AMERISAFE (NASDAQ:AMSF) Issues Earnings Results

AMERISAFE (NASDAQ:AMSF - Get Free Report) released its quarterly earnings data on Tuesday. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.01, Zacks reports. The business had revenue of $83.78 million during the quarter, compared to analysts' expectations of $76.66 million. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%.

AMERISAFE Price Performance

NASDAQ AMSF traded up $0.81 during trading hours on Friday, reaching $46.64. The company's stock had a trading volume of 94,069 shares, compared to its average volume of 109,892. The firm has a fifty day simple moving average of $50.24 and a 200-day simple moving average of $52.15. AMERISAFE has a 52 week low of $41.97 and a 52 week high of $60.24. The stock has a market cap of $888.49 million, a P/E ratio of 14.58 and a beta of 0.41.

AMERISAFE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 13th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, June 13th. AMERISAFE's dividend payout ratio is currently 62.90%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a "market outperform" rating and set a $65.00 target price on shares of AMERISAFE in a research note on Wednesday.

About AMERISAFE

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.