AMERISAFE (NASDAQ:AMSF) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

AMERISAFE (NASDAQ:AMSF) posted its quarterly earnings data on Wednesday. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02, Yahoo Finance reports. The business had revenue of $78.70 million during the quarter, compared to analysts’ expectations of $75.38 million. AMERISAFE had a net margin of 18.46% and a return on equity of 16.38%. During the same period last year, the firm posted $0.61 earnings per share.

AMERISAFE Trading Down 2.1 %

Shares of NASDAQ:AMSF traded down $1.19 during trading on Friday, hitting $54.98. 164,623 shares of the company’s stock were exchanged, compared to its average volume of 125,168. The firm has a market cap of $1.05 billion, a P/E ratio of 17.44 and a beta of 0.34. The firm has a 50-day moving average price of $49.19 and a two-hundred day moving average price of $47.05. AMERISAFE has a 1-year low of $41.97 and a 1-year high of $56.46.

AMERISAFE Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 6th will be paid a $3.37 dividend. The ex-dividend date is Friday, December 6th. This is an increase from AMERISAFE’s previous quarterly dividend of $0.37. This represents a $13.48 dividend on an annualized basis and a dividend yield of 24.52%. AMERISAFE’s payout ratio is currently 46.11%.

Wall Street Analyst Weigh In

AMSF has been the subject of several research analyst reports. StockNews.com upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. JMP Securities reiterated a “market outperform” rating and issued a $65.00 target price on shares of AMERISAFE in a research note on Tuesday, October 15th. Finally, Truist Financial raised their price target on shares of AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday.

AMERISAFE Company Profile

AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.