AMERISAFE (NASDAQ:AMSF) Posts Quarterly Earnings Results

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

AMERISAFE Stock Up 1.3 %

AMERISAFE stock traded up $0.66 during trading hours on Friday, hitting $51.46. 105,784 shares of the company traded hands, compared to its average volume of 112,794. The firm has a market cap of $980.31 million, a P/E ratio of 16.08 and a beta of 0.35. The firm's 50-day simple moving average is $50.55 and its two-hundred day simple moving average is $51.73. AMERISAFE has a 1-year low of $41.97 and a 1-year high of $60.24.

AMERISAFE Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.56 annualized dividend and a yield of 3.03%. AMERISAFE's payout ratio is 51.21%.

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.