AMERISAFE, Inc. (NASDAQ:AMSF) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 536,836 shares of the insurance provider’s stock after purchasing an additional 83,297 shares during the period. Geode Capital Management LLC owned approximately 2.82% of AMERISAFE worth $27,675,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AMSF. State Street Corp raised its stake in shares of AMERISAFE by 8.5% during the third quarter. State Street Corp now owns 811,561 shares of the insurance provider’s stock valued at $39,223,000 after purchasing an additional 63,638 shares during the period. Barclays PLC lifted its position in shares of AMERISAFE by 365.6% during the third quarter. Barclays PLC now owns 33,219 shares of the insurance provider’s stock worth $1,605,000 after purchasing an additional 26,084 shares during the last quarter. Jane Street Group LLC raised its stake in AMERISAFE by 70.6% during the third quarter. Jane Street Group LLC now owns 41,299 shares of the insurance provider’s stock valued at $1,996,000 after buying an additional 17,084 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of AMERISAFE by 1,328.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,914 shares of the insurance provider’s stock worth $305,000 after acquiring an additional 5,500 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in AMERISAFE by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 661,795 shares of the insurance provider’s stock worth $34,109,000 after purchasing an additional 21,799 shares during the last quarter. 97.41% of the stock is owned by hedge funds and other institutional investors.

AMERISAFE Stock Down 0.2 %

AMSF opened at $49.53 on Friday. The company’s 50-day moving average price is $50.52 and its 200 day moving average price is $52.17. AMERISAFE, Inc. has a fifty-two week low of $41.97 and a fifty-two week high of $60.24. The firm has a market cap of $943.55 million, a price-to-earnings ratio of 15.48 and a beta of 0.34.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings data on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The business had revenue of $73.51 million for the quarter, compared to analysts’ expectations of $77.37 million. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. Research analysts anticipate that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Friday, March 7th. AMERISAFE’s dividend payout ratio is currently 53.98%.

AMERISAFE Company Profile

AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.