Insurance Technology Industry News

TMCNet:  Upgrade Alert for Amerisafe (AMSF)

[February 28, 2013]

Upgrade Alert for Amerisafe (AMSF)

Feb 28, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Amerisafe (NASDAQ:AMSF) was upgraded from Reduce to Neutral at SunTrust today. The stock closed yesterday at $29.14 on volume of 21,000 shares, below average daily volume of 45,000. Amerisafe (NASDAQ:AMSF) is currently priced 7.3% above its average consensus analyst price target of $27.00. The stock should find initial support at its 50-day moving average (MA) of $28.15 and further support at its 200-day MA of $26.75.

Amerisafe Inc. provides workers' compensation insurance focused on small to mid-sized employers involved in hazardous industries, principally construction, trucking, logging, agriculture, oil and gas, maritime, and sawmills.

Amerisafe share prices have moved between a 52-week high of $30.07 and a 52-week low of $21.56 and closed yesterday at 35% above that low price at $29.14 per share. The 200-day and 50-day moving averages have moved 0.14% higher and 0.58% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Amerisafe on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.71. Since that recommendation, shares of Amerisafe have risen 9.1%. We continue to monitor AMSF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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