Principal Financial Group Inc. Acquires 854 Shares of Amerisafe, Inc. (AMSF)
Principal Financial Group Inc. raised its holdings in Amerisafe, Inc. (NASDAQ:AMSF) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 156,446 shares of the insurance provider’s stock after purchasing an additional 854 shares during the quarter. Principal Financial Group Inc. owned 0.81% of Amerisafe worth $8,869,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Amerisafe by 2.4% during 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. Martingale Asset Management L P raised its stake in shares of Amerisafe by 6.7% during the 3rd quarter. Martingale Asset Management L P now owns 43,205 shares of the insurance provider’s stock valued at $2,677,000 after purchasing an additional 2,700 shares during the period. BlackRock Inc. raised its stake in shares of Amerisafe by 1.5% during the 3rd quarter. BlackRock Inc. now owns 2,437,426 shares of the insurance provider’s stock valued at $150,998,000 after purchasing an additional 36,880 shares during the period. Standard Life Aberdeen plc raised its stake in shares of Amerisafe by 6.4% during 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. Finally, Stevens Capital Management LP bought a new stake in shares of Amerisafe during the 3rd quarter valued at $277,000.
In other news, CFO Neal Andrew Fuller sold 578 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $61.76, for a total value of $35,697.28. Following the completion of the transaction, the chief financial officer now directly owns 20,341 shares in the company, valued at approximately $1,256,260.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO G. Janelle Frost sold 1,691 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $61.50, for a total value of $103,996.50. Following the completion of the transaction, the chief executive officer now owns 57,912 shares of the company’s stock, valued at $3,561,588. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,553 shares of company stock valued at $218,698. 1.80% of the stock is owned by company insiders.
Amerisafe (NASDAQ:AMSF) last posted its earnings results on Wednesday, February 27th. The insurance provider reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.20. Amerisafe had a return on equity of 17.07% and a net margin of 18.96%. As a group, equities research analysts predict that Amerisafe, Inc. will post 3.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.76%. This is a boost from Amerisafe’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 7th. Amerisafe’s payout ratio is presently 25.91%.
A number of analysts recently issued reports on AMSF shares. BidaskClub upgraded Amerisafe from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. ValuEngine cut Amerisafe from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, Zacks Investment Research cut Amerisafe from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Amerisafe has a consensus rating of “Hold” and an average target price of $66.33.
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Amerisafe Company Profile
AMERISAFE, Inc, an insurance holding company, provides 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 serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.
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