Boenning Scattergood Reaffirms “Hold” Rating for Amerisafe (AMSF)

Boenning Scattergood reissued their hold rating on shares of Amerisafe (NASDAQ:AMSF) in a research note released on Thursday. Boenning Scattergood also issued estimates for Amerisafe’s FY2020 earnings at $2.95 EPS.

AMSF has been the topic of several other reports. ValuEngine raised shares of Amerisafe from a hold rating to a buy rating in a research note on Friday, July 20th. BidaskClub raised shares of Amerisafe from a sell rating to a hold rating in a research note on Tuesday, October 9th. Keefe, Bruyette & Woods set a $61.00 price target on shares of Amerisafe and gave the company a hold rating in a research note on Thursday, August 2nd. Zacks Investment Research raised shares of Amerisafe from a hold rating to a buy rating and set a $71.00 price objective on the stock in a research note on Wednesday, October 10th. Finally, JMP Securities raised their price objective on shares of Amerisafe from $65.00 to $67.00 and gave the company a market outperform rating in a research note on Thursday, August 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of $66.33.

AMSF opened at $66.92 on Thursday. Amerisafe has a one year low of $52.00 and a one year high of $67.96. The company has a market cap of $1.29 billion, a PE ratio of 21.73 and a beta of 0.70.



Amerisafe (NASDAQ:AMSF) last released its quarterly earnings results on Wednesday, October 24th. The insurance provider reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.26. Amerisafe had a net margin of 14.15% and a return on equity of 15.21%. The business had revenue of $93.28 million for the quarter, compared to analysts’ expectations of $94.39 million. On average, analysts anticipate that Amerisafe will post 3.62 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.22 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.88 dividend on an annualized basis and a yield of 1.32%. Amerisafe’s payout ratio is presently 28.57%.

In other Amerisafe news, CFO Neal Andrew Fuller sold 2,291 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $63.61, for a total value of $145,730.51. Following the transaction, the chief financial officer now directly owns 20,919 shares of the company’s stock, valued at $1,330,657.59. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Randy Roach sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $63.50, for a total transaction of $50,800.00. Following the completion of the transaction, the director now directly owns 8,422 shares in the company, valued at $534,797. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its stake in Amerisafe by 3.4% in the second quarter. Rhumbline Advisers now owns 61,538 shares of the insurance provider’s stock valued at $3,554,000 after acquiring an additional 2,044 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Amerisafe by 2.4% in the first quarter. Principal Financial Group Inc. now owns 147,518 shares of the insurance provider’s stock valued at $8,150,000 after acquiring an additional 3,514 shares during the last quarter. Legal & General Group Plc boosted its stake in Amerisafe by 2.5% in the first quarter. Legal & General Group Plc now owns 35,735 shares of the insurance provider’s stock valued at $1,972,000 after acquiring an additional 867 shares during the last quarter. Barclays PLC boosted its stake in Amerisafe by 36.3% in the first quarter. Barclays PLC now owns 7,658 shares of the insurance provider’s stock valued at $423,000 after acquiring an additional 2,039 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in Amerisafe by 22.8% in the second quarter. Aperio Group LLC now owns 10,233 shares of the insurance provider’s stock valued at $591,000 after acquiring an additional 1,899 shares during the last quarter.

About Amerisafe

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.

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