AMERISAFE's (AMSF) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• AMERISAFE (NASDAQ: AMSF) has had its "hold (c)" rating reiterated by Weiss Ratings, amidst various ratings adjustments from other analysts, including a price target decrease to $50.00 by Truist Financial.
• The stock has a current trading price of $41.93 and a consensus rating of "Hold" with an average price target of $57.50.
• During the last quarter, AMERISAFE reported earnings of $0.53 per share, missing estimates by $0.02, but had a revenue of $79.70 million, exceeding expectations.

AMERISAFE (NASDAQ:AMSF - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the company. Truist Financial decreased their price target on AMERISAFE from $54.00 to $50.00 and set a "hold" rating for the company in a research note on Monday, July 28th. Wall Street Zen raised AMERISAFE from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $57.50.

AMERISAFE Stock Performance

Shares of AMSF stock traded down $0.18 on Wednesday, hitting $41.93. The company had a trading volume of 113,677 shares, compared to its average volume of 107,816. The firm has a market cap of $796.25 million, a P/E ratio of 15.88 and a beta of 0.32. The stock's 50-day moving average is $44.82 and its two-hundred day moving average is $46.17. AMERISAFE has a twelve month low of $41.72 and a twelve month high of $60.24.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). The company had revenue of $79.70 million during the quarter, compared to analyst estimates of $77.30 million. AMERISAFE had a net margin of 16.46% and a return on equity of 16.54%. Equities research analysts predict that AMERISAFE will post 2.45 EPS for the current year.

Insider Buying and Selling at AMERISAFE

In other news, CFO Anastasios Omiridis sold 1,343 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $44.75, for a total value of $60,099.25. Following the transaction, the chief financial officer owned 2,253 shares in the company, valued at $100,821.75. This trade represents a 37.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMSF. GAMMA Investing LLC lifted its holdings in shares of AMERISAFE by 6,160.6% in the first quarter. GAMMA Investing LLC now owns 84,080 shares of the insurance provider's stock valued at $4,418,000 after purchasing an additional 82,737 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted 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 acquiring an additional 1,731 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in AMERISAFE during the first quarter worth $509,000. Principal Financial Group Inc. lifted its holdings in AMERISAFE by 2.5% during the first quarter. Principal Financial Group Inc. now owns 94,924 shares of the insurance provider's stock worth $4,988,000 after acquiring an additional 2,288 shares during the period. Finally, Alps Advisors Inc. lifted its holdings in AMERISAFE by 7.8% during the first quarter. Alps Advisors Inc. now owns 106,697 shares of the insurance provider's stock worth $5,607,000 after acquiring an additional 7,686 shares during the period. Institutional investors own 97.41% of the company's stock.

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.

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