Amerisafe, Inc. (NASDAQ:AMSF) – Equities researchers at Boenning Scattergood dropped their Q1 2020 earnings per share estimates for shares of Amerisafe in a research report issued to clients and investors on Thursday, July 18th. Boenning Scattergood analyst R. Farnam now anticipates that the insurance provider will post earnings per share of $0.70 for the quarter, down from their previous estimate of $0.71. Boenning Scattergood currently has a “Hold” rating on the stock.
Other equities analysts have also recently issued research reports about the stock. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Amerisafe has an average rating of “Hold” and a consensus price target of $66.33.
Amerisafe (NASDAQ:AMSF) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Amerisafe had a net margin of 19.76% and a return on equity of 17.34%. The firm had revenue of $92.97 million for the quarter, compared to analysts’ expectations of $93.62 million.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its holdings in Amerisafe by 1,492.2% in the first quarter. Quadrant Capital Group LLC now owns 812 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 761 shares during the period. Advisor Group Inc. grew its holdings in Amerisafe by 38.1% in the fourth quarter. Advisor Group Inc. now owns 1,370 shares of the insurance provider’s stock worth $78,000 after purchasing an additional 378 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in Amerisafe in the fourth quarter worth about $102,000. BNP Paribas Arbitrage SA grew its holdings in Amerisafe by 204.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,515 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 3,033 shares during the period. Finally, Piedmont Investment Advisors Inc. lifted its stake in shares of Amerisafe by 5.9% in the first quarter. Piedmont Investment Advisors Inc. now owns 4,852 shares of the insurance provider’s stock worth $288,000 after buying an additional 270 shares in the last quarter.
In related news, CFO Neal Andrew Fuller sold 885 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $59.68, for a total transaction of $52,816.80. Following the transaction, the chief financial officer now owns 22,110 shares in the company, valued at $1,319,524.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Vincent J. Gagliano sold 654 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $60.04, for a total transaction of $39,266.16. Following the transaction, the executive vice president now owns 17,492 shares in the company, valued at approximately $1,050,219.68. The disclosure for this sale can be found here. Insiders sold 4,125 shares of company stock worth $246,441 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.
Amerisafe Company Profile
AMERISAFE, Inc, an insurance holding company, underwrites 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 provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.
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