Janney Montgomery Scott analyst Robert Farnam initiated coverage of Amerisafe with a Neutral rating and $58 fair value estimate. Amerisafe is a workers’ compensation specialist that targets small to mid-sized employers engaged in hazardous industries, the analyst tells investors in a research note. The company has a long track record of profitability and is one of the top property and casualty insurers in terms of building shareholder value, says the firm. However, it views Amerisafe as appropriately valued at current share levels.
Published first on TheFly
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