Prudential Financial Inc. reduced its position in Amerisafe Inc. (NASDAQ:AMSF) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 89,691 shares of the company’s stock after selling 1,350 shares during the period. Prudential Financial Inc. owned about 0.47% of Amerisafe worth $5,491,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the company. Teacher Retirement System of Texas increased its stake in shares of Amerisafe by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,666 shares of the company’s stock worth $163,000 after buying an additional 323 shares during the last quarter. KBC Group NV boosted its position in Amerisafe by 243.7% in the second quarter. KBC Group NV now owns 3,757 shares of the company’s stock worth $230,000 after buying an additional 2,664 shares during the last quarter. 1st Global Advisors Inc. bought a new position in Amerisafe during the second quarter worth $251,000. Aperio Group LLC bought a new position in Amerisafe during the first quarter worth $277,000. Finally, Intrust Bank NA bought a new position in Amerisafe during the second quarter worth $325,000. 96.56% of the stock is owned by institutional investors and hedge funds.
Amerisafe Inc. (NASDAQ:AMSF) traded down 0.55% on Thursday, reaching $60.01. 1,490 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $59.15 and its 200 day moving average price is $58.17. Amerisafe Inc. has a 52-week low of $46.88 and a 52-week high of $64.97. The company has a market cap of $1.15 billion, a PE ratio of 14.03 and a beta of 0.72.
Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by $0.04. Amerisafe had a net margin of 20.52% and a return on equity of 16.95%. The business had revenue of $97.56 million for the quarter, compared to analysts’ expectations of $100.25 million. During the same period last year, the business earned $0.84 earnings per share. The company’s revenue was down 2.4% on a year-over-year basis. On average, analysts expect that Amerisafe Inc. will post $4.00 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.19%. Amerisafe’s dividend payout ratio is currently 16.78%.
AMSF has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Amerisafe from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. FBR & Co reiterated a “buy” rating on shares of Amerisafe in a research note on Friday, July 29th.
In other Amerisafe news, CFO Neal Andrew Fuller sold 1,200 shares of the firm’s stock in a transaction dated 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 approximately $1,435,938. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO G. Janelle Frost sold 15,432 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $59.01, for a total transaction of $910,642.32. Following the sale, the chief executive officer now owns 60,321 shares of the company’s stock, valued at $3,559,542.21. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
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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