Vanguard Group Inc. reduced its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,003,869 shares of the insurance provider’s stock after selling 5,329 shares during the quarter. Vanguard Group Inc. owned about 5.24% of AMERISAFE worth $57,170,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Pinebridge Investments L.P. grew its position in shares of AMERISAFE by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 2,534 shares of the insurance provider’s stock valued at $144,000 after purchasing an additional 26 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of AMERISAFE in the second quarter valued at about $729,000. Mutual of America Capital Management LLC grew its position in shares of AMERISAFE by 41.4% in the second 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. New York State Common Retirement Fund grew its position in shares of AMERISAFE by 4.3% in the second quarter. New York State Common Retirement Fund now owns 36,158 shares of the insurance provider’s stock valued at $2,059,000 after purchasing an additional 1,499 shares during the last quarter. Finally, Laurion Capital Management LP acquired a new stake in shares of AMERISAFE in the second quarter valued at about $598,000. 99.63% of the stock is currently owned by institutional investors.
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In other news, CFO Neal Andrew Fuller sold 1,850 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 23,210 shares of the company’s stock, valued at approximately $1,321,577.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Randy Roach sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $56.90, for a total transaction of $28,450.00. Following the sale, the director now directly owns 8,399 shares of the company’s stock, valued at approximately $477,903.10. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
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 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 company had revenue of $92.90 million during the quarter, compared to the consensus estimate of $92.04 million. During the same quarter in the prior year, the firm posted $0.93 EPS. The firm’s quarterly revenue was down 5.4% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Wednesday, December 13th. AMERISAFE’s dividend payout ratio (DPR) is presently 23.81%.
Several equities research analysts recently weighed in on AMSF shares. FBR & Co reiterated a “buy” rating on shares of AMERISAFE in a research note on Wednesday, October 25th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $69.00 target price on shares of AMERISAFE in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Friday, September 1st. BidaskClub cut shares of AMERISAFE from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Boenning Scattergood restated a “hold” rating on shares of AMERISAFE in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $66.00.
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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