Wells Fargo & Company MN Boosts Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

Wells Fargo & Company MN raised its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,464 shares of the insurance provider’s stock after acquiring an additional 2,365 shares during the quarter. Wells Fargo & Company MN owned approximately 0.32% of AMERISAFE worth $3,116,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Isthmus Partners LLC lifted its stake in AMERISAFE by 0.5% in the fourth quarter. Isthmus Partners LLC now owns 63,926 shares of the insurance provider’s stock valued at $3,295,000 after purchasing an additional 316 shares during the last quarter. Values First Advisors Inc. raised its holdings in AMERISAFE by 8.2% during the 4th quarter. Values First Advisors Inc. now owns 5,350 shares of the insurance provider’s stock valued at $276,000 after acquiring an additional 404 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of AMERISAFE by 4.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,904 shares of the insurance provider’s stock worth $562,000 after acquiring an additional 428 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of AMERISAFE by 63.4% in the fourth quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider’s stock worth $69,000 after acquiring an additional 521 shares during the period. Finally, WINTON GROUP Ltd grew its position in shares of AMERISAFE by 3.3% in the fourth quarter. WINTON GROUP Ltd now owns 21,859 shares of the insurance provider’s stock valued at $1,127,000 after purchasing an additional 690 shares in the last quarter. 97.41% of the stock is owned by institutional investors.

AMERISAFE Stock Performance

NASDAQ:AMSF opened at $49.25 on Thursday. AMERISAFE, Inc. has a 52-week low of $41.97 and a 52-week high of $60.24. The business’s fifty day moving average is $50.49 and its 200 day moving average is $52.18. The firm has a market cap of $938.21 million, a price-to-earnings ratio of 15.39 and a beta of 0.34.

AMERISAFE (NASDAQ:AMSF) last posted its earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Equities analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Cuts Dividend

The firm 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 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Friday, March 7th. AMERISAFE’s dividend payout ratio is 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.