SunTrust Robinson Humphrey Maintains Amerisafe to Buy with Price Target $67.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Amerisafe(NASDAQ:AMSF). In a research note issued to the investors, the brokerage major Raises the price-target to $67.00 per share. The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Aug 1, 2016.

Amerisafe (AMSF) made into the market gainers list on Mondays trading session with the shares advancing 0.55% or 0.31 points. Due to strong positive momentum, the stock ended at $57, which is also near the day’s high of $57.19. The stock began the session at $56.49 and the volume stood at 1,02,963 shares. The 52-week high of the shares is $64.975 and the 52 week low is $44.54. The company has a current market capitalization of $1,094 M and it has 1,92,01,040 shares in outstanding.

Amerisafe(AMSF) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $90.73M. Analysts had an estimated revenue of $100.25M. Earnings per share were $0.85. Analysts had estimated an EPS of $0.89.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Kathryn Housh Shirley (EVP, General Counsel) sold 375 shares at $60.92 per share price.Also, On May 12, 2016, Vincent J. Gagliano (EVP – Chief Risk Officer) sold 3,200 shares at $57.12 per share price.On Mar 16, 2016, G. Janelle Frost (President & CEO) sold 529 shares at $50.68 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.

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