AMERISAFE (NASDAQ:AMSF) Announces Earnings Results

AMERISAFE (NASDAQ:AMSF) released its earnings results on Wednesday. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07, Zacks reports. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The firm had revenue of $73.51 million for the quarter, compared to analyst estimates of $77.37 million.

AMERISAFE Stock Performance

Shares of NASDAQ:AMSF traded up $0.40 on Friday, hitting $51.20. 2,594 shares of the company were exchanged, compared to its average volume of 65,857. The company’s 50 day moving average price is $50.57 and its two-hundred day moving average price is $51.62. The firm has a market capitalization of $975.36 million, a price-to-earnings ratio of 16.00 and a beta of 0.35. AMERISAFE has a one year low of $41.97 and a one year high of $60.24.

AMERISAFE Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, March 7th. AMERISAFE’s dividend payout ratio (DPR) is presently 51.21%.

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.