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Fly News Breaks for June 16, 2017
AMSF
Jun 16, 2017 | 08:40 EDT
FBR Capital analyst Randy Binner attributes the 9% year-to-date decline in shares of Amerisafe to the company's lower than expected top line growth and reserve releases in Q1. These issues are now priced into the stock, Binner tells investors in a research note. He believes Amerisafe is attractive as a "conservatively run" carrier with redundant reserves, a 6% all in dividend yield profile, and potential as a takeout target. The analyst has an Outperform rating on the shares with a $64 price target.
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