AMERISAFE, Inc. (AMSF) to Issue Quarterly Dividend of $0.41 on December 11th

AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.41 per share by the insurance provider on Friday, December 11th. This represents a $1.64 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, December 4th.

AMERISAFE has decreased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. AMERISAFE has a dividend payout ratio of 74.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AMERISAFE to earn $1.93 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 85.0%.

AMERISAFE Stock Performance

AMSF traded down $2.25 during trading on Thursday, reaching $23.05. 265,388 shares of the company traded hands, compared to its average volume of 291,051. The firm has a fifty day simple moving average of $25.06 and a 200 day simple moving average of $31.14. AMERISAFE has a 12-month low of $22.35 and a 12-month high of $42.10. The company has a market cap of $427.25 million, a P/E ratio of 9.29 and a beta of 0.24.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Wednesday, October 28th. The insurance provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.08). AMERISAFE had a return on equity of 14.87% and a net margin of 14.00%. The business had revenue of $76.67 million for the quarter, compared to the consensus estimate of $84.72 million. As a group, sell-side analysts expect that AMERISAFE will post 1.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMSF. Mirae Asset Global Investments Co. Ltd. purchased a new position in AMERISAFE during the 3rd quarter worth $417,000. Isthmus Partners LLC grew its position in AMERISAFE by 28.1% during the third quarter. Isthmus Partners LLC now owns 136,969 shares of the insurance provider’s stock valued at $3,237,000 after acquiring an additional 30,083 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in AMERISAFE during the 3rd quarter valued at $431,000. Versant Capital Management Inc increased its position in AMERISAFE by 978.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,650 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 1,497 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in AMERISAFE during the second quarter valued at $411,000. 97.41% of the stock is owned by institutional investors and hedge funds.

AMERISAFE Company Profile

AMERISAFE, Inc is a specialty workers’ compensation insurance company serving small and midsized businesses. The company focuses on employers in industries with elevated workplace risks, including construction, trucking, logging, agriculture, manufacturing, and maritime operations.

Through its insurance subsidiaries, AMERISAFE provides workers’ compensation coverage designed to protect businesses from costs associated with workplace injuries and occupational illnesses. Its services also include workplace safety and loss-control support, claims management, medical cost containment, and premium audit services.

Headquartered in DeRidder, Louisiana, AMERISAFE primarily serves employers in the southeastern and south-central United States.