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, HoldingsChannel reports. The institutional investor owned 1,372,829 shares of the insurance provider’s stock after selling 47,205 shares during the period. Vanguard Group Inc. owned 0.07% of AMERISAFE worth $60,185,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AMSF. GAMMA Investing LLC raised its position in AMERISAFE by 38.6% in the third quarter. GAMMA Investing LLC now owns 1,633 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 455 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 valued at $84,000 after acquiring an additional 898 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of AMERISAFE by 116.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,713 shares of the insurance provider’s stock valued at $119,000 after purchasing an additional 1,462 shares in the last quarter. Inceptionr LLC boosted its position in shares of AMERISAFE by 17.2% during the 2nd quarter. Inceptionr LLC now owns 4,764 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 698 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of AMERISAFE by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,888 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 332 shares during the last quarter. 97.41% of the stock is owned by institutional investors and hedge funds.

AMERISAFE Trading Down 0.9%

NASDAQ AMSF opened at $34.37 on Friday. AMERISAFE, Inc. has a 1 year low of $32.00 and a 1 year high of $53.27. The company has a market cap of $646.16 million, a PE ratio of 13.91 and a beta of 0.37. The stock’s 50-day moving average price is $37.38 and its two-hundred day moving average price is $40.35.

AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Wednesday, February 25th. The insurance provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.06). The firm had revenue of $81.59 million during the quarter, compared to analyst estimates of $80.05 million. AMERISAFE had a return on equity of 15.89% and a net margin of 14.86%. Research analysts forecast that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 13th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, March 13th. AMERISAFE’s dividend payout ratio is 63.16%.

Analyst Ratings Changes

AMSF has been the topic of a number of research reports. Weiss Ratings downgraded shares of AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Wall Street Zen lowered shares of AMERISAFE from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Citizens Jmp dropped their price target on AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating on the stock in a report on Friday, January 16th. Citigroup reiterated a “market outperform” rating on shares of AMERISAFE in a research report on Friday, January 16th. Finally, Morgan Stanley set a $55.00 price objective on AMERISAFE in a research note on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.