Marshall Wace LLP purchased a new position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) in the 2nd quarter, HoldingsChannel reports. The firm purchased 16,150 shares of the insurance provider’s stock, valued at approximately $964,000.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Morgan Stanley raised its holdings in AMERISAFE by 52.0% during the 2nd quarter. Morgan Stanley now owns 93,671 shares of the insurance provider’s stock worth $5,590,000 after purchasing an additional 32,052 shares during the last quarter. Bramshill Investments LLC raised its holdings in AMERISAFE by 10.9% during the 2nd quarter. Bramshill Investments LLC now owns 13,808 shares of the insurance provider’s stock worth $824,000 after purchasing an additional 1,361 shares during the last quarter. Metropolitan Life Insurance Co NY raised its holdings in AMERISAFE by 101,183.3% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 6,077 shares of the insurance provider’s stock worth $363,000 after purchasing an additional 6,071 shares during the last quarter. Millennium Management LLC bought a new position in AMERISAFE during the 2nd quarter worth approximately $1,112,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in AMERISAFE by 5.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,551 shares of the insurance provider’s stock worth $451,000 after purchasing an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 96.69% of the company’s stock.
Separately, JMP Securities lowered their price target on shares of AMERISAFE from $75.00 to $70.00 and set a “market outperform” rating for the company in a report on Friday, October 15th.
AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings data on Tuesday, October 26th. The insurance provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.25. The company had revenue of $73.82 million during the quarter, compared to analyst estimates of $76.42 million. AMERISAFE had a net margin of 27.85% and a return on equity of 17.07%. During the same quarter in the previous year, the business posted $1.16 EPS. Equities research analysts anticipate that AMERISAFE, Inc. will post 3.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 17th. Stockholders of record on Friday, December 3rd will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, December 2nd. This represents a $1.16 annualized dividend and a dividend yield of 2.07%. AMERISAFE’s dividend payout ratio is currently 24.79%.
AMERISAFE Company Profile
AMERISAFE, Inc is a holding company, which engages the provision of workers’ compensation insurance focused on small to mid-sized employers. It focuses on the businesses in construction, Marine, oil and gas, trucking, logging and lumber, manufacturing, and agriculture. The company was founded by Millard E.
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