AMERISAFE (AMSF) Scheduled to Post Earnings on Wednesday

AMERISAFE (NASDAQ:AMSF) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Wednesday, February 21st. The insurance provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.08. The business had revenue of $73.88 million for the quarter, compared to the consensus estimate of $75.15 million. AMERISAFE had a net margin of 20.24% and a return on equity of 17.19%. On average, analysts expect AMERISAFE to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AMERISAFE Price Performance

AMSF stock opened at $48.85 on Wednesday. The company has a market capitalization of $934.99 million, a PE ratio of 15.12 and a beta of 0.32. AMERISAFE has a 12 month low of $45.34 and a 12 month high of $57.06. The firm’s 50-day moving average is $50.20 and its 200 day moving average is $49.59.

AMERISAFE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from AMERISAFE’s previous quarterly dividend of $0.34. AMERISAFE’s dividend payout ratio (DPR) is currently 45.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AMSF shares. JMP Securities reissued a “market outperform” rating and set a $65.00 target price on shares of AMERISAFE in a research report on Monday. TheStreet raised shares of AMERISAFE from a “c+” rating to a “b-” rating in a research report on Monday, March 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AMSF. PNC Financial Services Group Inc. lifted its position in AMERISAFE by 7.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,591 shares of the insurance provider’s stock valued at $191,000 after buying an additional 248 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in AMERISAFE by 12.9% in the first quarter. Belpointe Asset Management LLC now owns 2,761 shares of the insurance provider’s stock valued at $135,000 after purchasing an additional 316 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of AMERISAFE by 1.2% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 28,117 shares of the insurance provider’s stock valued at $1,499,000 after acquiring an additional 338 shares during the period. Wellington Management Group LLP boosted its holdings in shares of AMERISAFE by 2.0% in the first quarter. Wellington Management Group LLP now owns 21,951 shares of the insurance provider’s stock valued at $1,075,000 after acquiring an additional 426 shares during the period. Finally, First Republic Investment Management Inc. boosted its holdings in shares of AMERISAFE by 5.2% in the first quarter. First Republic Investment Management Inc. now owns 8,689 shares of the insurance provider’s stock valued at $432,000 after acquiring an additional 433 shares during the period. Institutional investors and hedge funds 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.