Amerisafe (AMSF) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Amerisafe (NASDAQ:AMSF) from a buy rating to a hold rating in a report issued on Monday.

According to Zacks, “Amerisafe's shares have outperformed its industry in a year's time. Its revenue growth catching up along with a rebound in net investment income should aid its top-line growth. Its strong balance sheet is another positive. The company's consistently increasing return on equity highlights its efficiency in using shareholder’s funds. Amerisafe’s efficient claims management, good underwriting results, favorable loss and frequency trends, prudent reserve analytics, and improved operating leverage also bode well. However, a rise in expenses remains a headwind for the company. Its exposure to product concentration is another concern. A Zacks Rank #3 and Earnings ESP of 0.00% leaves us inconclusive of an earnings surprise as it reports fourth quarter results on Feb 27.”

Several other analysts have also recently weighed in on AMSF. BidaskClub upgraded shares of Amerisafe from a sell rating to a hold rating in a report on Thursday, January 31st. ValuEngine cut shares of Amerisafe from a buy rating to a hold rating in a report on Wednesday, January 9th. Finally, Boenning Scattergood reiterated a hold rating on shares of Amerisafe in a report on Thursday, October 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Amerisafe has a consensus rating of Buy and a consensus target price of $65.67.

NASDAQ:AMSF opened at $63.25 on Monday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 20.54 and a beta of 0.53. Amerisafe has a twelve month low of $50.46 and a twelve month high of $67.96.

A number of institutional investors have recently made changes to their positions in AMSF. Tygh Capital Management Inc. purchased a new position in Amerisafe during the fourth quarter valued at $10,513,000. Teachers Advisors LLC lifted its position in Amerisafe by 387.2% during the third quarter. Teachers Advisors LLC now owns 179,962 shares of the insurance provider’s stock valued at $11,149,000 after buying an additional 143,027 shares during the period. Eaton Vance Management purchased a new position in Amerisafe during the fourth quarter valued at $6,184,000. Walthausen & Co. LLC purchased a new position in Amerisafe during the third quarter valued at $6,575,000. Finally, Morgan Stanley lifted its position in Amerisafe by 117.2% during the third quarter. Morgan Stanley now owns 138,608 shares of the insurance provider’s stock valued at $8,587,000 after buying an additional 74,804 shares during the period.

Amerisafe Company Profile

AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.

See Also: Debt-To-Equity Ratio

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