Neuberger Berman Group LLC lessened its position in Amerisafe, Inc. (NASDAQ:AMSF) by 2.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,053,524 shares of the insurance provider’s stock after selling 27,305 shares during the period. Neuberger Berman Group LLC owned about 0.05% of Amerisafe worth $62,579,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Legal & General Group Plc boosted its stake in shares of Amerisafe by 0.4% in the 4th quarter. Legal & General Group Plc now owns 41,308 shares of the insurance provider’s stock valued at $2,335,000 after purchasing an additional 170 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Amerisafe by 0.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 63,361 shares of the insurance provider’s stock valued at $3,592,000 after purchasing an additional 170 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Amerisafe by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 6,189 shares of the insurance provider’s stock valued at $368,000 after purchasing an additional 205 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Amerisafe by 1.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 19,954 shares of the insurance provider’s stock valued at $1,185,000 after purchasing an additional 252 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. boosted its stake in shares of Amerisafe by 5.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,852 shares of the insurance provider’s stock valued at $288,000 after purchasing an additional 270 shares in the last quarter.

AMSF has been the topic of several recent analyst reports. BidaskClub upgraded shares of Amerisafe from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 28th. Zacks Investment Research downgraded shares of Amerisafe from a “buy” rating to a “hold” rating in a research report on Tuesday, February 26th. Finally, ValuEngine upgraded shares of Amerisafe from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $66.33.

NASDAQ AMSF traded up $0.21 on Wednesday, hitting $60.36. 8 shares of the company were exchanged, compared to its average volume of 74,671. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 15.67 and a beta of 0.49. Amerisafe, Inc. has a 1-year low of $50.46 and a 1-year high of $67.96.

Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.14. The business had revenue of $92.97 million for the quarter, compared to the consensus estimate of $93.62 million. Amerisafe had a net margin of 19.76% and a return on equity of 17.34%. On average, research analysts predict that Amerisafe, Inc. will post 3.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.00 annualized dividend and a yield of 1.66%. Amerisafe’s dividend payout ratio is currently 25.91%.

In related news, CEO G. Janelle Frost sold 2,586 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $59.69, for a total transaction of $154,358.34. Following the completion of the sale, the chief executive officer now directly owns 63,084 shares of the company’s stock, valued at approximately $3,765,483.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Vincent J. Gagliano sold 654 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $60.04, for a total value of $39,266.16. Following the sale, the executive vice president now directly owns 17,492 shares of the company’s stock, valued at $1,050,219.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,125 shares of company stock valued at $246,441. 1.70% of the stock is currently owned by company insiders.

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About Amerisafe

AMERISAFE, Inc, an insurance holding company, underwrites 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 provides workers' compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.

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Institutional Ownership by Quarter for Amerisafe (NASDAQ:AMSF)

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