AMERISAFE, Inc. (AMSF) Stake Increased by Eagle Asset Management Inc.

Eagle Asset Management Inc. lifted its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 144,067 shares of the insurance provider’s stock after buying an additional 6,441 shares during the quarter. Eagle Asset Management Inc. owned about 0.75% of AMERISAFE worth $8,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Flinton Capital Management LLC grew its position in AMERISAFE by 53.7% in the 2nd quarter. Flinton Capital Management LLC now owns 2,142 shares of the insurance provider’s stock valued at $122,000 after purchasing an additional 748 shares during the period. Pinebridge Investments L.P. grew its position in AMERISAFE by 1.0% in the 2nd 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 period. US Bancorp DE grew its position in AMERISAFE by 1.2% in the 2nd quarter. US Bancorp DE now owns 2,540 shares of the insurance provider’s stock valued at $145,000 after purchasing an additional 30 shares during the period. State of Alaska Department of Revenue grew its position in AMERISAFE by 79.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,799 shares of the insurance provider’s stock valued at $216,000 after purchasing an additional 1,679 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in AMERISAFE in the 3rd quarter valued at $227,000. 99.47% of the stock is owned by institutional investors.

AMERISAFE, Inc. (NASDAQ:AMSF) opened at $65.95 on Friday. AMERISAFE, Inc. has a 52 week low of $51.20 and a 52 week high of $69.40. The firm has a market capitalization of $1,270.00, a price-to-earnings ratio of 19.08 and a beta of 0.87.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share for the quarter, beating 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 business had revenue of $92.90 million for the quarter, compared to analysts’ expectations of $92.04 million. During the same period last year, the business earned $0.93 EPS. The business’s revenue was down 5.4% on a year-over-year basis. equities analysts forecast that AMERISAFE, Inc. will post 3.22 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.21%. The ex-dividend date is Wednesday, December 13th. AMERISAFE’s dividend payout ratio (DPR) is presently 23.81%.

In other AMERISAFE news, 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 transaction of $115,326.72. Following the transaction, the chief executive officer now directly owns 54,322 shares in the company, valued at approximately $3,625,450.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction, the chief financial officer now owns 23,210 shares in the company, 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.

Several analysts recently issued reports on the stock. B. Riley reissued a “buy” rating on shares of AMERISAFE in a research report on Monday, November 6th. SunTrust Banks reissued a “buy” rating and issued a $69.00 price target on shares of AMERISAFE in a research report on Friday, October 27th. Boenning Scattergood reissued a “hold” rating on shares of AMERISAFE in a research report on Thursday, October 26th. FBR & Co reissued a “buy” rating on shares of AMERISAFE in a research report on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of AMERISAFE from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Monday, September 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. AMERISAFE currently has an average rating of “Buy” and a consensus price target of $66.00.

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About AMERISAFE

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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Institutional Ownership by Quarter for AMERISAFE (NASDAQ:AMSF)

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