There has been some buying and selling insider activity on AMERISAFE, Inc. (NASDAQ:AMSF) by 0.3% during the first quarter, according to its most recent filing with the SEC. Suntrust Banks Inc. now owns 4,225 shares of the insurance provider's stock worth $273,000 after buying an additional 168 shares during the period. First Trust Advisors LP now owns 42,368 shares of the insurance provider's stock worth $2,750,000 after buying an additional 10,838 shares during the period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company.
Timessquare Capital Management, LLC reports that it increased its ownership in AMERISAFE, Inc. shares by 64.8% in the last quarter. WBI Investments Inc. increased its position in AMERISAFE by 46.1% in the first quarter. Tygh Capital Management Inc. now owns 80,518 shares of the insurance provider's stock worth $5,226,000 after buying an additional 3,121 shares during the period.
UBS Asset Management Americas Inc. bought a new stake in AMERISAFE, Inc. State of Alaska Department of Revenue now owns 2,120 shares of the insurance provider's stock valued at $137,000 after buying an additional 40 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in AMERISAFE by 25.2% in the first quarter. Russell Investments Group Ltd. acquired a new stake in shares of AMERISAFE during the fourth quarter worth $2,286,000. AMERISAFE, Inc. has a 12-month low of $51.20 and a 12-month high of $69.40. The company's stock had a trading volume of 32,637 shares.
Company shares last traded at $56.55 which is marginally under $56.68, the stock's 50 day moving average and which is well below the 200 day moving average of $59.60. The company has a market cap of $1.08 billion, a P/E ratio of 16.49 and a beta of 0.87. The value of the company's investment in AMERISAFE, Inc. decreased from $3,953,000 to $2,649,000 a change of 33.0% for the reporting period. The insurance provider reported $0.82 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.77 by $0.05. AMERISAFE had a net margin of 17.17% and a return on equity of 14.04%. The firm had revenue of $89.93 million during the quarter, compared to analyst estimates of $92.33 million. The company's revenue was down 7.8% compared to the same quarter past year. Analysts expect next quarter's EPS will be $0.83 and the next full year EPS is anticipated to be $3.06.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.20 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.41%. AMERISAFE's dividend payout ratio is presently 23.32%.
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AMSF has been the subject of several analyst reports. BidaskClub raised AMERISAFE from a "hold" rating to a "buy" rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded shares of AMERISAFE from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 11th. Finally, Great West Life Assurance Co. Also, Director Jared A. Morris purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average price of $50.82 per share, with a total value of $127,050.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The shares were sold on August 9th for an average price of $56.90. Following the completion of the transaction, the director now owns 8,399 shares of the company's stock, valued at approximately $477,903.10. The disclosure for this sale can be found here. Insiders purchased 6,054 shares of company stock worth $311,443 over the last three months.
Cuts Position in AMERISAFE, Inc.