The stock of Amerisafe, Inc. (NASDAQ:AMSF) hit a new 52-week high and has $70.15 target or 8.00% above today’s $64.95 share price. The 9 months bullish chart indicates low risk for the $1.25 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $70.15 price target is reached, the company will be worth $100.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. 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 $20.02 million 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 Q2 2016. Its down 0.04, from 1 in 2016Q1. The ratio dived, 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.
State Common Retirement Fund last reported 17,800 shares in the company. Ridgeworth Cap Ltd Liability has invested 0.01% of its portfolio in Amerisafe, Inc. (NASDAQ:AMSF). 1St Global Advsr accumulated 0.03% or 4,095 shares. Metropolitan Life Ins Ny last reported 0.01% of its portfolio in the stock. Marco Management Limited Liability accumulated 3,350 shares or 0.04% of the stock. Jpmorgan Chase And has 0% invested in the company for 131,376 shares. Creative Planning reported 399 shares or 0% of all its holdings. Amer Century Companies has 832,006 shares for 0.07% of their US portfolio. State Of Wisconsin Board has 337,476 shares for 0.08% of their US portfolio. Moreover, Blackrock Gru Ltd has 0% invested in Amerisafe, Inc. (NASDAQ:AMSF) for 29,444 shares. Swiss Bank has invested 0% of its portfolio in Amerisafe, Inc. (NASDAQ:AMSF). Victory Cap Management owns 18,443 shares or 0% of their US portfolio. Louisiana State Employees Retirement holds 8,500 shares or 0.03% of its portfolio. Intrust Bancshares Na last reported 0.13% of its portfolio in the stock. Alliancebernstein Lp last reported 0% of its portfolio in the stock.
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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