Assenagon Asset Management S.A. acquired a new position in shares of Amerisafe, Inc. (NASDAQ:AMSF) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 51,045 shares of the insurance provider’s stock, valued at approximately $3,162,000. Assenagon Asset Management S.A. owned about 0.27% of Amerisafe at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Amerisafe during the 2nd quarter worth approximately $192,000. Hartford Investment Management Co. purchased a new stake in shares of Amerisafe during the 2nd quarter worth approximately $209,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Amerisafe during the 2nd quarter worth approximately $235,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Amerisafe during the 1st quarter worth approximately $296,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Amerisafe during the 2nd quarter worth approximately $403,000.
Shares of Amerisafe stock opened at $64.28 on Tuesday. The firm has a market capitalization of $1.24 billion, a PE ratio of 20.87 and a beta of 0.52. Amerisafe, Inc. has a 12 month low of $52.00 and a 12 month high of $67.96.
Amerisafe (NASDAQ:AMSF) last announced its earnings results on Wednesday, October 24th. The insurance provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.26. The business had revenue of $93.28 million for the quarter, compared to analysts’ expectations of $94.39 million. Amerisafe had a net margin of 14.15% and a return on equity of 15.21%. Analysts predict that Amerisafe, Inc. will post 3.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a $0.22 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.37%. Amerisafe’s payout ratio is 28.57%.
Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of Amerisafe from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. ValuEngine upgraded shares of Amerisafe from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Boenning Scattergood reaffirmed a “hold” rating on shares of Amerisafe in a report on Thursday, October 25th. Zacks Investment Research raised shares of Amerisafe from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Wednesday, October 10th. Finally, JMP Securities lifted their target price on shares of Amerisafe from $65.00 to $67.00 and gave the company a “market outperform” rating in a report on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $66.33.
In other news, Director Randy Roach sold 800 shares of Amerisafe stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $63.50, for a total value of $50,800.00. Following the transaction, the director now directly owns 8,422 shares of the company’s stock, valued at approximately $534,797. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Neal Andrew Fuller sold 2,291 shares of Amerisafe stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $63.61, for a total transaction of $145,730.51. Following the completion of the transaction, the chief financial officer now directly owns 20,919 shares in the company, valued at $1,330,657.59. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
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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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