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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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