AMERISAFE (NASDAQ:AMSF) Announces Quarterly Earnings Results

AMERISAFE (NASDAQ:AMSF) announced its earnings results on Wednesday. The insurance provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07, Zacks reports. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%.

AMERISAFE Trading Down 1.3 %

NASDAQ:AMSF traded down $0.67 during trading hours on Wednesday, hitting $50.83. The company had a trading volume of 48,494 shares, compared to its average volume of 113,335. AMERISAFE has a 1 year low of $41.97 and a 1 year high of $60.24. The company has a market cap of $968.31 million, a P/E ratio of 15.88 and a beta of 0.35. The company has a 50-day moving average of $50.61 and a 200 day moving average of $51.63.

AMERISAFE Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.07%. AMERISAFE’s dividend payout ratio is presently 46.25%.

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.