Amerisafe (AMSF) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $1.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.46. Analysts had a consensus of $0.81. The company posted revenue of $100.38 million in the period, compared to analysts expectations of $99.78 million. The company’s revenue was down -.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.
Amerisafe opened for trading at $51.8 and hit $52.56 on the upside on Friday, eventually ending the session at $51.99, with a gain of 0.12% or 0.06 points. The heightened volatility saw the trading volume jump to 88,825 shares. Company has a market cap of $995 M.
In a different news, on Mar 21, 2016, Vincent J. Gagliano (EVP – Chief Risk Officer) sold 3,200 shares at $52.05 per share price. According to the SEC, on Mar 16, 2016, G. Janelle Frost (President & CEO) sold 529 shares at $50.68 per share price. On Mar 16, 2016, C Allen Jr Bradley (Executive Chairman) sold 3,006 shares at $51.00 per share price, according to the Form-4 filing with the securities and exchange commission.
AMERISAFE Inc. (AMERISAFE) is an insurance holding company. The Company is a provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries including construction trucking manufacturing oil and gas and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries. The Company 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. The Company is licensed to provide workers’ compensation insurance in 47 states the District of Columbia and the United States Virgin Islands. The Company sells its workers’ compensation insurance through agencies and also through its wholly owned insurance agency subsidiary Amerisafe General Agency which is licensed in 27 states.