Shares of Amerisafe, Inc. (NASDAQ:AMSF) have earned an average rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $64.00.

A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Amerisafe from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. BidaskClub raised shares of Amerisafe from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 18th. ValuEngine raised shares of Amerisafe from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a research note on Thursday, May 2nd.

In other news, CFO Neal Andrew Fuller sold 578 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $61.76, for a total transaction of $35,697.28. Following the transaction, the chief financial officer now directly owns 20,341 shares of the company’s stock, valued at $1,256,260.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Kathryn Housh Shirley sold 1,284 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $61.53, for a total value of $79,004.52. Following the transaction, the executive vice president now directly owns 10,569 shares in the company, valued at $650,310.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,553 shares of company stock worth $218,698. Insiders own 1.70% of the company’s stock.

Several hedge funds have recently modified their holdings of AMSF. Quadrant Capital Group LLC increased its position in shares of Amerisafe by 1,492.2% in the 1st quarter. Quadrant Capital Group LLC now owns 812 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 761 shares during the period. Cresset Asset Management LLC acquired a new position in shares of Amerisafe in the 1st quarter valued at $47,000. Quantamental Technologies LLC acquired a new position in shares of Amerisafe in the 4th quarter valued at $51,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Amerisafe in the 4th quarter valued at $57,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Amerisafe by 36.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,213 shares of the insurance provider’s stock valued at $69,000 after acquiring an additional 322 shares during the period.

NASDAQ:AMSF traded down $1.12 during trading hours on Friday, reaching $59.06. The company’s stock had a trading volume of 87,933 shares, compared to its average volume of 75,493. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 15.30 and a beta of 0.50. Amerisafe has a 12 month low of $50.46 and a 12 month high of $67.96.

Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $92.97 million during the quarter, compared to the consensus estimate of $93.62 million. Amerisafe had a net margin of 19.76% and a return on equity of 17.34%. As a group, equities analysts anticipate that Amerisafe will post 3.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, June 6th. Amerisafe’s payout ratio is presently 25.91%.

Amerisafe Company Profile

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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