Louisiana State Employees Retirement System acquired a new stake in AMERISAFE, Inc. (NASDAQ:AMSF – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,200 shares of the insurance provider’s stock, valued at approximately $430,000.
Other large investors also recently modified their holdings of the company. Pinebridge Investments L.P. boosted its position in shares of AMERISAFE by 417.0% in the second quarter. Pinebridge Investments L.P. now owns 517 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 417 shares during the period. Assetmark Inc. lifted its position in AMERISAFE by 378.3% during the second quarter. Assetmark Inc. now owns 550 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 435 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in AMERISAFE during the second quarter valued at approximately $35,000. Captrust Financial Advisors lifted its position in AMERISAFE by 30.9% during the first quarter. Captrust Financial Advisors now owns 2,671 shares of the insurance provider’s stock valued at $133,000 after purchasing an additional 631 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in AMERISAFE by 16.3% during the second quarter. Mutual of America Capital Management LLC now owns 3,245 shares of the insurance provider’s stock valued at $169,000 after purchasing an additional 455 shares during the last quarter. 97.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of AMERISAFE in a research report on Wednesday, October 12th. They set a “hold” rating for the company.
AMERISAFE Stock Performance
AMERISAFE (NASDAQ:AMSF – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The insurance provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15. The firm had revenue of $74.88 million during the quarter, compared to analyst estimates of $72.33 million. AMERISAFE had a net margin of 13.08% and a return on equity of 11.12%. As a group, equities research analysts predict that AMERISAFE, Inc. will post 2.88 earnings per share for the current year.
AMERISAFE Increases Dividend
The firm also recently disclosed a None dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, December 2nd were issued a $4.31 dividend. This represents a dividend yield of 2.1%. This is a positive change from AMERISAFE’s previous None dividend of $4.00. The ex-dividend date of this dividend was Thursday, December 1st. AMERISAFE’s payout ratio is presently 62.63%.
AMERISAFE Company Profile
AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. The company's workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It serves small to mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.
- Get a free copy of the StockNews.com research report on AMERISAFE (AMSF)
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