Millennium Management LLC Increases Stake in Amerisafe, Inc. (AMSF)

Millennium Management LLC grew its position in shares of Amerisafe, Inc. (NASDAQ:AMSF) by 108.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 84,624 shares of the insurance provider’s stock after acquiring an additional 43,937 shares during the period. Millennium Management LLC’s holdings in Amerisafe were worth $5,213,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Amerisafe by 3.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 615,865 shares of the insurance provider’s stock valued at $37,937,000 after buying an additional 22,694 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Amerisafe during the 4th quarter valued at about $757,000. Deutsche Bank AG lifted its holdings in Amerisafe by 117.3% in the 4th quarter. Deutsche Bank AG now owns 45,537 shares of the insurance provider’s stock worth $2,801,000 after purchasing an additional 24,585 shares during the last quarter. Jefferies Group LLC acquired a new stake in Amerisafe in the 4th quarter worth approximately $216,000. Finally, Geode Capital Management LLC lifted its holdings in Amerisafe by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 169,954 shares of the insurance provider’s stock worth $10,469,000 after purchasing an additional 1,639 shares during the last quarter.

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In other news, CEO G. Janelle Frost sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $55.53, for a total transaction of $416,475.00. Following the completion of the transaction, the chief executive officer now directly owns 69,322 shares in the company, valued at $3,849,450.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Vincent J. Gagliano sold 820 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $55.22, for a total value of $45,280.40. Following the transaction, the executive vice president now owns 16,680 shares of the company’s stock, valued at $921,069.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,432 shares of company stock valued at $578,872. Corporate insiders own 2.20% of the company’s stock.

Several equities research analysts recently weighed in on the company. Boenning Scattergood restated a “hold” rating on shares of Amerisafe in a report on Tuesday, February 27th. Zacks Investment Research lowered Amerisafe from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 6th. TheStreet lowered Amerisafe from a “b” rating to a “c+” rating in a report on Thursday, March 22nd. ValuEngine upgraded Amerisafe from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, BidaskClub lowered Amerisafe from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Amerisafe currently has an average rating of “Hold” and an average price target of $63.00.

AMSF opened at $55.30 on Tuesday. Amerisafe, Inc. has a twelve month low of $51.20 and a twelve month high of $67.82. The company has a market capitalization of $1,046.98, a P/E ratio of 17.95 and a beta of 0.83.

Amerisafe (NASDAQ:AMSF) last posted its earnings results on Monday, February 26th. The insurance provider reported $0.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.13). Amerisafe had a return on equity of 12.69% and a net margin of 12.32%. The company had revenue of $94.94 million during the quarter, compared to analyst estimates of $92.71 million. During the same quarter last year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. analysts predict that Amerisafe, Inc. will post 3.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, March 8th. This is a positive change from Amerisafe’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.59%. Amerisafe’s payout ratio is 28.57%.

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About Amerisafe

AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.

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Institutional Ownership by Quarter for Amerisafe (NASDAQ:AMSF)

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