AMERISAFE INC (AMSF)
Financials · Property & Casualty Insurance · NASDAQ
Amerisafe is a specialty insurance carrier that underwrites workers' compensation coverage specifically for small to mid-sized businesses operating in hazardous industries.
What AMERISAFE INC does
Amerisafe, Inc. is a specialty provider of workers' compensation insurance focused on small to mid-sized businesses in high-hazard industries. The company operates through its subsidiaries, primarily focusing on industries with significant safety risks, including construction, trucking, manufacturing, and agriculture. It manages its insurance business through a network of independent agencies and brokers.
Themes: Insurance, Workers' Compensation, Specialty Insurance, Risk Management
Fundamentals
- Price$24.74 as of 2026-10-08 close
- Market cap$459M as of 2026-07-17 (share count; price 2026-10-08)
- 1-year return-41.0% 2025-10-08 close $41.93 → 2026-10-08 close $24.74
- P/E9.96 as of 2026-10-08
- Net margin+14.9% FY2025, SEC XBRL
- ROE+18.7% FY2025, SEC XBRL
- Debt / equity0.00 as of 2026-09-03
- Revenue growth (YoY)+7.0% as of 2026-09-03
- Revenue CAGR (3y)+2.5% SEC XBRL
- Beta0.20 as of 2026-09-03
- Last reported earnings2026-07-21 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +6.7%; at least 13 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How AMSF compares in its sector
- price-to-earnings ratiobottom 25% 513 covered Financials peers, as of 2026-10-08
- net profit marginmiddle range 344 covered Financials peers, as of 2026-09-03
- return on equitytop 25% 559 covered Financials peers, as of 2026-09-03
- 3-year revenue CAGRbottom 25% 347 covered Financials peers
- indicated dividend yieldtop 10% 468 covered Financials peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 430 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, AMSF's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 133%, free-cash-flow payout 703%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout133% dividends / net income
- Free-cash-flow payout703% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How AMERISAFE INC looks technically
AMERISAFE INC (AMSF) is trading 22.9% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 371 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 40, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 50, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 4 trading days ago. It is 43.4% below its highest point of the past year.
Trend
7
| Distance from the 200-day | it is trading 22.9% below its 200-day average, the long-term trend line — a long-term downtrend | -22.9% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $25.93 | $25.93 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $32.08 | $32.08 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 10 calendar days ago — the swings before that are what the structure reading is measured on | 10 sessions |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 371 trading days ago — a "death cross", a bearish long-term signal | 371 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 40, with sellers in control | 39.6 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 50, neither overbought (above 70) nor oversold (below 30) | 50.3 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($23.20 to $25.13) — its "stochastic" reading is 80 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 79.8 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 30 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $43.73 | $43.73 |
|---|---|---|
| From the 52-week high | it is 43.4% below its 52-week high (its highest price of the past year) | -43.4% |
| Above the 52-week low | it is 6.6% above its 52-week low (its lowest price of the past year) | +6.6% |
| Below the 52-week high | it is 43.4% below its highest point of the past year | 43.4% |
| Since a 20-day breakout | it made a new 20-day low about 4 trading days ago | 4 sessions |
| Since a 55-day breakout | it made a new 55-day low about 4 trading days ago | 4 sessions |
| All-time high | its highest closing price on record is $80.65 (set on 2020-02-20) | $80.65 |
| Given back of the 52-week move | over the past year its closes ranged ($23.28 to $43.13), and it has recovered only a small part of its fall from last year’s high — 7% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $35.55 to $36.18. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 7.4% |
| From the all-time high | it is 69.3% below its all-time high | -69.3% |
| Nearest price level | it is trading 19.4% below a resistance level at $29.55 — a price it turned at twice since 2026-04-22, most recently on 2026-05-06. Since 2024-10-08 it has 0 such levels below the current price and 15 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +19.4% |
| All-time low | its lowest closing price on record is $8.12 (set on 2005-11-18) | $8.12 |
| Above the all-time low | it is 204.7% above its all-time low | +204.7% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 72% of it) | 28th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.6098 between its high and its low — about 2.5% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.6098 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $23.12 and $25.28 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $23.12 – $24.20 – $25.28 |
| Typical daily range (% of price) | its price moves about 2.5% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.5% |
| Stretch from the 200-day average | it is trading 12.0 daily ranges below its 200-day average price (22.9% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 12.0 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.95× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
2
| Since a bullish engulfing | 2 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 2 sessions ago |
|---|---|---|
| Since a bearish engulfing | 6 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 6 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-10-08 0.2% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.2% |
|---|---|---|
| Open gap | it gapped 5.0% below the previous close 55 sessions ago and has not traded back through the level it left behind at 33.98 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -5.0% |
Price streaks
1
| Closing streak | it has closed higher 3 sessions in a row, a +6.27% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 3 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 1.7 percentage points (the stock lost 0.6% while the market gained 1.0%) | -1.7% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 33.8 percentage points (the stock lost 30.0% while the market gained 3.8%) | -33.8% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 43.8 percentage points (the stock lost 26.4% while the market gained 17.5%) | -43.8% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 56.0 percentage points (the stock lost 41.0% while the market gained 15.0%) | -56.0% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: MACD momentum is positive — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 9.2% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 13.8% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | -9.2% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 17% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $29.64 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP. | -16.5% |
|---|---|---|
| Vs the average paid since it last reported | the price is 5% below the average price paid since it last reported on 2026-07-21 (its 8-K), so the typical buyer over that stretch is under water. That average is $25.94 — a volume-weighted average of daily closes over 57 sessions, not a true tick-by-tick VWAP. | -4.6% |
Price levels it has turned at before
AMSF last closed at $24.74 on 2026-10-08. Since 2024-10-08 it has turned at 0 prices below its last close and 15 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $29.55 | Resistance | 19.4% above the last close | turned there twice · 2026-04-22 to 2026-05-06 |
| $32.09 | Resistance | 29.7% above the last close | turned there five times · 2026-02-27 to 2026-06-11 |
| $34.35 | Resistance | 38.8% above the last close | turned there twice · 2026-04-08 to 2026-04-20 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · lagging the market · Stretched far below its 200-day average (6+ daily ranges) · Under water since its last earnings report (below the anchored VWAP) · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$35.67 range $32.00 – $42.00; median $33.00
Analyst estimates, as of 2026-10-05. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for AMSF
- Consensus EPS estimate$0.4867 next reporting period, as of 2026-10-05
- Estimate change, 30 days$0.00 (0.0%) from $0.4867, on 2026-08-31, 35-day window
- Readings revised upward0% of 8 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Cyclicality and competitive nature of the workers' compensation insurance industry","Potential for greater frequency or severity of claims than underwriting practices anticipate","Dependence on independent agencies and brokers for business acquisition"]
What changed in the latest 10-Q
AI-assisted comparison of AMSF's 10-Q filed 2026-07-23 against the prior one filed 2026-04-23.
Management's Discussion & Analysis (MD&A)
- Added:
- The newer filing (filed 2026-07-23) adds a table summarizing consolidated financial results for the three and six months ended June 30, 2026 and 2025, whereas the older filing (filed 2026-04-23) table covers only the three months ended March 31, 2026 and 2025.
- The newer filing includes six-month figures: gross premiums written $174,468 (2026) and $163,488 (2025); net premiums earned $152,345 (2026) and $138,266 (2025); net investment income $13,125 (2026) and $13,343 (2025); total revenues $172,061 (2026) and $153,685 (2025); total expenses $143,636 (2026) and $125,009 (2025); net income $22,740 (2026) and $22,904 (2025); diluted earnings per common share $1.21 (2026) and $1.20 (2025).
- The newer filing includes six-month other key measures: net combined ratio 94.3% (2026) and 90.5% (2025); return on average equity 18.1% (2026) and 17.5% (2025); book value per share $13.49 (2026) and $13.96 (2025).
- The newer filing adds a 'Consolidated Results of Operations for Three Months Ended June 30, 2026 Compared to June 30, 2025' section with narrative discussion of second-quarter results.
- The newer filing states that for the quarter ended June 30, 2026 gross premiums written were $86.0 million versus $79.7 million in 2025, an increase of 7.9%, attributable to a $4.3 million increase in voluntary premiums, a $2.6 million increase in premiums from payroll audits and related premium adjustments, partially offset by a $0.7 million decrease in residual market premium.
- The newer filing states net premiums written for the quarter ended June 30, 2026 were $81.8 million versus $75.5 million in 2025, an increase of 8.3%, and that ceded premiums as a percentage of gross premiums earned were 5.2% in Q2 2026 versus 5.7% in Q2 2025.
- The newer filing states net premiums earned for Q2 2026 were $77.3 million versus $69.4 million in Q2 2025, an increase of 11.4%.
- The newer filing includes a second-quarter table entry showing net investment income of $6,528 (Q2 2026) versus $6,691 (Q2 2025), total revenues of $91,971 versus $81,088, total expenses of $73,706 versus $63,633, net income of $14,595 versus $13,955, and diluted EPS of $0.78 versus $0.73.
- Removed:
- The older filing (filed 2026-04-23) includes a table for the three months ended March 31, 2026 and 2025 that does not appear in the newer filing.
- The older filing includes Q1 2026 figures not present in the newer filing: gross premiums written $88,500 (2026) and $83,784 (2025); net premiums earned $75,072 (2026) and $68,885 (2025); net investment income $6,597 (2026) and $6,652 (2025); total revenues $80,090 (2026) and $72,597 (2025); total expenses $69,930 (2026) and $61,376 (2025); net income $8,145 (2026) and $8,949 (2025); diluted EPS $0.43 (2026) and $0.47 (2025).
- The older filing includes Q1 2026 other key measures not present in the newer filing: net combined ratio 93.2% (2026) and 89.1% (2025); return on average equity 13.1% (2026) and 13.8% (2025); book value per share $13.18 (2026) and $13.69 (2025).
- The older filing includes a 'Consolidated Results of Operations for Three Months Ended March 31, 2026 Compared to March 31, 2025' section that is not present in the newer filing.
- The older filing states gross premiums written for Q1 2026 were $88.5 million versus $83.8 million in 2025, an increase of 5.6%, attributable to a $6.3 million increase in voluntary premiums partially offset by a $1.4 million decrease in premiums from payroll audits and related premium adjustments.
- The older filing states net premiums written for Q1 2026 were $84.4 million versus $79.6 million in 2025, an increase of 6.1%, and ceded premiums were 5.1% of gross premiums earned in Q1 2026 versus 5.7% in Q1 2025.
- The older filing states net premiums earned for Q1 2026 were $75.1 million versus $68.9 million in 2025, an increase of 9.0%.
- The older filing states net investment income for Q1 2026 was $6.6 million versus $6.7 million in 2025, a decrease of 0.8%, due to slightly lower average invested asset balances.
- Reworded:
- The newer filing changed the results table period from 'Three Months Ended March 31, 2026 and 2025' to 'Three Months Ended June 30, 2026 and 2025' and added a six-month column set.
- The newer filing changed the narrative heading from 'Consolidated Results of Operations for Three Months Ended March 31, 2026 Compared to March 31, 2025' to 'Consolidated Results of Operations for Three Months Ended June 30, 2026 Compared to June 30, 2025'.
- The newer filing describes a $0.7 million decrease in residual market premium as a new offsetting factor in gross premiums written for the quarter, whereas the older filing described a $1.4 million decrease in payroll audit premiums as the offsetting factor for its quarter.
- Notes:
- The newer filing text provided appears truncated mid-sentence at the end of the Net Investment Income paragraph ('Net investment income for the quarter ended June 3...'), so any changes after that point in the newer MD&A could not be assessed.
- The older filing text provided also appears truncated mid-sentence at the end ('Average invested ass...'), limiting comparison of the remainder of each section.
- This comparison is based solely on the provided excerpts of the MD&A sections and does not reflect any changes elsewhere in the filings.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for AMSF — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding AMSF as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 5,461,462
- Reported value $184,760,113
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 4 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about AMSF's institutional holders → See what each manager we track holds →
Short interest (FINRA)
AMSF had 1,120,147 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
AMSF had 6.04% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.4 days to cover at the same settlement.
- Reported short interest (shares) 1,120,147
- Short interest (% of shares outstanding) 6.04%
- Prior settlement (shares) 909,626
- Reported change 23.14%
- Days to cover (reported) 2.4
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Travelers (TRV)
- Hartford Financial Services (HIG)
- Old Republic International (ORI)
- Employers Holdings (EIG)
- Berkshire Hathaway
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does AMERISAFE INC (AMSF) do?
Amerisafe, Inc. is a specialty provider of workers' compensation insurance focused on small to mid-sized businesses in high-hazard industries. The company operates through its subsidiaries, primarily focusing on industries with significant safety risks, including construction, trucking, manufacturing, and agriculture. It manages its insurance business through a network of independent agencies and brokers.
What sector is AMERISAFE INC (AMSF) in?
AMERISAFE INC (AMSF) is classified in the Financials sector. Its industry is Property & Casualty Insurance. It trades on NASDAQ.
Does AMSF pay a dividend?
Yes — AMERISAFE INC (AMSF) pays a dividend, with an indicated yield of about 6.66% and at least 13 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-09-03). Informational only — not financial advice.
Who are AMERISAFE INC's (AMSF) competitors?
Notable peers of AMERISAFE INC (AMSF) include Travelers, Hartford Financial Services, Old Republic International, Employers Holdings and Berkshire Hathaway. This peer set is informational only — not financial advice.
Is AMERISAFE INC (AMSF) overbought or oversold right now?
AMERISAFE INC (AMSF) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 50, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on AMSF come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.