AMERISAFE, Inc. (NASDAQ:AMSF) posted its quarterly earnings results on Tuesday. The insurance provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08, Bloomberg Earnings reports. AMERISAFE had a net margin of 17.17% and a return on equity of 14.04%. The business had revenue of $92.90 million during the quarter, compared to analyst estimates of $92.04 million. During the same period in the previous year, the business posted $0.93 EPS. The company’s quarterly revenue was down 5.4% on a year-over-year basis.
Shares of AMERISAFE (NASDAQ:AMSF) remained flat at $59.80 during mid-day trading on Wednesday. 57,819 shares of the stock were exchanged. The company’s 50-day moving average price is $57.88 and its 200 day moving average price is $56.75. The firm has a market cap of $1.15 billion, a PE ratio of 17.43 and a beta of 0.88. AMERISAFE has a 12 month low of $51.20 and a 12 month high of $69.40.
In other AMERISAFE news, CFO Neal Andrew Fuller sold 1,850 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $56.94, for a total value of $105,339.00. Following the sale, the chief financial officer now owns 23,210 shares of the company’s stock, valued at approximately $1,321,577.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Randy Roach sold 500 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $56.90, for a total transaction of $28,450.00. Following the completion of the sale, the director now directly owns 8,399 shares in the company, valued at approximately $477,903.10. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Several research firms have recently commented on AMSF. FBR & Co reaffirmed a “buy” rating on shares of AMERISAFE in a report on Wednesday. Boenning Scattergood began coverage on shares of AMERISAFE in a report on Monday, September 25th. They issued a “neutral” rating for the company. BidaskClub raised shares of AMERISAFE from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Zacks Investment Research lowered shares of AMERISAFE from a “buy” rating to a “hold” rating in a report on Friday, September 15th.
Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.