AMERISAFE (NASDAQ:AMSF) Announces Quarterly Earnings Results

AMERISAFE (NASDAQ:AMSF) issued its quarterly earnings results on Wednesday. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02, Yahoo Finance reports. AMERISAFE had a net margin of 18.46% and a return on equity of 16.38%. The company had revenue of $78.70 million for the quarter, compared to analyst estimates of $75.38 million. During the same period in the prior year, the firm earned $0.61 earnings per share.

AMERISAFE Price Performance

Shares of AMERISAFE stock traded down $1.19 during trading hours on Friday, hitting $54.98. The company had a trading volume of 164,624 shares, compared to its average volume of 125,168. The company’s 50-day moving average is $49.19 and its two-hundred day moving average is $47.05. The company has a market cap of $1.05 billion, a P/E ratio of 17.44 and a beta of 0.34. AMERISAFE has a twelve month low of $41.97 and a twelve month high of $56.46.

AMERISAFE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be given a dividend of $3.37 per share. This represents a $13.48 annualized dividend and a dividend yield of 24.52%. The ex-dividend date is Friday, December 6th. This is an increase from AMERISAFE’s previous quarterly dividend of $0.37. AMERISAFE’s payout ratio is currently 46.11%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. JMP Securities reiterated a “market outperform” rating and issued a $65.00 target price on shares of AMERISAFE in a report on Tuesday, October 15th. Finally, Truist Financial increased their price target on AMERISAFE from $48.00 to $54.00 and gave the company a “hold” rating in a research report on Friday.

About AMERISAFE

AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.