Amerisafe Inc. (AMSF) CFO Neal Andrew Fuller Sells 1,200 Shares of Stock
Amerisafe Inc. (NASDAQ:AMSF) CFO Neal Andrew Fuller sold 1,200 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $57.30, for a total value of $68,760.00. Following the sale, the chief financial officer now owns 25,060 shares in the company, valued at $1,435,938. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Amerisafe Inc. (NASDAQ:AMSF) opened at 57.20 on Wednesday. The company has a 50-day moving average price of $58.55 and a 200 day moving average price of $57.33. Amerisafe Inc. has a 12-month low of $46.88 and a 12-month high of $64.97. The firm has a market capitalization of $1.09 billion, a PE ratio of 13.37 and a beta of 0.75.
Amerisafe (NASDAQ:AMSF) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.04. The firm had revenue of $97.56 million for the quarter, compared to analysts’ expectations of $100.25 million. Amerisafe had a return on equity of 16.95% and a net margin of 20.52%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 earnings per share. On average, equities analysts expect that Amerisafe Inc. will post $4.00 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.26%. Amerisafe’s dividend payout ratio (DPR) is presently 16.78%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. bought a new position in shares of Amerisafe during the second quarter worth about $110,000. PineBridge Investments L.P. boosted its position in shares of Amerisafe by 4.1% in the second quarter. PineBridge Investments L.P. now owns 2,433 shares of the company’s stock worth $148,000 after buying an additional 95 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Amerisafe by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,666 shares of the company’s stock worth $163,000 after buying an additional 323 shares during the period. BlackRock Inc. boosted its position in shares of Amerisafe by 82.0% in the second quarter. BlackRock Inc. now owns 2,799 shares of the company’s stock worth $171,000 after buying an additional 1,261 shares during the period. Finally, Marco Investment Management LLC bought a new position in shares of Amerisafe during the second quarter worth about $205,000. 96.56% of the stock is owned by institutional investors.
AMSF has been the topic of a number of analyst reports. Zacks Investment Research upgraded Amerisafe from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. FBR & Co restated a “buy” rating on shares of Amerisafe in a research report on Friday, July 29th.
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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