TD Asset Management Inc cut its holdings in AMERISAFE, Inc. (NASDAQ:AMSF – Free Report) by 12.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 137,300 shares of the insurance provider’s stock after selling 19,700 shares during the quarter. TD Asset Management Inc’s holdings in AMERISAFE were worth $7,321,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in AMERISAFE during the 2nd quarter worth about $35,000. Point72 Middle East FZE bought a new position in shares of AMERISAFE during the fourth quarter worth about $48,000. UBS Group AG grew its holdings in shares of AMERISAFE by 248.5% during the third quarter. UBS Group AG now owns 1,150 shares of the insurance provider’s stock worth $54,000 after buying an additional 820 shares in the last quarter. Captrust Financial Advisors raised its position in AMERISAFE by 30.9% in the 1st quarter. Captrust Financial Advisors now owns 2,671 shares of the insurance provider’s stock valued at $133,000 after buying an additional 631 shares during the last quarter. Finally, Belpointe Asset Management LLC boosted its position in AMERISAFE by 12.9% during the 1st quarter. Belpointe Asset Management LLC now owns 2,761 shares of the insurance provider’s stock worth $135,000 after acquiring an additional 316 shares during the last quarter. 96.88% of the stock is owned by institutional investors.
In other news, CFO Anastasios Omiridis sold 3,325 shares of AMERISAFE stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $51.22, for a total value of $170,306.50. Following the completion of the transaction, the chief financial officer now owns 1,520 shares of the company’s stock, valued at approximately $77,854.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.59% of the company’s stock.
Wall Street Analysts Forecast Growth
AMERISAFE Stock Performance
AMSF opened at $50.18 on Tuesday. The business’s 50-day simple moving average is $51.10 and its 200 day simple moving average is $52.43. AMERISAFE, Inc. has a 52-week low of $47.53 and a 52-week high of $59.51. The firm has a market capitalization of $962.55 million, a PE ratio of 15.16 and a beta of 0.36.
AMERISAFE (NASDAQ:AMSF – Get Free Report) last posted its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.03). The company had revenue of $74.82 million for the quarter, compared to analyst estimates of $75.00 million. AMERISAFE had a return on equity of 17.42% and a net margin of 20.78%. On average, research analysts forecast that AMERISAFE, Inc. will post 2.85 earnings per share for the current year.
AMERISAFE Cuts Dividend
The company also recently disclosed a None dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $3.84 dividend. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 30th. AMERISAFE’s dividend payout ratio (DPR) is presently 41.09%.
AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. The company's workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It serves small to mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.
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