas increased its stake in AMERISAFE by 34.7% during the fourth quarter. Teacher Retirement System of Texas now owns 156,059 shares of the insurance provider’s stock worth $5,994,000 after acquiring an additional 40,164 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in AMERISAFE by 41.1% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 21,470 shares of the insurance provider’s stock valued at $825,000 after purchasing an additional 6,250 shares during the period. Finally, Third View Private Wealth LLC bought a new stake in shares of AMERISAFE in the 4th quarter valued at approximately $281,000. 97.41% of the stock is owned by hedge funds and other institutional investors.

AMERISAFE Company Profile

(Get Free Report)

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.

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