Great West Life Assurance Co. Can held its stake in shares of Amerisafe Inc. (NASDAQ:AMSF) during the second quarter, according to its most recent filing with the SEC. The fund owned 2,488 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Amerisafe were worth $131,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Amerisafe during the fourth quarter valued at $8,725,000. Fisher Asset Management LLC increased its stake in shares of Amerisafe by 7.8% in the first quarter. Fisher Asset Management LLC now owns 74,724 shares of the company’s stock valued at $3,890,000 after buying an additional 5,409 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of Amerisafe during the first quarter valued at $277,000. Prudential Financial Inc. increased its stake in shares of Amerisafe by 0.6% in the first quarter. Prudential Financial Inc. now owns 91,041 shares of the company’s stock valued at $4,783,000 after buying an additional 540 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in shares of Amerisafe by 7.5% in the first quarter. BlackRock Group LTD now owns 29,193 shares of the company’s stock valued at $1,534,000 after buying an additional 2,043 shares in the last quarter. 96.56% of the stock is currently owned by institutional investors and hedge funds.
Amerisafe Inc. (NASDAQ:AMSF) traded down 1.02% on Friday, hitting $58.92. 77,155 shares of the stock were exchanged. Amerisafe Inc. has a 52-week low of $46.88 and a 52-week high of $64.97. The firm has a market cap of $1.13 billion, a PE ratio of 13.77 and a beta of 0.75. The stock’s 50 day moving average price is $58.78 and its 200 day moving average price is $57.40.
Amerisafe (NASDAQ:AMSF) last released 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 company earned $97.56 million during the quarter, compared to analyst estimates of $100.25 million. During the same period in the prior year, the business posted $0.84 EPS. Amerisafe’s revenue was down 2.4% compared to the same quarter last year. Equities research analysts forecast that Amerisafe Inc. will post $4.00 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a $0.18 dividend. 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 1.22%. Amerisafe’s dividend payout ratio is currently 16.78%.
AMSF has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Amerisafe from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. FBR & Co restated a “buy” rating on shares of Amerisafe in a report on Friday, July 29th.
In related news, CEO G. Janelle Frost sold 15,432 shares of Amerisafe 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 owns 60,321 shares of the company’s stock, valued at approximately $3,559,542.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Neal Andrew Fuller sold 1,200 shares of Amerisafe 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 approximately $1,435,938. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate 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.
Want to see what other hedge funds are holding AMSF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amerisafe Inc. (NASDAQ:AMSF).
Receive News & Ratings for Amerisafe Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amerisafe Inc. and related companies with MarketBeat.com's FREE daily email newsletter.