Schroder Investment Management Group Purchases 153,671 Shares of AMERISAFE, Inc. (AMSF)
Schroder Investment Management Group boosted its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 55.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 430,189 shares of the insurance provider’s stock after purchasing an additional 153,671 shares during the quarter. Schroder Investment Management Group owned about 2.25% of AMERISAFE worth $24,542,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in AMERISAFE by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 162,215 shares of the insurance provider’s stock valued at $10,527,000 after purchasing an additional 4,444 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in AMERISAFE by 8.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 27,741 shares of the insurance provider’s stock valued at $1,799,000 after purchasing an additional 2,159 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in AMERISAFE by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the insurance provider’s stock valued at $506,000 after purchasing an additional 100 shares during the last quarter. Stevens Capital Management LP raised its stake in AMERISAFE by 42.2% in the 1st quarter. Stevens Capital Management LP now owns 7,104 shares of the insurance provider’s stock valued at $461,000 after purchasing an additional 2,107 shares during the last quarter. Finally, BlackRock Inc. raised its stake in AMERISAFE by 90,634.5% in the 1st quarter. BlackRock Inc. now owns 2,254,752 shares of the insurance provider’s stock valued at $146,333,000 after purchasing an additional 2,252,267 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on AMSF. BidaskClub raised AMERISAFE from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research raised AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Friday, September 1st.
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AMERISAFE, Inc. (AMSF) opened at 56.25 on Wednesday. The company has a 50-day moving average price of $55.73 and a 200 day moving average price of $58.02. AMERISAFE, Inc. has a 1-year low of $51.20 and a 1-year high of $69.40. The firm has a market capitalization of $1.08 billion, a P/E ratio of 16.40 and a beta of 0.89.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. The firm had revenue of $89.93 million during the quarter, compared to analysts’ expectations of $92.33 million. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. AMERISAFE’s revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. Analysts expect that AMERISAFE, Inc. will post $3.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.80 annualized dividend and a yield of 1.42%. AMERISAFE’s dividend payout ratio is presently 23.32%.
In related news, Director Randy Roach sold 500 shares of AMERISAFE stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $56.90, for a total transaction of $28,450.00. Following the completion of the transaction, the director now directly owns 8,399 shares of the company’s stock, valued at $477,903.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.
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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