Stock Mover of the Day: Amerisafe, Inc.’s Stock Is Buy After Reaching Record High

Stock Mover of the Day: Amerisafe, Inc.'s Stock Is Buy After Reaching Record High

The stock of Amerisafe, Inc. (NASDAQ:AMSF) reached all time high today, Nov, 30 and still has $67.08 target or 4.00% above today’s $64.50 share price. This indicates more upside for the $1.25B company. This technical setup was reported by Barchart.com. If the $67.08 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. About 38,421 shares traded hands. Amerisafe, Inc. (NASDAQ:AMSF) has risen 27.34% since April 27, 2016 and is uptrending. It has outperformed by 22.11% the S&P500.

Analysts await Amerisafe, Inc. (NASDAQ:AMSF) to report earnings on February, 22. They expect $1.04 EPS, down 13.33% or $0.16 from last year’s $1.2 per share. AMSF’s profit will be $20.16 million for 15.50 P/E if the $1.04 EPS becomes a reality. After $0.93 actual EPS 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 turned 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.
Northern Tru Corp accumulated 0.01% or 533,817 shares. Metropolitan Life Ins has invested 0.01% of its portfolio in Amerisafe, Inc. (NASDAQ:AMSF). Fincl Bank Of Montreal Can owns 77,553 shares or 0.01% of their US portfolio. Renaissance Technologies Limited Liability Corporation last reported 0.01% of its portfolio in the stock. Shinko Asset Management Limited accumulated 58,060 shares or 0.02% of the stock. Amp Cap has invested 0% of its portfolio in Amerisafe, Inc. (NASDAQ:AMSF). Moreover, Dana has 0.11% invested in Amerisafe, Inc. (NASDAQ:AMSF) for 42,201 shares. Legal General Gru Public Limited Co reported 2,683 shares or 0% of all its holdings. The Ohio-based Victory Cap Management has invested 0% in Amerisafe, Inc. (NASDAQ:AMSF). Zebra Mngmt Limited Liability Com holds 0.27% or 12,540 shares in its portfolio. Pinebridge Investments Limited Partnership last reported 2,433 shares in the company. Fund Mngmt last reported 0% of its portfolio in the stock. Thomson Horstmann And Bryant Inc last reported 0.14% of its portfolio in the stock. Ls Advisors Llc accumulated 663 shares or 0% of the stock. Tygh Cap Mngmt Inc, a Oregon-based fund reported 74,830 shares.

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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