Legal & General Group Plc raised its position in Amerisafe, Inc. (NASDAQ:AMSF) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,308 shares of the insurance provider’s stock after purchasing an additional 170 shares during the period. Legal & General Group Plc owned 0.21% of Amerisafe worth $2,335,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Amerisafe by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 302,412 shares of the insurance provider’s stock valued at $18,735,000 after purchasing an additional 7,047 shares during the period. Standard Life Aberdeen plc boosted its holdings in Amerisafe by 6.4% in the 3rd quarter. Standard Life Aberdeen plc now owns 509,320 shares of the insurance provider’s stock valued at $31,578,000 after purchasing an additional 30,558 shares during the period. Granite Investment Partners LLC boosted its holdings in Amerisafe by 6.3% in the 4th quarter. Granite Investment Partners LLC now owns 184,991 shares of the insurance provider’s stock valued at $10,487,000 after purchasing an additional 10,961 shares during the period. Fisher Asset Management LLC boosted its holdings in Amerisafe by 8.7% in the 4th quarter. Fisher Asset Management LLC now owns 32,987 shares of the insurance provider’s stock valued at $1,870,000 after purchasing an additional 2,652 shares during the period. Finally, Eaton Vance Management bought a new position in Amerisafe in the 4th quarter valued at $6,184,000.
In other news, CFO Neal Andrew Fuller sold 578 shares of Amerisafe stock in a transaction on Monday, March 4th. The shares were sold at an average price of $61.76, for a total transaction of $35,697.28. Following the completion of the sale, the chief financial officer now directly owns 20,341 shares of the company’s stock, valued at approximately $1,256,260.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO G. Janelle Frost sold 1,691 shares of Amerisafe stock in a transaction on Monday, March 4th. The stock was sold at an average price of $61.50, for a total transaction of $103,996.50. Following the sale, the chief executive officer now directly owns 57,912 shares of the company’s stock, valued at $3,561,588. The disclosure for this sale can be found here. Insiders have sold a total of 3,553 shares of company stock valued at $218,698 over the last ninety days. 1.80% of the stock is currently owned by insiders.
Amerisafe (NASDAQ:AMSF) last posted its quarterly earnings data on Wednesday, February 27th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.23. Amerisafe had a net margin of 18.96% and a return on equity of 17.07%. The company had revenue of $97.08 million during the quarter, compared to the consensus estimate of $95.19 million. On average, research analysts predict that Amerisafe, Inc. will post 3.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.25 per share. This is an increase from Amerisafe’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, March 7th. Amerisafe’s payout ratio is currently 25.91%.
Several brokerages have commented on AMSF. Zacks Investment Research downgraded shares of Amerisafe from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. BidaskClub raised shares of Amerisafe from a “buy” rating to a “strong-buy” rating in a report on Monday, February 18th. Finally, ValuEngine raised shares of Amerisafe from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Amerisafe has an average rating of “Hold” and a consensus price target of $66.33.
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AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.
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