Dimensional Fund Advisors LP raised its position in shares of Amerisafe Inc. (NASDAQ:AMSF) by 0.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 948,671 shares of the company’s stock after buying an additional 7,625 shares during the period. Dimensional Fund Advisors LP owned 4.97% of Amerisafe worth $58,076,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Norges Bank acquired a new stake in Amerisafe during the fourth quarter worth approximately $8,725,000. Aperio Group LLC acquired a new stake in Amerisafe during the first quarter worth approximately $277,000. Prudential Financial Inc. boosted its stake in Amerisafe by 0.6% in the first quarter. Prudential Financial Inc. now owns 91,041 shares of the company’s stock worth $4,783,000 after buying an additional 540 shares in the last quarter. BlackRock Group LTD boosted its stake in Amerisafe by 7.5% in the first quarter. BlackRock Group LTD now owns 29,193 shares of the company’s stock worth $1,534,000 after buying an additional 2,043 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Amerisafe by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 529,548 shares of the company’s stock worth $27,822,000 after buying an additional 13,504 shares in the last quarter. 96.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amerisafe Inc. (NASDAQ:AMSF) traded down 0.31% on Tuesday, hitting $58.45. The stock had a trading volume of 11,782 shares. The firm’s 50-day moving average price is $58.99 and its 200 day moving average price is $57.85. Amerisafe Inc. has a 12 month low of $46.88 and a 12 month high of $64.97. The firm has a market cap of $1.12 billion, a P/E ratio of 13.66 and a beta of 0.72.
Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $97.56 million for the quarter, compared to analysts’ expectations of $100.25 million. Amerisafe had a net margin of 20.52% and a return on equity of 16.95%. Amerisafe’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. Analysts anticipate that Amerisafe Inc. will post $4.00 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, September 7th. Amerisafe’s payout ratio is 16.78%.
A number of equities research analysts have commented on AMSF shares. Zacks Investment Research cut Amerisafe from a “strong-buy” rating to a “hold” rating in a report on Monday, July 18th. FBR & Co reissued a “buy” rating on shares of Amerisafe in a report on Friday, July 29th.
In other Amerisafe news, CEO G. Janelle Frost sold 15,432 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $59.01, for a total value of $910,642.32. Following the sale, the chief executive officer now directly owns 60,321 shares of the company’s stock, valued at $3,559,542.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Neal Andrew Fuller sold 1,200 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $57.30, for a total transaction of $68,760.00. Following the completion of the sale, the chief financial officer now directly owns 25,060 shares in the company, valued at $1,435,938. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.
Amerisafe Company Profile
AMERISAFE, Inc (AMERISAFE) is an insurance holding company. The Company provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, manufacturing, agriculture, and oil and gas. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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