AMERISAFE, Inc. (NASDAQ:AMSF) Position Decreased by Bank of Montreal Can
Bank of Montreal Can decreased its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,780 shares of the insurance provider’s stock after selling 5,568 shares during the period. Bank of Montreal Can’s holdings in AMERISAFE were worth $3,519,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in AMSF. Ameritas Investment Partners Inc. purchased a new position in shares of AMERISAFE during the first quarter valued at about $106,000. State of Alaska Department of Revenue increased its position in shares of AMERISAFE by 1.9% in the first quarter. 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 during the last quarter. US Bancorp DE increased its position in shares of AMERISAFE by 8.8% in the first quarter. US Bancorp DE now owns 2,510 shares of the insurance provider’s stock valued at $162,000 after buying an additional 202 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of AMERISAFE during the first quarter valued at about $208,000. Finally, Oxford Asset Management purchased a new position in shares of AMERISAFE during the first quarter valued at about $264,000. 99.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of AMERISAFE, Inc. (NASDAQ:AMSF) traded up 1.50% during trading on Friday, hitting $57.65. 49,444 shares of the company traded hands. The firm has a 50 day moving average price of $56.52 and a 200-day moving average price of $59.85. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 16.81 and a beta of 0.87. AMERISAFE, Inc. has a one year low of $51.20 and a one year high of $69.40.
AMERISAFE (NASDAQ:AMSF) last released its earnings results on Thursday, July 27th. The insurance provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The business had revenue of $89.93 million for the quarter, compared to the consensus estimate of $92.33 million. AMERISAFE had a net margin of 17.17% and a return on equity of 14.04%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Analysts predict that AMERISAFE, Inc. will post $3.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, September 7th. AMERISAFE’s dividend payout ratio (DPR) is currently 23.32%.
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Several brokerages recently issued reports on AMSF. Zacks Investment Research raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. BidaskClub raised shares of AMERISAFE from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, FBR & Co reissued an “outperform” rating and set a $64.00 price objective (down previously from $71.00) on shares of AMERISAFE in a research note on Wednesday, May 10th.
In related news, Director Philip A. Garcia purchased 1,554 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was acquired at an average cost of $51.54 per share, for a total transaction of $80,093.16. Following the completion of the acquisition, the director now owns 9,558 shares in the company, valued at approximately $492,619.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Millard E. Morris purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average price of $52.15 per share, with a total value of $104,300.00. Following the completion of the acquisition, the director now owns 10,336 shares of the company’s stock, valued at approximately $539,022.40. The disclosure for this purchase can be found here. Over the last three months, insiders bought 6,054 shares of company stock worth $311,443. 2.20% of the stock is currently owned by insiders.
AMERISAFE Company Profile
Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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