Key Points
- CFO Anastasios Omiridis sold 1,247 shares on November 20 at an average price of $40.21 for total proceeds of $50,141.87, reducing his ownership by 32.94% to 2,539 shares; the trade was disclosed in an SEC filing.
- The company announced a special $1.00 dividend payable December 12 to shareholders of record on December 5 (ex-dividend date December 5), which the article cites as a 394.0% yield and a dividend payout ratio of 59.77%.
- AMSF traded around $40.99 mid-day with a market cap of about $775.7M and a P/E of 15.7; the stock’s 52-week range is $39.09–$59.51 and recent quarterly EPS was $0.55 (in line with estimates) while revenue missed at $71.29M.
AMERISAFE, Inc. (NASDAQ:AMSF - Get Free Report) CFO Anastasios Omiridis sold 1,247 shares of the firm's stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $40.21, for a total value of $50,141.87. Following the sale, the chief financial officer owned 2,539 shares in the company, valued at $102,093.19. This trade represents a 32.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
AMERISAFE Stock Performance
Shares of AMSF traded up $0.41 during mid-day trading on Friday, hitting $40.99. 23,847 shares of the company were exchanged, compared to its average volume of 109,977. AMERISAFE, Inc. has a 1-year low of $39.09 and a 1-year high of $59.51. The company has a 50 day moving average of $41.86 and a 200-day moving average of $44.19. The stock has a market cap of $775.69 million, a price-to-earnings ratio of 15.70 and a beta of 0.33.
AMERISAFE (NASDAQ:AMSF - Get Free Report) last announced its earnings results on Wednesday, October 29th. The insurance provider reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. The company had revenue of $71.29 million for the quarter, compared to analysts' expectations of $78.29 million. AMERISAFE had a net margin of 16.12% and a return on equity of 17.16%. Research analysts anticipate that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.
AMERISAFE Dividend Announcement
The business also recently announced a special dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, December 5th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a dividend yield of 394.0%. AMERISAFE's dividend payout ratio (DPR) is 59.77%.
Analyst Upgrades and Downgrades
AMSF has been the subject of several analyst reports. Wall Street Zen cut shares of AMERISAFE from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Citigroup reaffirmed a "market outperform" rating on shares of AMERISAFE in a research note on Thursday, October 30th. Truist Financial reduced their price target on shares of AMERISAFE from $54.00 to $50.00 and set a "hold" rating on the stock in a research note on Monday, July 28th. JMP Securities cut their target price on AMERISAFE from $65.00 to $60.00 and set a "market outperform" rating on the stock in a research report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of AMERISAFE in a research note on Monday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, AMERISAFE presently has an average rating of "Moderate Buy" and a consensus price target of $55.00.
Get Our Latest Report on AMSF
Institutional Investors Weigh In On AMERISAFE
Several hedge funds and other institutional investors have recently made changes to their positions in AMSF. Signaturefd LLC lifted its position in shares of AMERISAFE by 170.5% during the 2nd quarter. Signaturefd LLC now owns 779 shares of the insurance provider's stock worth $34,000 after buying an additional 491 shares during the last quarter. Quarry LP lifted its holdings in shares of AMERISAFE by 346.9% in the 3rd quarter. Quarry LP now owns 943 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 732 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of AMERISAFE by 38.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,633 shares of the insurance provider's stock valued at $72,000 after purchasing an additional 455 shares during the period. PNC Financial Services Group Inc. grew its stake in AMERISAFE by 301.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,554 shares of the insurance provider's stock worth $82,000 after buying an additional 1,167 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in AMERISAFE by 87.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,920 shares of the insurance provider's stock valued at $84,000 after buying an additional 898 shares during the last quarter. Institutional investors and hedge funds own 97.41% of the company's stock.
AMERISAFE Company Profile
(
Get Free Report)
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.
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