AMERISAFE (NASDAQ:AMSF – Get Free Report) 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
Check Out Our Latest Stock Report on AMERISAFE
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.
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