Dimensional Fund Advisors LP boosted its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 941,447 shares of the insurance provider’s stock after buying an additional 1,853 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.91% of AMERISAFE worth $53,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new stake in AMERISAFE in the first quarter worth approximately $106,000. Pinebridge Investments L.P. boosted its stake in 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 buying an additional 26 shares in the last quarter. US Bancorp DE boosted its stake in 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 buying an additional 30 shares in the last quarter. Citadel Advisors LLC purchased a new stake in AMERISAFE in the first quarter worth approximately $208,000. Finally, State of Alaska Department of Revenue lifted its position in AMERISAFE by 79.2% in the second quarter. State of Alaska Department of Revenue now owns 3,799 shares of the insurance provider’s stock valued at $216,000 after purchasing an additional 1,679 shares during the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.
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AMSF has been the subject of several recent research reports. BidaskClub upgraded AMERISAFE from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded AMERISAFE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Boenning Scattergood assumed coverage on AMERISAFE in a research report on Monday, September 25th. They issued a “neutral” rating for the company. FBR & Co restated a “buy” rating on shares of AMERISAFE in a report on Wednesday. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $69.00 target price on shares of AMERISAFE in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. AMERISAFE has a consensus rating of “Buy” and a consensus target price of $66.00.
In related news, CFO Neal Andrew Fuller sold 1,850 shares of the company’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 owns 23,210 shares of the company’s stock, valued at approximately $1,321,577.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Randy Roach sold 500 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was 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 approximately $477,903.10. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
AMERISAFE, Inc. (NASDAQ:AMSF) opened at 64.15 on Friday. The company’s 50 day moving average price is $57.88 and its 200-day moving average price is $56.75. AMERISAFE, Inc. has a one year low of $51.20 and a one year high of $69.40. The company has a market cap of $1.23 billion, a P/E ratio of 18.70 and a beta of 0.88.
AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The firm had revenue of $92.90 million for the quarter, compared to the consensus estimate of $92.04 million. AMERISAFE had a return on equity of 13.92% and a net margin of 17.07%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, analysts forecast that AMERISAFE, Inc. will post $3.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.25%. AMERISAFE’s payout ratio is 23.81%.
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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