Teachers Advisors LLC trimmed its holdings in shares of Amerisafe, Inc. (NASDAQ:AMSF) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 33,532 shares of the insurance provider’s stock after selling 896 shares during the period. Teachers Advisors LLC’s holdings in Amerisafe were worth $2,066,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Amerisafe by 1.7% during the 4th quarter. BlackRock Inc. now owns 2,372,325 shares of the insurance provider’s stock worth $146,135,000 after purchasing an additional 40,617 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Amerisafe by 640.6% during the 4th quarter. Victory Capital Management Inc. now owns 756,815 shares of the insurance provider’s stock worth $46,620,000 after purchasing an additional 654,632 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Amerisafe by 3.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 615,865 shares of the insurance provider’s stock worth $37,937,000 after purchasing an additional 22,694 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Amerisafe by 6.2% during the 4th quarter. Schroder Investment Management Group now owns 401,385 shares of the insurance provider’s stock worth $24,725,000 after purchasing an additional 23,567 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Amerisafe by 5.7% during the 4th quarter. American Century Companies Inc. now owns 390,879 shares of the insurance provider’s stock worth $24,078,000 after purchasing an additional 21,019 shares in the last quarter.

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A number of brokerages have recently weighed in on AMSF. BidaskClub cut shares of Amerisafe from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a research note on Tuesday, February 27th. Zacks Investment Research cut shares of Amerisafe from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 6th. ValuEngine raised shares of Amerisafe from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, TheStreet cut shares of Amerisafe from a “b” rating to a “c+” rating in a research note on Thursday, March 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $63.00.

In related news, EVP Vincent J. Gagliano sold 820 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $55.22, for a total transaction of $45,280.40. Following the sale, the executive vice president now owns 16,680 shares in the company, valued at $921,069.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kathryn Housh Shirley sold 691 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $55.52, for a total transaction of $38,364.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,432 shares of company stock worth $578,872. 2.20% of the stock is owned by company insiders.

Shares of NASDAQ AMSF opened at $55.30 on Tuesday. Amerisafe, Inc. has a 1 year low of $51.20 and a 1 year high of $67.82. The company has a market cap of $1,046.98, a P/E ratio of 17.60 and a beta of 0.83.

Amerisafe (NASDAQ:AMSF) last announced its earnings results on Monday, February 26th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.13). Amerisafe had a return on equity of 12.69% and a net margin of 12.32%. The firm had revenue of $94.94 million for the quarter, compared to analyst estimates of $92.71 million. During the same quarter last year, the business posted $1.04 EPS. The firm’s revenue was down 3.7% compared to the same quarter last year. analysts forecast that Amerisafe, Inc. will post 3.22 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.88 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Amerisafe’s previous quarterly dividend of $0.20. Amerisafe’s dividend payout ratio (DPR) is 28.57%.

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About Amerisafe

AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.

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Institutional Ownership by Quarter for Amerisafe (NASDAQ:AMSF)

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