Rhumbline Advisers Acquires 7,920 Shares of AMERISAFE, Inc. (AMSF)
Rhumbline Advisers increased its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 16.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,977 shares of the insurance provider’s stock after purchasing an additional 7,920 shares during the period. Rhumbline Advisers owned 0.29% of AMERISAFE worth $3,200,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its stake in shares of AMERISAFE by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,220 shares of the insurance provider’s stock worth $420,000 after acquiring an additional 2,680 shares during the period. Sei Investments Co. lifted its stake in shares of AMERISAFE by 64.6% in the 3rd quarter. Sei Investments Co. now owns 18,335 shares of the insurance provider’s stock worth $1,068,000 after acquiring an additional 7,195 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of AMERISAFE by 66.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 10,360 shares of the insurance provider’s stock worth $603,000 after acquiring an additional 4,126 shares during the period. Tygh Capital Management Inc. lifted its stake in shares of AMERISAFE by 2.1% in the 3rd quarter. Tygh Capital Management Inc. now owns 108,928 shares of the insurance provider’s stock worth $6,340,000 after acquiring an additional 2,215 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of AMERISAFE by 68.9% in the 3rd quarter. American Century Companies Inc. now owns 369,860 shares of the insurance provider’s stock worth $21,526,000 after acquiring an additional 150,876 shares during the period. Institutional investors own 99.53% of the company’s stock.
Shares of AMERISAFE, Inc. (AMSF) opened at $66.85 on Friday. AMERISAFE, Inc. has a 52 week low of $51.20 and a 52 week high of $69.40. The company has a market cap of $1,274.92, a PE ratio of 19.26 and a beta of 0.87.
AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. AMERISAFE had a net margin of 17.07% and a return on equity of 13.92%. The firm had revenue of $92.90 million during the quarter, compared to analysts’ expectations of $92.04 million. During the same quarter last year, the business earned $0.93 earnings per share. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. research analysts expect that AMERISAFE, Inc. will post 3.22 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, December 13th. AMERISAFE’s dividend payout ratio (DPR) is 23.81%.
In related news, CFO Neal Andrew Fuller sold 1,850 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $56.94, for a total value of $105,339.00. Following the completion of the sale, the chief financial officer now owns 23,210 shares in the company, valued at $1,321,577.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO G. Janelle Frost sold 1,728 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $66.74, for a total transaction of $115,326.72. Following the completion of the sale, the chief executive officer now owns 54,322 shares of the company’s stock, valued at approximately $3,625,450.28. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
Several analysts have recently commented on the stock. Boenning Scattergood restated a “hold” rating on shares of AMERISAFE in a research note on Thursday, October 26th. FBR & Co restated a “buy” rating on shares of AMERISAFE in a research note on Wednesday, October 25th. B. Riley restated a “buy” rating on shares of AMERISAFE in a research note on Monday, November 6th. Zacks Investment Research cut shares of AMERISAFE from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Finally, SunTrust Banks restated a “buy” rating and issued a $69.00 target price on shares of AMERISAFE in a research note on Friday, October 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.00.
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Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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