Stock of the Day: Amerisafe, Inc. on Focus After Trading At All-Time Highs

Stock of the Day: Amerisafe, Inc. on Focus After Trading At All Time Highs

The stock of Amerisafe, Inc. (NASDAQ:AMSF) reached all time high today, Nov, 25 and still has $67.55 target or 4.00% above today’s $64.95 share price. This indicates more upside for the $1.25 billion company. This technical setup was reported by Barchart.com. If the $67.55 PT is reached, the company will be worth $50.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.72% or $1.1 during the last trading session, hitting $64.95. About 41,408 shares traded hands. Amerisafe, Inc. (NASDAQ:AMSF) has risen 22.81% since April 22, 2016 and is uptrending. It has outperformed by 17.40% the S&P500.

Analysts await Amerisafe, Inc. (NASDAQ:AMSF) to report earnings on February, 22. They expect $1.04 earnings per share, down 13.33% or $0.16 from last year’s $1.2 per share. AMSF’s profit will be $20.02M for 15.61 P/E if the $1.04 EPS becomes a reality. After $0.93 actual earnings per share reported by Amerisafe, Inc. for the previous quarter, Wall Street now forecasts 11.83% EPS growth.

According to Zacks Investment Research, “Amerisafe, Inc. is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging, agriculture, oil and gas, maritime and sawmills.”

Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.04, from 1 in 2016Q1. The ratio is negative, as 12 funds sold all Amerisafe, Inc. shares owned while 60 reduced positions. 14 funds bought stakes while 58 increased positions. They now own 18.18 million shares or 2.23% less from 18.59 million shares in 2016Q1.
Kcg Hldg Inc reported 9,761 shares or 0.01% of all its holdings. State Teachers Retirement Sys last reported 15,476 shares in the company. Huntington Commercial Bank holds 0% or 401 shares in its portfolio. Panagora Asset, a Massachusetts-based fund reported 76,290 shares. Marco Invest Ltd Com accumulated 0.04% or 3,350 shares. Analytic Investors Llc last reported 19,582 shares in the company. Dean Inv Assoc Limited Co holds 0.8% or 66,700 shares in its portfolio. Cortina Asset Mgmt Limited Co accumulated 264,208 shares or 0.73% of the stock. Da Davidson And Co, a Montana-based fund reported 816 shares. Arizona State Retirement System, a Arizona-based fund reported 9,955 shares. State Board Of Administration Of Florida Retirement Sys has 20,570 shares for 0% of their US portfolio. Wellington Mgmt Group Llp reported 518,563 shares or 0.01% of all its holdings. New York State Common Retirement Fund, a New York-based fund reported 17,800 shares. Citadel Advisors Ltd Limited Liability Company accumulated 4,051 shares or 0% of the stock. Walleye Trading Ltd Liability Corporation reported 100 shares or 0% of all its holdings.

Another recent and important Amerisafe, Inc. (NASDAQ:AMSF) news was published by Seekingalpha.com which published an article titled: “Amerisafe: Undervalued Insurance Play” on October 12, 2016.

AMSF Company Profile

AMERISAFE, Inc. (AMERISAFE), incorporated on October 28, 1985, is an insurance holding company. The Firm provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, manufacturing, agriculture, and gas and oil. It is engaged in underwriting the workers’ compensation exposures inherent in these industries. The Firm provides coverage to employers under state and federal workers’ compensation laws. The Company’s workers’ compensation insurance policies provide benefits to injured employees for, temporary or permanent disability, death and medical and hospital expenses.

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