AMERISAFE (NASDAQ:AMSF) Stock Rating Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded AMERISAFE from “sell” to “hold,” bringing the overall analyst consensus to “Hold” with an average price target of $44.00.
• AMSF opened at $24.41, near its one-year low of $23.20, with its 50-day and 200-day moving averages at $25.78 and $29.87, respectively.
• AMERISAFE’s latest quarterly results included EPS of $0.44, below the $0.52 consensus estimate, while revenue of $91.97 million exceeded expectations of $85.09 million; institutional investors own 97.41% of the stock.

AMERISAFE (NASDAQ:AMSF - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Monday, Wall Street Zen reports.

Other equities research analysts have also issued reports about the stock. Zacks Research upgraded shares of AMERISAFE from a "strong sell" rating to a "hold" rating in a report on Monday, September 28th. Weiss Ratings downgraded shares of AMERISAFE from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, July 28th. Finally, Truist Financial dropped their price target on shares of AMERISAFE from $34.00 to $32.00 and set a "hold" rating for the company in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, AMERISAFE has a consensus rating of "Hold" and an average target price of $44.00.

AMERISAFE Stock Performance

AMSF stock opened at $24.41 on Monday. The firm has a market cap of $452.56 million, a PE ratio of 9.84 and a beta of 0.24. The firm's fifty day moving average is $25.78 and its 200 day moving average is $29.87. AMERISAFE has a one year low of $23.20 and a one year high of $42.22.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). The company had revenue of $91.97 million for the quarter, compared to analysts' expectations of $85.09 million. AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%. Research analysts predict that AMERISAFE will post 1.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMERISAFE

Several institutional investors have recently made changes to their positions in AMSF. Diversified Trust Co grew its position in shares of AMERISAFE by 4.5% in the first quarter. Diversified Trust Co now owns 10,693 shares of the insurance provider's stock valued at $356,000 after purchasing an additional 460 shares during the period. Global Retirement Partners LLC acquired a new position in AMERISAFE in the second quarter valued at $26,000. Parallel Advisors LLC grew its position in AMERISAFE by 5,714.3% during the first quarter. Parallel Advisors LLC now owns 814 shares of the insurance provider's stock valued at $27,000 after acquiring an additional 800 shares during the period. Allworth Financial LP grew its position in AMERISAFE by 317.8% during the second quarter. Allworth Financial LP now owns 1,124 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 855 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in AMERISAFE by 148.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,571 shares of the insurance provider's stock valued at $52,000 after acquiring an additional 938 shares during the period. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

About AMERISAFE

AMERISAFE, Inc NASDAQ: AMSF is a specialty workers' compensation insurance company serving small and midsize employers in industries with elevated workplace risks. The company provides coverage designed to help businesses manage the costs associated with work-related injuries and occupational illnesses.

Its primary markets include construction, trucking, logging, agriculture, maritime operations, oil and gas, and other hazardous industries. In addition to insurance coverage, AMERISAFE emphasizes workplace safety, risk management, claims handling and return-to-work support to help policyholders reduce accidents and manage employee injuries.

Headquartered in DeRidder, Louisiana, AMERISAFE has historically focused on selected U.S.

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