Fisher Asset Management LLC increased its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 29.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 45,018 shares of the insurance provider’s stock after buying an additional 10,182 shares during the period. Fisher Asset Management LLC owned about 0.24% of AMERISAFE worth $2,564,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue boosted 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 period. BNP Paribas Arbitrage SA boosted its position in shares of AMERISAFE by 1.3% in the first quarter. BNP Paribas Arbitrage SA now owns 4,640 shares of the insurance provider’s stock valued at $301,000 after buying an additional 59 shares during the period. Legal & General Group Plc boosted its position in shares of AMERISAFE by 0.3% in the first quarter. Legal & General Group Plc now owns 31,819 shares of the insurance provider’s stock valued at $2,064,000 after buying an additional 93 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of AMERISAFE by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the insurance provider’s stock valued at $506,000 after buying an additional 100 shares during the period. Finally, Suntrust Banks Inc. boosted its position in shares of AMERISAFE by 4.1% in the first quarter. Suntrust Banks Inc. now owns 4,225 shares of the insurance provider’s stock valued at $273,000 after buying an additional 168 shares during the period. Hedge funds and other institutional investors own 99.58% of the company’s stock.
AMERISAFE, Inc. (AMSF) opened at 56.85 on Friday. The firm’s 50-day moving average price is $55.56 and its 200 day moving average price is $60.21. AMERISAFE, Inc. has a 52-week low of $51.20 and a 52-week high of $69.40. The firm has a market cap of $1.09 billion, a PE ratio of 16.33 and a beta of 0.87.
AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Wednesday, April 26th. The insurance provider reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.19. AMERISAFE had a return on equity of 14.05% and a net margin of 17.13%. The business had revenue of $97.72 million during the quarter, compared to the consensus estimate of $97.61 million. During the same period in the prior year, the business earned $1.27 EPS. The business’s revenue was down 4.3% on a year-over-year basis. On average, equities analysts anticipate that AMERISAFE, Inc. will post $3.15 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were issued a $0.20 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.41%. AMERISAFE’s dividend payout ratio is currently 22.92%.
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Several brokerages recently issued reports on AMSF. BidaskClub upgraded AMERISAFE from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research cut AMERISAFE from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 2nd. Finally, FBR & Co restated an “outperform” rating and issued a $64.00 price target (down previously from $71.00) on shares of AMERISAFE in a research report on Wednesday, May 10th.
In other AMERISAFE news, Director Jared A. Morris bought 2,500 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $50.82 per share, with a total value of $127,050.00. Following the completion of the acquisition, the director now directly owns 12,390 shares of the company’s stock, valued at approximately $629,659.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Philip A. Garcia bought 1,554 shares of the business’s stock in a transaction 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 acquisition, the director now directly owns 9,558 shares of the company’s stock, valued at $492,619.32. The disclosure for this purchase can be found here. Insiders acquired 6,054 shares of company stock worth $311,443 in the last three months. 2.20% of the stock is currently owned by corporate insiders.
About AMERISAFE
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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