Copeland Capital Management LLC raised its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,842 shares of the insurance provider’s stock after purchasing an additional 4,044 shares during the quarter. Copeland Capital Management LLC owned 0.87% of AMERISAFE worth $9,710,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMSF. UBS Asset Management Americas Inc. purchased a new stake in AMERISAFE in the first quarter valued at approximately $268,000. Parametric Portfolio Associates LLC grew its stake in shares of AMERISAFE by 10.3% in the first quarter. Parametric Portfolio Associates LLC now owns 23,065 shares of the insurance provider’s stock worth $1,497,000 after acquiring an additional 2,149 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of AMERISAFE by 18.1% in the first quarter. OppenheimerFunds Inc. now owns 4,792 shares of the insurance provider’s stock worth $311,000 after acquiring an additional 736 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of 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 in the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of AMERISAFE by 2.5% in the first quarter. Teachers Advisors LLC now owns 31,823 shares of the insurance provider’s stock worth $2,065,000 after acquiring an additional 788 shares in the last quarter. 99.63% of the stock is currently owned by institutional investors.
AMERISAFE, Inc. (AMSF) traded up 1.08% during trading on Wednesday, hitting $65.40. 1,142 shares of the company’s stock traded hands. AMERISAFE, Inc. has a 12-month low of $51.20 and a 12-month high of $69.40. The firm’s 50-day moving average price is $59.01 and its 200 day moving average price is $56.76. The stock has a market cap of $1.25 billion, a P/E ratio of 19.07 and a beta of 0.88.
AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.08. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The business had revenue of $92.90 million for the quarter, compared to the consensus estimate of $92.04 million. During the same quarter last year, the firm posted $0.93 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. Analysts anticipate that AMERISAFE, Inc. will post $3.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Wednesday, December 13th. AMERISAFE’s dividend payout ratio is presently 23.81%.
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Several equities analysts have commented on AMSF shares. Zacks Investment Research upgraded shares of AMERISAFE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub downgraded shares of AMERISAFE from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Boenning Scattergood started coverage on shares of AMERISAFE in a research note on Monday, September 25th. They issued a “neutral” rating for the company. FBR & Co restated a “buy” rating on shares of AMERISAFE in a research note on Wednesday, October 25th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $69.00 price target on shares of AMERISAFE in a research note on Friday, October 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. AMERISAFE currently has an average rating of “Buy” and a consensus target price of $66.00.
In related news, Director Randy Roach sold 500 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $56.90, for a total transaction of $28,450.00. Following the completion of the sale, the director now directly owns 8,399 shares of the company’s stock, valued at approximately $477,903.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $105,339.00. Following the sale, the chief financial officer now directly owns 23,210 shares of the company’s stock, valued at $1,321,577.40. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
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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