PineBridge Investments L.P. increased its position in Amerisafe Inc. (NASDAQ:AMSF) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,433 shares of the company’s stock after buying an additional 95 shares during the period. PineBridge Investments L.P.’s holdings in Amerisafe were worth $148,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. Nuveen Asset Management LLC increased its position in Amerisafe by 8.0% in the first quarter. Nuveen Asset Management LLC now owns 101,746 shares of the company’s stock worth $5,346,000 after buying an additional 7,520 shares in the last quarter. WESPAC Advisors LLC increased its position in Amerisafe by 16.0% in the second quarter. WESPAC Advisors LLC now owns 37,815 shares of the company’s stock worth $2,315,000 after buying an additional 5,208 shares in the last quarter. Royal Bank of Canada increased its position in Amerisafe by 6.3% in the first quarter. Royal Bank of Canada now owns 1,184,814 shares of the company’s stock worth $62,251,000 after buying an additional 70,658 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Amerisafe during the first quarter worth $621,000. Finally, Prudential Financial Inc. increased its position 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. 96.56% of the stock is currently owned by institutional investors.
Shares of Amerisafe Inc. (NASDAQ:AMSF) opened at 58.29 on Monday. The company’s 50-day moving average is $58.98 and its 200 day moving average is $57.69. The stock has a market cap of $1.11 billion, a P/E ratio of 13.63 and a beta of 0.72. Amerisafe Inc. has a 1-year low of $46.88 and a 1-year high of $64.97.
Amerisafe (NASDAQ:AMSF) last released its earnings results on Thursday, July 28th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.89 by $0.04. The firm earned $97.56 million during the quarter, compared to analysts’ expectations of $100.25 million. Amerisafe had a return on equity of 16.95% and a net margin of 20.52%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. Equities research analysts anticipate that Amerisafe Inc. will post $4.00 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, September 7th. Amerisafe’s dividend payout ratio (DPR) is currently 16.78%.
A number of equities analysts have recently commented on AMSF shares. FBR & Co reissued a “buy” rating on shares of Amerisafe in a research note on Friday, July 29th. Zacks Investment Research raised shares of Amerisafe from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th.
In other news, CFO Neal Andrew Fuller sold 1,200 shares of Amerisafe stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $57.30, for a total value of $68,760.00. Following the transaction, the chief financial officer now directly owns 25,060 shares of the company’s stock, valued at $1,435,938. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO G. Janelle Frost sold 7,568 shares of Amerisafe stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $59.19, for a total transaction of $447,949.92. Following the completion of the transaction, the chief executive officer now directly owns 60,321 shares in the company, valued at $3,570,399.99. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by 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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