AMERISAFE, Inc. (NASDAQ:AMSF)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $53.66 and last traded at $53.66, with a volume of 58 shares. The stock had previously closed at $54.83.
The firm’s 50-day simple moving average is $57.02 and its 200 day simple moving average is $61.11. The stock has a market capitalization of $1.06 billion, a P/E ratio of 11.12 and a beta of 0.35.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Tuesday, July 27th. The insurance provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.73 by $0.31. AMERISAFE had a net margin of 28.28% and a return on equity of 17.63%. The firm had revenue of $76.69 million for the quarter, compared to analysts’ expectations of $78.04 million. Equities research analysts expect that AMERISAFE, Inc. will post 3.22 EPS for the current fiscal year.
In other AMERISAFE news, Director Philip A. Garcia bought 2,228 shares of the stock in a transaction on Wednesday, August 25th. The shares were bought at an average price of $56.44 per share, with a total value of $125,748.32. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Philip A. Garcia bought 2,772 shares of the stock in a transaction on Thursday, August 19th. The shares were acquired at an average cost of $56.49 per share, for a total transaction of $156,590.28. Following the purchase, the director now owns 16,415 shares in the company, valued at $927,283.35. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in AMERISAFE by 5.6% during the 1st quarter. BlackRock Inc. now owns 3,195,957 shares of the insurance provider’s stock valued at $204,539,000 after acquiring an additional 168,191 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of AMERISAFE by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,257,889 shares of the insurance provider’s stock valued at $75,083,000 after buying an additional 23,646 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of AMERISAFE by 2.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,247,112 shares of the insurance provider’s stock valued at $74,440,000 after buying an additional 29,221 shares in the last quarter. Eaton Vance Management grew its stake in shares of AMERISAFE by 102.6% in the 1st quarter. Eaton Vance Management now owns 766,543 shares of the insurance provider’s stock valued at $49,059,000 after buying an additional 388,275 shares in the last quarter. Finally, State Street Corp grew its stake in shares of AMERISAFE by 4.8% in the 2nd quarter. State Street Corp now owns 660,507 shares of the insurance provider’s stock valued at $39,426,000 after buying an additional 30,195 shares in the last quarter. 96.83% of the stock is currently owned by institutional investors.
About AMERISAFE (NASDAQ:AMSF)
AMERISAFE, Inc is a holding company, which engages the provision of workers’ compensation insurance focused on small to mid-sized employers. It focuses on the businesses in construction, Marine, oil and gas, trucking, logging and lumber, manufacturing, and agriculture. The company was founded by Millard E.
Featured Article: What is an economic bubble?
Receive News & Ratings for AMERISAFE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERISAFE and related companies with MarketBeat.com's FREE daily email newsletter.