AMERISAFE's modeled fair value estimate has been revised lower from $38.67 to $36.67, reflecting updated analyst assumptions on revenue growth, profitability, and discount rates. Revenue growth was adjusted upward from 4.09% to 4.45%, while the net profit margin forecast was reduced from 10.03% to 8.20%. The forward price-to-earnings multiple moved from 23.75 times to 25.24 times, and the discount rate was refined from 6.98% to 7.11%. Truist lowered its price target by $2 and Citizens reduced its target by $5, signaling more cautious valuation assumptions and a tighter margin of safety around future execution.
AMERISAFE IncFair value estimate revised down, net profit margin forecast reduced, and multiple analysts lowered price targets.
Truist Financial Corp