Boston Partners boosted its stake in shares of AMERISAFE by 2.2% in the first quarter. (NASDAQ:AMSF) during the first quarter, according to its most recent Form 13F filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of AMERISAFE by 90,634.5% in the first quarter. Aberdeen Asset Management PLC/UK owns 119,344 shares worth $6,797,000. Alliancebernstein L.P.'s holdings in AMERISAFE were worth $2,097,000 at the end of the most recent quarter. Principal Financial Group Inc. now owns 162,215 shares of the insurance provider's stock valued at $10,527,000 after buying an additional 4,444 shares during the last quarter. Finally, Municipal Employees Retirement System of MI raised its position in shares of AMERISAFE by 4.1% in the second quarter. SG Americas Securities LLC now owns 4,937 shares of the insurance provider's stock valued at $320,000 after buying an additional 1,953 shares during the last quarter.
Shares of AMERISAFE, Inc. The company had a trading volume of 68,846 shares.
Company shares last traded at $57.25 which is a tad above $56.63, the stock's 50 day moving average and barely below the 200 day moving average of $59.62. AMERISAFE has a 52 week low of $51.20 and a 52 week high of $69.40. The company has a market cap of $1.08 billion, a P/E ratio of 16.49 and a beta of 0.87.
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AMERISAFE (NASDAQ:AMSF) last released its earnings results on Thursday, July 27th. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.77 by $0.05. The business had revenue of $89.93 million during the quarter, compared to the consensus estimate of $92.33 million. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. The company's quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. Analysts expect next quarter's EPS will be $0.83 and the next full year EPS is anticipated to be $3.06. AMERISAFE, Inc. recently declared a dividend which will be paid on Friday the 22nd of September 2017. Shareholders of record on Friday, September 8th will be paid a $0.20 dividend. The ex-dividend date will be on Wednesday the 7th of June 2017. The dividend payment will be $0.200 per share for the quarter which is $0.80 annualized. AMERISAFE's dividend payout ratio (DPR) is 23.32%.
ILLEGAL ACTIVITY NOTICE: This report was first posted by Week Herald and is the property of of Week Herald. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and worldwide trademark & copyright legislation. As of the end of the quarter Cortina Asset Management, LLC had acquired a total of 116,686 shares growing its position 59.5%. Zacks Investment Research lowered AMERISAFE from a "hold" rating to a "strong sell" rating in a research note on Tuesday, May 2nd. Finally, FBR & Co reaffirmed an "outperform" rating and set a $64.00 price objective (down from $71.00) on shares of AMERISAFE in a research report on Wednesday, May 10th. (NASDAQ:AMSF) recently. Randy Roach, Director disclosed the sale of 500 shares of (AMSF). The stock was sold at an average price of $56.90, for a total transaction of $28,450.00. Following the completion of the sale, the director now owns 8,399 shares of the company's stock, valued at approximately $477,903.10.
In other AMERISAFE news, Director Jared A. Morris acquired 2,500 shares of AMERISAFE stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average price of $50.82 per share, for a total transaction of $127,050.00. Following the completion of the purchase, the director now directly owns 12,390 shares of the company's stock, valued at $629,659.80. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company's stock.
Alliancebernstein L.P. reduced its stake in AMERISAFE, Inc. The Company is involved 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 involved in underwriting the workers' compensation exposures inherent in these industries.