SG Americas Securities LLC lowered its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 9.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,452 shares of the insurance provider’s stock after selling 485 shares during the quarter. SG Americas Securities LLC’s holdings in AMERISAFE were worth $254,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in AMERISAFE by 2.8% in the first quarter. Principal Financial Group Inc. now owns 162,215 shares of the insurance provider’s stock worth $10,527,000 after acquiring an additional 4,444 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in AMERISAFE by 8.4% in the first quarter. Great West Life Assurance Co. Can now owns 27,741 shares of the insurance provider’s stock worth $1,799,000 after acquiring an additional 2,159 shares during the last quarter. Stevens Capital Management LP lifted its stake in AMERISAFE by 42.2% in the first quarter. Stevens Capital Management LP now owns 7,104 shares of the insurance provider’s stock worth $461,000 after acquiring an additional 2,107 shares during the last quarter. BlackRock Inc. lifted its stake in AMERISAFE by 90,634.5% in the first quarter. BlackRock Inc. now owns 2,254,752 shares of the insurance provider’s stock worth $146,333,000 after acquiring an additional 2,252,267 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in AMERISAFE by 45.7% in the first quarter. Nuveen Asset Management LLC now owns 307,481 shares of the insurance provider’s stock worth $19,956,000 after acquiring an additional 96,424 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.
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In related news, Director Randy Roach sold 500 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $56.90, for a total value of $28,450.00. Following the transaction, the director now owns 8,399 shares of the company’s stock, valued at $477,903.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by corporate insiders.
AMSF has been the subject of a number of recent research reports. BidaskClub downgraded 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.
AMERISAFE, Inc. (AMSF) opened at 58.35 on Friday. AMERISAFE, Inc. has a 52 week low of $51.20 and a 52 week high of $69.40. The stock has a market cap of $1.12 billion, a P/E ratio of 17.01 and a beta of 0.89. The company has a 50-day moving average of $55.66 and a 200-day moving average of $57.89.
AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The firm had revenue of $89.93 million for the quarter, compared to analysts’ expectations of $92.33 million. AMERISAFE had a net margin of 17.17% and a return on equity of 14.04%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, analysts predict that AMERISAFE, Inc. will post $3.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.37%. AMERISAFE’s dividend payout ratio is presently 23.32%.
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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