BidaskClub cut shares of Amerisafe (NASDAQ:AMSF) from a hold rating to a sell rating in a report published on Wednesday morning.
A number of other equities research analysts also recently weighed in on the company. ValuEngine raised Amerisafe from a hold rating to a buy rating in a report on Thursday, March 1st. Zacks Investment Research downgraded Amerisafe from a hold rating to a strong sell rating in a report on Tuesday, March 6th. Finally, Boenning Scattergood reissued a hold rating on shares of Amerisafe in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Amerisafe presently has a consensus rating of Hold and a consensus price target of $66.00.
Shares of Amerisafe (NASDAQ AMSF) opened at $57.05 on Wednesday. Amerisafe has a twelve month low of $51.20 and a twelve month high of $67.82. The stock has a market capitalization of $1,097.98, a price-to-earnings ratio of 18.46 and a beta of 0.86.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.54%. This is an increase from Amerisafe’s previous quarterly dividend of $0.20. Amerisafe’s dividend payout ratio (DPR) is currently 36.67%.
In other news, EVP Vincent J. Gagliano sold 820 shares of Amerisafe stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $55.22, for a total transaction of $45,280.40. Following the completion of the sale, the executive vice president now owns 16,680 shares of the company’s stock, valued at $921,069.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO G. Janelle Frost sold 1,421 shares of Amerisafe stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $55.42, for a total value of $78,751.82. Following the sale, the chief executive officer now directly owns 60,401 shares of the company’s stock, valued at approximately $3,347,423.42. The disclosure for this sale can be found here. Insiders have sold 10,432 shares of company stock valued at $578,872 in the last three months. Insiders own 2.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Elkfork Partners LLC bought a new position in shares of Amerisafe in the fourth quarter worth $162,000. Marco Investment Management LLC bought a new position in shares of Amerisafe in the fourth quarter worth $206,000. Jefferies Group LLC bought a new position in shares of Amerisafe in the fourth quarter worth $216,000. Wolverine Trading LLC bought a new position in shares of Amerisafe in the third quarter worth $206,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Amerisafe in the third quarter worth $227,000. 99.52% of the stock is owned by institutional investors.
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.
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