Public Sector Pension investment Board reduced its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 27.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,920 shares of the insurance provider’s stock after selling 3,700 shares during the period. Public Sector Pension investment Board owned about 0.05% of AMERISAFE worth $565,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of AMSF. Pinebridge Investments L.P. grew its stake in shares of AMERISAFE by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock worth $144,000 after purchasing an additional 26 shares in the last quarter. US Bancorp DE grew its stake in shares of AMERISAFE by 1.2% in the second quarter. US Bancorp DE now owns 2,540 shares of the insurance provider’s stock worth $145,000 after purchasing an additional 30 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of AMERISAFE by 1.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,640 shares of the insurance provider’s stock worth $301,000 after purchasing an additional 59 shares in the last quarter. Aperio Group LLC grew its stake in shares of AMERISAFE by 1.2% in the second quarter. Aperio Group LLC now owns 6,727 shares of the insurance provider’s stock worth $383,000 after purchasing an additional 83 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of AMERISAFE by 0.3% in the first quarter. Legal & General Group Plc now owns 31,819 shares of the insurance provider’s stock worth $2,064,000 after purchasing an additional 93 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on the company. Zacks Investment Research raised AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Friday, September 1st. Boenning Scattergood assumed coverage on AMERISAFE in a research note on Monday, September 25th. They set a “neutral” rating for the company. Finally, BidaskClub cut AMERISAFE from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.
In other AMERISAFE news, CFO Neal Andrew Fuller sold 1,850 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $56.94, for a total value of $105,339.00. Following the completion of the transaction, the chief financial officer now directly owns 23,210 shares of the company’s stock, valued at $1,321,577.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Randy Roach sold 500 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $56.90, for a total value of $28,450.00. Following the completion of the transaction, the director now directly owns 8,399 shares of the company’s stock, valued at $477,903.10. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
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Shares of AMERISAFE, Inc. (NASDAQ AMSF) opened at 59.10 on Wednesday. AMERISAFE, Inc. has a one year low of $51.20 and a one year high of $69.40. The stock’s 50 day moving average price is $56.68 and its 200 day moving average price is $56.89. The stock has a market capitalization of $1.13 billion, a P/E ratio of 17.23 and a beta of 0.88.
AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. The business had revenue of $89.93 million during the quarter, compared to analysts’ expectations of $92.33 million. During the same period in the previous year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, analysts forecast that AMERISAFE, Inc. will post $3.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.35%. AMERISAFE’s dividend payout ratio (DPR) is presently 23.32%.
AMERISAFE Company Profile
Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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