AMERISAFE, Inc. $AMSF Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 3.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,372,829 shares of the insurance provider’s stock after selling 47,205 shares during the period. Vanguard Group Inc. owned 7.25% of AMERISAFE worth $60,185,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AMSF. GAMMA Investing LLC lifted its position in AMERISAFE by 38.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,633 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 455 shares during the last quarter. Tower Research Capital LLC TRC grew its position in AMERISAFE by 87.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,920 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 898 shares during the last quarter. BNP Paribas Financial Markets grew its position in AMERISAFE by 116.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,713 shares of the insurance provider’s stock worth $119,000 after purchasing an additional 1,462 shares during the last quarter. Inceptionr LLC increased its stake in shares of AMERISAFE by 17.2% in the second quarter. Inceptionr LLC now owns 4,764 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 698 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of AMERISAFE by 7.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,888 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 332 shares during the period. Institutional investors and hedge funds own 97.41% of the company’s stock.

AMERISAFE Trading Down 0.9%

AMSF stock opened at $34.37 on Friday. The firm’s 50-day moving average is $37.38 and its two-hundred day moving average is $40.35. The company has a market capitalization of $646.16 million, a price-to-earnings ratio of 13.91 and a beta of 0.37. AMERISAFE, Inc. has a 52 week low of $32.00 and a 52 week high of $53.27.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings data on Wednesday, February 25th. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.06). AMERISAFE had a net margin of 14.86% and a return on equity of 15.89%. The company had revenue of $81.59 million during the quarter, compared to the consensus estimate of $80.05 million. On average, equities research analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 13th. AMERISAFE’s dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMSF. Citigroup reiterated a “market outperform” rating on shares of AMERISAFE in a research report on Friday, January 16th. Citizens Jmp lowered their target price on AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating on the stock in a research report on Friday, January 16th. Morgan Stanley set a $55.00 target price on AMERISAFE in a research note on Friday, January 16th. Wall Street Zen lowered AMERISAFE from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings cut AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $48.67.

AMERISAFE Company Profile

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.