Prudential Financial Inc. trimmed its position in shares of Amerisafe, Inc. (NASDAQ:AMSF) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,876 shares of the insurance provider’s stock after selling 727 shares during the quarter. Prudential Financial Inc.’s holdings in Amerisafe were worth $1,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMSF. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Amerisafe by 36.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,213 shares of the insurance provider’s stock worth $69,000 after buying an additional 322 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Amerisafe in the 4th quarter worth about $51,000. Opus Capital Group LLC boosted its holdings in shares of Amerisafe by 3.9% in the 4th quarter. Opus Capital Group LLC now owns 26,584 shares of the insurance provider’s stock worth $1,507,000 after buying an additional 994 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Amerisafe in the 4th quarter worth about $57,000. Finally, Boston Partners boosted its holdings in shares of Amerisafe by 2.0% in the 4th quarter. Boston Partners now owns 76,374 shares of the insurance provider’s stock worth $4,330,000 after buying an additional 1,528 shares during the last quarter.

In related news, CFO Neal Andrew Fuller sold 578 shares of the business’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 sale, the chief financial officer now directly owns 20,341 shares in the company, valued at approximately $1,256,260.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathryn Housh Shirley sold 1,284 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $61.53, for a total value of $79,004.52. Following the completion of the sale, the executive vice president now owns 10,569 shares in the company, valued at $650,310.57. The disclosure for this sale can be found here. Insiders sold a total of 3,553 shares of company stock worth $218,698 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

A number of equities analysts recently weighed in on AMSF shares. BidaskClub downgraded shares of Amerisafe from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. Zacks Investment Research downgraded shares of Amerisafe from a “buy” rating to a “hold” rating in a report on Monday, February 11th. Finally, ValuEngine raised shares of Amerisafe from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.33.

Shares of Amerisafe stock opened at $59.39 on Thursday. Amerisafe, Inc. has a 52-week low of $50.46 and a 52-week high of $67.96. The stock has a market capitalization of $1.16 billion, a P/E ratio of 15.39 and a beta of 0.53.

Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings data on Wednesday, February 27th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.20. Amerisafe had a return on equity of 17.07% and a net margin of 18.96%. On average, equities analysts anticipate that Amerisafe, Inc. will post 3.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be paid a $0.25 dividend. This is a boost from Amerisafe’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, March 7th. Amerisafe’s payout ratio is currently 25.91%.

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About Amerisafe

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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Institutional Ownership by Quarter for Amerisafe (NASDAQ:AMSF)

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