Amerisafe Inc. (AMSF) Shares Bought by American Century Companies Inc.
American Century Companies Inc. increased its position in shares of Amerisafe Inc. (NASDAQ:AMSF) by 958.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 832,006 shares of the company’s stock after buying an additional 753,408 shares during the period. American Century Companies Inc. owned approximately 4.37% of Amerisafe worth $64,543,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in Amerisafe during the fourth quarter worth approximately $8,725,000. Palisade Capital Management LLC NJ increased its stake in Amerisafe by 73.6% in the first quarter. Palisade Capital Management LLC NJ now owns 192,038 shares of the company’s stock worth $10,090,000 after buying an additional 81,439 shares during the period. Bank of Montreal Can acquired a new stake in Amerisafe during the second quarter worth about $4,747,000. Royal Bank of Canada increased its stake in Amerisafe by 6.3% in the first quarter. Royal Bank of Canada now owns 1,184,814 shares of the company’s stock worth $62,251,000 after buying an additional 70,658 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Amerisafe by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 529,548 shares of the company’s stock worth $27,822,000 after buying an additional 13,504 shares during the period. 96.56% of the stock is owned by institutional investors.
Amerisafe Inc. (NASDAQ:AMSF) traded down 0.19% during mid-day trading on Tuesday, reaching $58.52. 91,369 shares of the company were exchanged. Amerisafe Inc. has a 12 month low of $46.88 and a 12 month high of $64.97. The company has a market cap of $1.12 billion, a P/E ratio of 13.68 and a beta of 0.72. The stock’s 50-day moving average is $58.99 and its 200-day moving average is $57.90.
Amerisafe (NASDAQ:AMSF) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by $0.04. Amerisafe had a net margin of 20.52% and a return on equity of 16.95%. The company earned $97.56 million during the quarter, compared to analyst estimates of $100.25 million. During the same quarter last year, the business earned $0.84 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Equities analysts expect that Amerisafe Inc. will post $4.00 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.23%. Amerisafe’s dividend payout ratio (DPR) is 16.78%.
A number of analysts recently issued reports on AMSF shares. FBR & Co reissued a “buy” rating on shares of Amerisafe in a research report on Friday, July 29th. Zacks Investment Research downgraded shares of Amerisafe from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 18th.
In other Amerisafe news, CEO G. Janelle Frost sold 15,432 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $59.01, for a total transaction of $910,642.32. Following the completion of the sale, the chief executive officer now directly owns 60,321 shares in the company, valued at approximately $3,559,542.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Neal Andrew Fuller sold 1,200 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was 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 of the company’s stock, valued at $1,435,938. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
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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