AMERISAFE, Inc. (NASDAQ:AMSF) Plans $0.41 Quarterly Dividend

AMERISAFE, Inc. (NASDAQ:AMSF) announced a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, September 11th will be paid a dividend of 0.41 per share by the insurance provider on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, September 11th.

AMERISAFE has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. AMERISAFE has a dividend payout ratio of 74.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AMERISAFE to earn $2.05 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 80.0%.

AMERISAFE Price Performance

Shares of NASDAQ:AMSF opened at $33.98 on Wednesday. The business’s fifty day moving average price is $32.32 and its two-hundred day moving average price is $33.99. AMERISAFE has a fifty-two week low of $29.42 and a fifty-two week high of $47.86. The stock has a market capitalization of $635.43 million, a price-to-earnings ratio of 13.98 and a beta of 0.23.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). AMERISAFE had a net margin of 14.27% and a return on equity of 15.34%. The company had revenue of $91.97 million for the quarter, compared to the consensus estimate of $85.09 million. Research analysts expect that AMERISAFE will post 2.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its position in AMERISAFE by 5.1% during the 1st quarter. AQR Capital Management LLC now owns 83,478 shares of the insurance provider’s stock worth $4,387,000 after buying an additional 4,050 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in AMERISAFE by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,313 shares of the insurance provider’s stock valued at $594,000 after acquiring an additional 471 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of AMERISAFE by 82.6% in the first quarter. Goldman Sachs Group Inc. now owns 217,280 shares of the insurance provider’s stock worth $11,418,000 after acquiring an additional 98,293 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of AMERISAFE by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 43,118 shares of the insurance provider’s stock worth $2,266,000 after acquiring an additional 3,435 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of AMERISAFE by 106.8% during the first quarter. Jane Street Group LLC now owns 29,176 shares of the insurance provider’s stock worth $1,533,000 after purchasing an additional 15,070 shares in the last quarter. 97.41% of the stock is owned by institutional investors.

AMERISAFE Company Profile

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.