Goldman Sachs Group Inc. lifted its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 13.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 559,157 shares of the insurance provider’s stock after purchasing an additional 64,955 shares during the period. Goldman Sachs Group Inc. owned about 2.92% of AMERISAFE worth $31,844,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinebridge Investments L.P. lifted its position in shares of AMERISAFE by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock worth $144,000 after purchasing an additional 26 shares in the last quarter. US Bancorp DE raised its holdings in AMERISAFE by 1.2% in the second quarter. US Bancorp DE now owns 2,540 shares of the insurance provider’s stock valued at $145,000 after acquiring an additional 30 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in AMERISAFE by 1.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,640 shares of the insurance provider’s stock valued at $301,000 after acquiring an additional 59 shares in the last quarter. Aperio Group LLC raised its holdings in AMERISAFE by 1.2% in the second quarter. Aperio Group LLC now owns 6,727 shares of the insurance provider’s stock valued at $383,000 after acquiring an additional 83 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in AMERISAFE by 0.3% in the first quarter. Legal & General Group Plc now owns 31,819 shares of the insurance provider’s stock valued at $2,064,000 after acquiring an additional 93 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.
AMSF has been the topic of several recent analyst reports. Zacks Investment Research raised shares of AMERISAFE from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 11th. Boenning Scattergood initiated coverage on shares of AMERISAFE in a report on Monday, September 25th. They issued a “neutral” rating on the stock. Finally, BidaskClub cut shares of AMERISAFE from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th.
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In other news, Director Randy Roach sold 500 shares of the firm’s 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 completion of the sale, the director now directly owns 8,399 shares in the company, valued at $477,903.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Neal Andrew Fuller sold 1,850 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $56.94, for a total value of $105,339.00. Following the completion of the sale, the chief financial officer now owns 23,210 shares of the company’s stock, valued at $1,321,577.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Shares of AMERISAFE, Inc. (AMSF) opened at 59.80 on Wednesday. The company has a 50-day moving average of $56.18 and a 200 day moving average of $56.98. AMERISAFE, Inc. has a 12-month low of $51.20 and a 12-month high of $69.40. The firm has a market capitalization of $1.15 billion, a PE ratio of 17.43 and a beta of 0.88.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The company had revenue of $89.93 million during the quarter, compared to analysts’ expectations of $92.33 million. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. The business’s revenue was down 7.8% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. On average, analysts predict that AMERISAFE, Inc. will post $3.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.34%. AMERISAFE’s 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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