AMERISAFE (NASDAQ:AMSF - Get Free Report) 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. AMERISAFE had a net margin of 18.46% and a return on equity of 16.38%. The company had revenue of $78.70 million during the quarter, compared to analysts' expectations of $75.38 million. During the same period last year, the business earned $0.61 EPS.
AMERISAFE Stock Down 2.1 %
Shares of NASDAQ AMSF traded down $1.19 during midday trading on Friday, hitting $54.98. 164,678 shares of the company's stock were exchanged, compared to its average volume of 125,168. The firm has a market capitalization of $1.05 billion, a PE ratio of 17.13 and a beta of 0.34. AMERISAFE has a 12 month low of $41.97 and a 12 month high of $56.46. The company's 50 day moving average price is $49.33 and its 200 day moving average price is $47.10.
AMERISAFE Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 6th will be paid a $3.37 dividend. This is a positive change from AMERISAFE's previous quarterly dividend of $0.37. The ex-dividend date is Friday, December 6th. This represents a $13.48 annualized dividend and a yield of 24.52%. AMERISAFE's dividend payout ratio is currently 46.11%.
Wall Street Analyst Weigh In
AMSF has been the subject of a number of analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 target price on shares of AMERISAFE in a research report on Tuesday, October 15th. Truist Financial increased their price target on AMERISAFE from $48.00 to $54.00 and gave the company a "hold" rating in a research report on Friday. Finally, StockNews.com raised AMERISAFE from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th.
Check Out Our Latest Stock Report on AMERISAFE
AMERISAFE Company Profile
(
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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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