Amerisafe (NASDAQ:AMSF) Issues Quarterly Earnings Results

Amerisafe (NASDAQ:AMSF) released its quarterly earnings results on Thursday. The insurance provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.31, MarketWatch Earnings reports. The firm had revenue of $83.35 million for the quarter, compared to analysts’ expectations of $80.34 million. Amerisafe had a return on equity of 20.27% and a net margin of 25.63%.

NASDAQ:AMSF opened at $63.46 on Friday. The business’s 50-day simple moving average is $61.48 and its two-hundred day simple moving average is $63.64. The stock has a market cap of $1.23 billion, a PE ratio of 13.70 and a beta of 0.37. Amerisafe has a 52 week low of $48.02 and a 52 week high of $80.65.

In other news, EVP Vincent J. Gagliano sold 2,408 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $63.42, for a total transaction of $152,715.36. Following the completion of the transaction, the executive vice president now owns 20,049 shares in the company, valued at $1,271,507.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

AMSF has been the topic of several research analyst reports. ValuEngine cut Amerisafe from a “hold” rating to a “sell” rating in a report on Friday, May 8th. Boenning Scattergood reaffirmed a “neutral” rating on shares of Amerisafe in a report on Tuesday, July 21st. BidaskClub cut Amerisafe from a “buy” rating to a “hold” rating in a report on Thursday, June 11th. Finally, SunTrust Banks decreased their target price on Amerisafe from $77.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $77.67.

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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Earnings History for Amerisafe (NASDAQ:AMSF)

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