Amerisafe, Inc. (NASDAQ:AMSF) announced a quarterly dividend on Tuesday, February 27th, Wall Street Journal reports. Stockholders of record on Friday, March 9th will be given a dividend of 0.22 per share by the insurance provider on Friday, March 23rd. This represents a $0.88 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, March 8th. This is an increase from Amerisafe’s previous quarterly dividend of $0.20.
Shares of Amerisafe (NASDAQ:AMSF) opened at $56.35 on Wednesday. The company has a market capitalization of $1,072.00, a P/E ratio of 23.48 and a beta of 0.86. Amerisafe has a 1-year low of $51.20 and a 1-year high of $67.82.
Amerisafe (NASDAQ:AMSF) last released its quarterly earnings data on Monday, February 26th. The insurance provider reported $0.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.13). The firm had revenue of $94.94 million for the quarter, compared to the consensus estimate of $92.71 million. Amerisafe had a net margin of 12.32% and a return on equity of 12.69%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 EPS. equities analysts forecast that Amerisafe will post 3.22 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on AMSF shares. ValuEngine upgraded Amerisafe from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Boenning Scattergood restated a “hold” rating on shares of Amerisafe in a report on Tuesday, February 27th. BidaskClub downgraded Amerisafe from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Zacks Investment Research downgraded Amerisafe from a “hold” rating to a “strong sell” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $66.00.
In related news, CEO G. Janelle Frost sold 7,500 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $55.53, for a total transaction of $416,475.00. Following the completion of the sale, the chief executive officer now owns 69,322 shares in the company, valued at $3,849,450.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathryn Housh Shirley sold 691 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $55.52, for a total value of $38,364.32. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
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.