AMERISAFE (NASDAQ:AMSF) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

AMERISAFE (NASDAQ:AMSF) issued its quarterly earnings results on Wednesday. The insurance provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02, Yahoo Finance reports. The company had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $75.38 million. AMERISAFE had a return on equity of 16.38% and a net margin of 18.46%. During the same period in the prior year, the firm earned $0.61 earnings per share.

AMERISAFE Price Performance

Shares of AMSF traded down $1.19 during trading hours on Friday, hitting $54.98. The stock had a trading volume of 164,678 shares, compared to its average volume of 125,168. AMERISAFE has a 12 month low of $41.97 and a 12 month high of $56.46. The stock has a fifty day moving average price of $49.33 and a 200 day moving average price of $47.10. The firm has a market capitalization of $1.05 billion, a PE ratio of 17.13 and a beta of 0.34.

AMERISAFE Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be issued a dividend of $3.37 per share. This represents a $13.48 annualized dividend and a dividend yield of 24.52%. This is a boost from AMERISAFE’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, December 6th. AMERISAFE’s dividend payout ratio is presently 46.11%.

Wall Street Analyst Weigh In

AMSF has been the subject of several research reports. StockNews.com upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price objective on shares of AMERISAFE in a research report on Tuesday, October 15th. Finally, Truist Financial boosted their price target on AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday.

AMERISAFE Company Profile

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.