Parametric Portfolio Associates LLC grew its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,439 shares of the insurance provider’s stock after purchasing an additional 374 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.12% of AMERISAFE worth $1,335,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. American Century Companies Inc. bought a new stake in shares of AMERISAFE in the 2nd quarter valued at approximately $12,471,000. Aperio Group LLC lifted its stake in shares of AMERISAFE by 1.2% in the 2nd quarter. Aperio Group LLC now owns 6,727 shares of the insurance provider’s stock valued at $383,000 after purchasing an additional 83 shares during the last quarter. BlackRock Inc. lifted its stake in shares of AMERISAFE by 90,634.5% in the 1st quarter. BlackRock Inc. now owns 2,254,752 shares of the insurance provider’s stock valued at $146,333,000 after purchasing an additional 2,252,267 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of AMERISAFE by 41.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 44,568 shares of the insurance provider’s stock valued at $2,538,000 after purchasing an additional 13,054 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of AMERISAFE by 3.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 28,653 shares of the insurance provider’s stock valued at $1,630,000 after purchasing an additional 912 shares during the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.
Shares of AMERISAFE, Inc. (AMSF) opened at $63.40 on Wednesday. AMERISAFE, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $69.40. The firm has a market capitalization of $1,212.37, a P/E ratio of 18.31 and a beta of 0.89.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.08. AMERISAFE had a return on equity of 13.92% and a net margin of 17.07%. The firm had revenue of $92.90 million for the quarter, compared to the consensus estimate of $92.04 million. During the same period in the prior year, the business posted $0.93 earnings per share. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. analysts expect that AMERISAFE, Inc. will post 3.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.80 annualized dividend and a yield of 1.26%. AMERISAFE’s payout ratio is currently 23.81%.
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Several equities research analysts have recently weighed in on AMSF shares. FBR & Co reiterated a “buy” rating on shares of AMERISAFE in a report on Wednesday, October 25th. Zacks Investment Research upgraded AMERISAFE from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Monday, September 18th. B. Riley reiterated a “buy” rating on shares of AMERISAFE in a report on Monday, November 6th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $69.00 price target on shares of AMERISAFE in a report on Friday, October 27th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of AMERISAFE in a report on Thursday, October 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $66.00.
In other AMERISAFE news, CFO Neal Andrew Fuller sold 1,850 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $56.94, for a total transaction of $105,339.00. Following the transaction, the chief financial officer now directly owns 23,210 shares in the company, valued at approximately $1,321,577.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G. Janelle Frost sold 1,728 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $66.74, for a total value of $115,326.72. Following the transaction, the chief executive officer now owns 54,322 shares in the company, valued at $3,625,450.28. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
AMERISAFE Company Profile
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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