AMERISAFE, Inc. Declares Quarterly Dividend of $0.41 (NASDAQ:AMSF)

AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Friday, September 11th will be paid a dividend of 0.41 per share by the insurance provider on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, September 11th.

AMERISAFE has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. AMERISAFE has a dividend payout ratio of 74.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AMERISAFE to earn $2.05 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 80.0%.

AMERISAFE Price Performance

NASDAQ:AMSF opened at $33.98 on Wednesday. The company has a market capitalization of $635.43 million, a price-to-earnings ratio of 13.98 and a beta of 0.23. The business has a 50 day moving average of $32.32 and a 200 day moving average of $33.99. AMERISAFE has a 1-year low of $29.42 and a 1-year high of $47.86.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Tuesday, July 21st. The insurance provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). AMERISAFE had a return on equity of 15.34% and a net margin of 14.27%.The business had revenue of $91.97 million for the quarter, compared to analysts’ expectations of $85.09 million. As a group, sell-side analysts anticipate that AMERISAFE will post 2.08 EPS for the current year.

Institutional Investors Weigh In On AMERISAFE

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of AMERISAFE by 124.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,916 shares of the insurance provider’s stock worth $166,000 after buying an additional 2,728 shares during the period. Parallel Advisors LLC boosted its stake in AMERISAFE by 5,714.3% in the 1st quarter. Parallel Advisors LLC now owns 814 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 800 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of AMERISAFE by 6.7% in the first quarter. Bank of America Corp DE now owns 623,697 shares of the insurance provider’s stock worth $20,788,000 after buying an additional 39,168 shares in the last quarter. Amundi bought a new position in AMERISAFE in the 1st quarter valued at approximately $292,000. Finally, Renaissance Technologies LLC boosted its position in shares of AMERISAFE by 19.3% during the first quarter. Renaissance Technologies LLC now owns 261,375 shares of the insurance provider’s stock valued at $8,712,000 after buying an additional 42,375 shares during the last quarter. 97.41% of the stock is owned by hedge funds and other institutional investors.

About AMERISAFE

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.