Amerisafe, Inc. (NASDAQ:AMSF) Plans $0.25 Dividend

Amerisafe, Inc. (NASDAQ:AMSF) declared a dividend on Tuesday, October 29th, Fidelity reports. Investors of record on Friday, December 13th will be paid a dividend of 0.25 per share by the insurance provider on Friday, December 27th. The ex-dividend date of this dividend is Thursday, December 12th.

Shares of Amerisafe stock traded down $0.43 during midday trading on Tuesday, reaching $66.85. 1,949 shares of the company’s stock traded hands, compared to its average volume of 84,911. The company has a market cap of $1.30 billion, a PE ratio of 17.36 and a beta of 0.48. The stock has a 50 day moving average of $66.51 and a 200-day moving average of $65.30. Amerisafe has a 12 month low of $50.46 and a 12 month high of $71.99.

Amerisafe (NASDAQ:AMSF) last posted its quarterly earnings data on Thursday, October 31st. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.32. The business had revenue of $91.13 million during the quarter, compared to the consensus estimate of $90.48 million. Amerisafe had a return on equity of 17.50% and a net margin of 20.77%. Research analysts anticipate that Amerisafe will post 3.7 EPS for the current year.

AMSF has been the subject of a number of research reports. ValuEngine downgraded Amerisafe from a “buy” rating to a “hold” rating in a report on Monday, November 4th. B. Riley increased their price objective on Amerisafe from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, BidaskClub upgraded Amerisafe from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Amerisafe presently has an average rating of “Hold” and an average target price of $76.00.

In other Amerisafe news, Director Randy Roach sold 500 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $70.05, for a total value of $35,025.00. Following the completion of the transaction, the director now owns 8,737 shares in the company, valued at $612,026.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO G. Janelle Frost sold 1,625 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $70.02, for a total value of $113,782.50. Following the completion of the transaction, the chief executive officer now owns 58,873 shares of the company’s stock, valued at approximately $4,122,287.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,997 shares of company stock valued at $339,221. 1.70% of the stock is owned by corporate insiders.

About Amerisafe

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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Dividend History for Amerisafe (NASDAQ:AMSF)

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