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Amerisafe Inc.

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Soft pricing environment, industry demand, stiff competition and market weakness that hurt payrolls are major growth laggards for Amerisafe. However, the company’s favorable loss and frequency trends, prudent reserve analytics, and improved operating leverage remain impressive. Its cash flows and book value per share reflect prudent capital management. The company maintains a niche market position in the workers' compensation market. We appreciate Amerisafe’s ability to maintain combined ratios, at more favorable levels than its peers. It has also been witnessing consistent growth in book value per share. The company is set to report first quarter results on Apr 27. The Zacks Consensus Estimate is pegged at $0.80 per share, up 0.6% year over year. However, our proven model cannot conclusively say if it will beat or miss expectation because of Zacks Rank #4, combined with Earnings ESP of 0.00% makes prediction difficult.

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