Parametric Portfolio Associates LLC boosted its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 10.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,065 shares of the insurance provider’s stock after buying an additional 2,149 shares during the period. Parametric Portfolio Associates LLC’s holdings in AMERISAFE were worth $1,497,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Asset Management Inc. boosted its position in shares of AMERISAFE by 33.8% in the first quarter. Eagle Asset Management Inc. now owns 90,379 shares of the insurance provider’s stock valued at $5,865,000 after buying an additional 22,852 shares during the period. Ameriprise Financial Inc. boosted its position in shares of AMERISAFE by 0.9% in the first quarter. Ameriprise Financial Inc. now owns 528,382 shares of the insurance provider’s stock valued at $34,292,000 after buying an additional 4,872 shares during the period. Denver Investment Advisors LLC purchased a new position in shares of AMERISAFE during the first quarter valued at about $451,000. Karp Capital Management Corp purchased a new position in shares of AMERISAFE during the first quarter valued at about $431,000. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of AMERISAFE during the first quarter valued at about $268,000. 99.58% of the stock is owned by institutional investors and hedge funds.
Shares of AMERISAFE, Inc. (AMSF) opened at 55.70 on Tuesday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 16.00 and a beta of 0.86. AMERISAFE, Inc. has a 52 week low of $51.20 and a 52 week high of $69.40. The stock has a 50 day moving average of $53.93 and a 200-day moving average of $60.88.
AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.19. The company had revenue of $97.72 million during the quarter, compared to analysts’ expectations of $97.61 million. AMERISAFE had a net margin of 17.13% and a return on equity of 14.05%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 earnings per share. On average, analysts anticipate that AMERISAFE, Inc. will post $3.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, June 7th. AMERISAFE’s payout ratio is currently 22.92%.
AMSF has been the subject of a number of research analyst reports. BidaskClub lowered shares of AMERISAFE from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of AMERISAFE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, FBR & Co reiterated an “outperform” rating and issued a $64.00 price target (down from $71.00) on shares of AMERISAFE in a research note on Wednesday, May 10th.
In related news, Director Millard E. Morris acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average cost of $52.15 per share, with a total value of $104,300.00. Following the transaction, the director now directly owns 10,336 shares of the company’s stock, valued at approximately $539,022.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jared A. Morris acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average cost of $50.82 per share, with a total value of $127,050.00. Following the completion of the transaction, the director now directly owns 12,390 shares in the company, valued at $629,659.80. The disclosure for this purchase can be found here. Insiders purchased a total of 6,054 shares of company stock valued at $311,443 over the last ninety days. 2.20% of the stock is currently owned by insiders.
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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