AMERISAFE, Inc. (NASDAQ:AMSF) CFO Anastasios Omiridis Sells 1,343 Shares

Key Points

• AMERISAFE, Inc. CFO Anastasios Omiridis sold 1,343 shares of stock for a total of $60,099.25, resulting in a 37.35% decrease in his position.
• The company reported a miss in earnings per share at $0.53, below the consensus estimate of $0.55, despite revenue exceeding expectations at $79.70 million.
• AMERISAFE announced a quarterly dividend of $0.39 per share, with a dividend yield of 3.5%, to be paid on September 26th.

AMERISAFE, Inc. (NASDAQ:AMSF - Get Free Report) CFO Anastasios Omiridis sold 1,343 shares of AMERISAFE stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $44.75, for a total value of $60,099.25. Following the completion of the sale, the chief financial officer owned 2,253 shares in the company, valued at approximately $100,821.75. The trade was a 37.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

AMERISAFE Stock Up 0.8%

NASDAQ AMSF traded up $0.36 on Friday, reaching $44.96. The stock had a trading volume of 4,811 shares, compared to its average volume of 106,144. The firm has a market capitalization of $853.70 million, a price-to-earnings ratio of 17.03 and a beta of 0.39. AMERISAFE, Inc. has a 12-month low of $42.48 and a 12-month high of $60.24. The stock has a fifty day moving average price of $44.65 and a two-hundred day moving average price of $47.87.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.02). AMERISAFE had a return on equity of 16.54% and a net margin of 16.46%. The company had revenue of $79.70 million for the quarter, compared to analysts' expectations of $77.30 million. Sell-side analysts forecast that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, September 12th. AMERISAFE's dividend payout ratio is currently 59.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial lowered their price objective on AMERISAFE from $54.00 to $50.00 and set a "hold" rating on the stock in a report on Monday, July 28th. JMP Securities restated a "market outperform" rating and set a $65.00 target price on shares of AMERISAFE in a report on Wednesday, April 30th. Finally, Wall Street Zen upgraded AMERISAFE from a "sell" rating to a "hold" rating in a report on Saturday, July 26th.

Hedge Funds Weigh In On AMERISAFE

Several large investors have recently bought and sold shares of AMSF. Allspring Global Investments Holdings LLC purchased a new stake in shares of AMERISAFE in the first quarter valued at about $509,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in AMERISAFE by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,524 shares of the insurance provider's stock worth $818,000 after purchasing an additional 1,731 shares in the last quarter. Deutsche Bank AG raised its holdings in AMERISAFE by 52.0% during the fourth quarter. Deutsche Bank AG now owns 18,610 shares of the insurance provider's stock worth $959,000 after purchasing an additional 6,366 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in AMERISAFE by 92.1% during the fourth quarter. Nuveen Asset Management LLC now owns 161,815 shares of the insurance provider's stock worth $8,340,000 after purchasing an additional 77,582 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in AMERISAFE during the fourth quarter worth about $359,000. Institutional investors and hedge funds own 97.41% of the company's stock.

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.