Q3 2023 Earnings Estimate for AMERISAFE, Inc. (NASDAQ:AMSF) Issued By Zacks Research

Posted by on Jun 5th, 2023

AMERISAFE, Inc. (NASDAQ:AMSF – Get Rating) – Equities research analysts at Zacks Research raised their Q3 2023 earnings per share (EPS) estimates for AMERISAFE in a report issued on Friday, June 2nd. Zacks Research analyst K. Dey now forecasts that the insurance provider will earn $0.66 per share for the quarter, up from their previous forecast of $0.65. The consensus estimate for AMERISAFE’s current full-year earnings is $2.91 per share. Zacks Research also issued estimates for AMERISAFE’s FY2023 earnings at $2.87 EPS, Q1 2024 earnings at $0.57 EPS, FY2024 earnings at $2.36 EPS and Q1 2025 earnings at $0.59 EPS.

A number of other equities research analysts have also weighed in on AMSF. Janney Montgomery Scott initiated coverage on AMERISAFE in a research note on Friday, February 24th. They set a “neutral” rating and a $58.00 price objective for the company. StockNews.com began coverage on AMERISAFE in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, TheStreet downgraded AMERISAFE from a “b-” rating to a “c” rating in a report on Wednesday, April 26th.

AMERISAFE Stock Performance

AMSF stock opened at $53.13 on Monday. AMERISAFE has a 1 year low of $44.72 and a 1 year high of $60.49. The firm has a market cap of $1.02 billion, a P/E ratio of 18.38 and a beta of 0.34. The stock has a 50-day simple moving average of $52.88 and a 200-day simple moving average of $52.96.

Institutional Trading of AMERISAFE

Several hedge funds and other institutional investors have recently modified their holdings of AMSF. Point72 Hong Kong Ltd acquired a new stake in AMERISAFE during the second quarter valued at $35,000. Quadrant Capital Group LLC lifted its position in shares of AMERISAFE by 256.7% in the third quarter. Quadrant Capital Group LLC now owns 824 shares of the insurance provider’s stock worth $39,000 after buying an additional 593 shares during the last quarter. Point72 Middle East FZE acquired a new stake in shares of AMERISAFE in the fourth quarter worth about $48,000. UBS Group AG lifted its position in shares of AMERISAFE by 248.5% in the third quarter. UBS Group AG now owns 1,150 shares of the insurance provider’s stock worth $54,000 after buying an additional 820 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of AMERISAFE by 30.9% in the first quarter. Captrust Financial Advisors now owns 2,671 shares of the insurance provider’s stock worth $133,000 after buying an additional 631 shares during the last quarter. Institutional investors and hedge funds own 97.54% of the company’s stock.

AMERISAFE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 16th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Thursday, June 15th. AMERISAFE’s payout ratio is 47.06%.

About AMERISAFE

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AMERISAFE, Inc engages the provision of workers’ compensation insurance focused on small to mid-sized employers. The firm covers the construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime industries. The company was founded by Millard E. Morris in 1985 and is headquartered in DeRidder, LA.

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Earnings History and Estimates for AMERISAFE (NASDAQ:AMSF)

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