First Trust Advisors LP reduced its position in shares of Amerisafe Inc. (NASDAQ:AMSF) by 15.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,212 shares of the company’s stock after selling 2,629 shares during the period. First Trust Advisors LP owned approximately 0.07% of Amerisafe worth $870,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Nuveen Asset Management LLC increased its stake in shares of Amerisafe by 8.0% in the first quarter. Nuveen Asset Management LLC now owns 101,746 shares of the company’s stock worth $5,346,000 after buying an additional 7,520 shares during the last quarter. WESPAC Advisors LLC increased its stake in shares of Amerisafe by 16.0% in the second quarter. WESPAC Advisors LLC now owns 37,815 shares of the company’s stock worth $2,315,000 after buying an additional 5,208 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Amerisafe by 6.3% in the first quarter. Royal Bank of Canada now owns 1,184,814 shares of the company’s stock worth $62,251,000 after buying an additional 70,658 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of Amerisafe during the first quarter worth $621,000. Finally, Prudential Financial Inc. increased its stake in shares of Amerisafe by 0.6% in the first quarter. Prudential Financial Inc. now owns 91,041 shares of the company’s stock worth $4,783,000 after buying an additional 540 shares during the last quarter. 96.56% of the stock is owned by institutional investors.
Amerisafe Inc. (NASDAQ:AMSF) traded up 1.02% during mid-day trading on Friday, reaching $59.33. The company’s stock had a trading volume of 32,612 shares. Amerisafe Inc. has a 12 month low of $46.88 and a 12 month high of $64.97. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 13.87 and a beta of 0.72. The stock’s 50 day moving average is $58.99 and its 200 day moving average is $57.91.
Amerisafe (NASDAQ:AMSF) last issued its earnings results on Thursday, July 28th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by $0.04. Amerisafe had a return on equity of 16.95% and a net margin of 20.52%. The company had revenue of $97.56 million for the quarter, compared to the consensus estimate of $100.25 million. During the same quarter last year, the business posted $0.84 EPS. Amerisafe’s quarterly revenue was down 2.4% on a year-over-year basis. Equities research analysts predict that Amerisafe Inc. will post $4.00 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, September 7th. Amerisafe’s dividend payout ratio (DPR) is currently 16.78%.
A number of equities research analysts have weighed in on AMSF shares. FBR & Co reissued a “buy” rating on shares of Amerisafe in a report on Friday, July 29th. Zacks Investment Research raised shares of Amerisafe from a “sell” rating to a “hold” rating in a report on Thursday, August 11th.
In other Amerisafe news, CEO G. Janelle Frost sold 15,432 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $59.01, for a total transaction of $910,642.32. Following the transaction, the chief executive officer now owns 60,321 shares in the company, valued at $3,559,542.21. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Neal Andrew Fuller sold 1,200 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $57.30, for a total value of $68,760.00. Following the transaction, the chief financial officer now owns 25,060 shares in the company, valued at approximately $1,435,938. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Amerisafe Company Profile
AMERISAFE, Inc (AMERISAFE) is an insurance holding company. The Company provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, manufacturing, agriculture, and oil and gas. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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