Fannie Mae, Freddie Mac shares tumble after conservatorship comments
DERIDDER, La. - AMERISAFE, Inc. (NASDAQ:AMSF), a specialty provider of workers’ compensation insurance focused on high-hazard industries, announced Thursday that its Board of Directors has reauthorized a $25 million share repurchase program, replacing its previous program. The announcement comes as the company’s stock trades near its 52-week low, while maintaining an impressive 11.3% dividend yield. According to InvestingPro analysis, AMERISAFE shows strong financial health with liquid assets exceeding short-term obligations.
The company reported that since beginning its initial share repurchase program in February 2010, it has bought back 1,745,608 shares at an average cost of $25.69 per share, totaling $44.8 million.
Additional details regarding the reauthorized program are available in AMERISAFE’s Second Quarter 2025 Form 10-Q, according to the company’s press release statement.
The share repurchase program does not obligate the company to repurchase any shares and may be modified, increased, suspended, or terminated at the Board’s discretion. The Board’s decisions will depend on various factors, including market conditions and regulatory considerations.
The company anticipates that any future repurchases will be funded from available capital. Share repurchases may be executed through trading plans that meet the requirements of Rule 10b5-1 under the Exchange Act.
AMERISAFE specializes in workers’ compensation insurance for small to mid-sized employers in hazardous industries, primarily construction, trucking, logging and lumber, agriculture, and manufacturing. The company currently markets workers’ compensation insurance in 27 states. With a market capitalization of $830 million, AMERISAFE currently trades below its Fair Value according to InvestingPro’s detailed analysis, which offers additional insights through its comprehensive Pro Research Report covering 1,400+ US stocks.
In other recent news, Amerisafe Inc. disclosed its first-quarter 2025 earnings, which fell short of analysts’ expectations. The company reported an earnings per share (EPS) of 60 cents, slightly below the forecasted 61 cents. Additionally, Amerisafe’s revenue came in at $83.78 million, missing the anticipated $84.49 million. These results highlight a minor shortfall in both earnings and revenue projections. The earnings report was a key focus for investors as it provided insight into the company’s financial performance. Despite the misses, the report offers a snapshot of Amerisafe’s current financial health. These developments are part of the company’s recent updates.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.