Credit Ratings Affirmed: AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of "a+" for AMERISAFE Insurance Group, with a stable outlook.
Strong Balance Sheet: The group's balance sheet strength is assessed as very strong, supported by high risk-adjusted capitalization, a conservative investment portfolio, and prudent reserving practices.
Robust Operating Performance: AMERISAFE's operating performance remains strong due to disciplined underwriting and proactive claims management, consistently outperforming industry metrics.
Specialized Coverage: The group primarily provides workers' compensation coverage to small- and medium-sized employers in high hazard industries, leveraging specialized knowledge for efficient business management and high policyholder retention.
AMSF
$39.17+Infinity%1D
Analyst Views on AMSF
Wall Street analysts forecast AMSF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMSF is 52.50 USD with a low forecast of 45.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast AMSF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMSF is 52.50 USD with a low forecast of 45.00 USD and a high forecast of 60.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 39.160
Low
45.00
Averages
52.50
High
60.00
Current: 39.160
Low
45.00
Averages
52.50
High
60.00
Truist
Hold
downgrade
$50 -> $45
2025-11-02
Reason
Truist
Price Target
$50 -> $45
2025-11-02
downgrade
Hold
Reason
Truist lowered the firm's price target on Amerisafe to $45 from $50 and keeps a Hold rating on the shares. The firm's reduced target price reflects the pressure on valuations across the P&C industry while the firm's Hold rating reflects its view that the stock is fairly valued in light of its outlook for generally stable profitability, the analyst tells investors in a research note.
Citizens JMP
Outperform
downgrade
$65 -> $60
2025-10-14
Reason
Citizens JMP
Price Target
$65 -> $60
2025-10-14
downgrade
Outperform
Reason
Citizens JMP lowered the firm's price target on Amerisafe to $60 from $65 and keeps an Outperform rating on the shares. The firm expects Q3 results for the insurance sector to be highlighted by lighter-than-typical catastrophe losses, modest mark to market book value tailwinds, and potential for continued issues around casualty loss reserves, but thinks focus will be zeroed in on the pricing environment, the analyst tells investors in a research note.
Truist
Hold
downgrade
$54 -> $50
2025-07-28
Reason
Truist
Price Target
$54 -> $50
2025-07-28
downgrade
Hold
Reason
Truist lowered the firm's price target on Amerisafe to $50 from $54 and keeps a Hold rating on the shares after its Q2 earnings miss. The company's double-digit growth in voluntary premium was driven by internal execution, though the firm is reducing its price target to reflect pressure on valuations across the P&C space, the analyst tells investors in a research note.
About AMSF
AMERISAFE, Inc. is a specialty provider of workers' compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, and manufacturing. The Company provides coverage to employers under state and federal workers' compensation laws. These laws prescribe wage replacement and medical care benefits that employers are obligated to provide to their employees who are injured in the course and scope of their employment. Its workers' compensation insurance policies provide benefits to injured employees for, among other things, temporary or permanent disability, death and medical and hospital expenses. The benefits payable and the duration of those benefits are set by state or federal law. The benefits vary by jurisdiction, the nature and severity of the injury and the wages of the employee. The employer, who is the policyholder, pays the premiums for coverage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
