Boenning & Scattergood Keeps Their Hold Rating on Amerisafe (AMSF)


In a report released today, Robert Farnam from Boenning & Scattergood maintained a Hold rating on Amerisafe (NASDAQ: AMSF). The company’s shares opened today at $64.85, close to its 52-week high of $65.50.

According to TipRanks.com, Farnam is a 1-star analyst with an average return of -1.9% and a 46.2% success rate. Farnam covers the Financial sector, focusing on stocks such as 1347 Property Insurance Holdings Inc, Hallmark Financial Services, and Selective Insurance Group.

Currently, the analyst consensus on Amerisafe is a Moderate Buy with an average price target of $64.50.

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Amerisafe’s market cap is currently $1.22B and has a P/E ratio of 24.90. The company has a Price to Book ratio of 2.82.

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AMERISAFE, Inc. is a holding company, which engages the provision of workers’ compensation insurance focused on small to mid-sized employers. It focuses on the businesses in construction, trucking, logging and lumber, manufacturing and agriculture. The company was founded by Millard E. Morris in 1985 and is headquartered in DeRidder, LA.

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