AMERISAFE (NASDAQ:AMSF – Get Free Report) announced its earnings results on Monday. The insurance provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.03), Yahoo Finance reports. AMERISAFE had a net margin of 19.97% and a return on equity of 16.76%. The firm had revenue of $75.83 million during the quarter, compared to analysts’ expectations of $74.20 million. During the same period in the prior year, the company posted $0.73 EPS.
AMERISAFE Stock Down 2.9 %
AMSF stock traded down $1.44 during trading on Tuesday, hitting $48.24. The company had a trading volume of 10,754 shares, compared to its average volume of 128,686. The firm has a market capitalization of $923.31 million, a P/E ratio of 15.48 and a beta of 0.33. AMERISAFE has a 52-week low of $41.97 and a 52-week high of $54.87. The company has a 50 day simple moving average of $44.61 and a 200-day simple moving average of $47.53.
Insider Buying and Selling
In related news, Director Michael J. Brown purchased 1,000 shares of AMERISAFE stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of $43.52 per share, with a total value of $43,520.00. Following the purchase, the director now directly owns 10,055 shares of the company’s stock, valued at approximately $437,593.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.45% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
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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.
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