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 shares were sold at an average price of $44.75, for a total transaction of $60,099.25. Following the sale, the chief financial officer owned 2,253 shares in the company, valued at approximately $100,821.75. This trade represents a 37.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

AMERISAFE Trading Up 0.4%

NASDAQ AMSF traded up $0.19 on Friday, hitting $44.79. 92,399 shares of the company were exchanged, compared to its average volume of 147,189. The firm has a 50 day moving average of $44.59 and a two-hundred day moving average of $47.79. The company has a market cap of $850.56 million, a P/E ratio of 16.97 and a beta of 0.39. AMERISAFE, Inc. has a 1-year low of $42.48 and a 1-year high of $60.24.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last announced its earnings results on Thursday, July 24th. The insurance provider reported $0.53 earnings per share (EPS) 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 analyst estimates of $77.30 million. Research analysts anticipate that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, September 12th. This represents a $1.56 dividend on an annualized basis and a yield of 3.5%. AMERISAFE's dividend payout ratio is presently 59.09%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of AMERISAFE by 19.1% in the 1st quarter. GAMMA Investing LLC now owns 1,600 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 257 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of AMERISAFE by 7.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,888 shares of the insurance provider's stock worth $214,000 after acquiring an additional 332 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in AMERISAFE by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,842 shares of the insurance provider's stock valued at $559,000 after buying an additional 357 shares during the last quarter. Bank of Montreal Can raised its position in AMERISAFE by 4.6% in the 4th quarter. Bank of Montreal Can now owns 9,375 shares of the insurance provider's stock valued at $483,000 after buying an additional 410 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of AMERISAFE by 170.5% in the second quarter. Signaturefd LLC now owns 779 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 491 shares during the last quarter. 97.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.