AMERISAFE, Inc. (NASDAQ:AMSF) Stake Raised by Northern Trust Corp

Northern Trust Corp increased its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 206,675 shares of the insurance provider’s stock after buying an additional 7,517 shares during the period. Northern Trust Corp owned 1.08% of AMERISAFE worth $10,652,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMSF. R Squared Ltd bought a new position in shares of AMERISAFE during the 4th quarter worth about $99,000. KLP Kapitalforvaltning AS acquired a new position in shares of AMERISAFE in the 4th quarter worth approximately $180,000. Aquatic Capital Management LLC lifted its position in shares of AMERISAFE by 336.1% during the 4th quarter. Aquatic Capital Management LLC now owns 3,925 shares of the insurance provider’s stock worth $202,000 after buying an additional 3,025 shares during the period. Versor Investments LP bought a new stake in AMERISAFE in the fourth quarter valued at $205,000. Finally, Corient Private Wealth LLC bought a new stake in AMERISAFE during the 4th quarter worth approximately $207,000. 97.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market outperform” rating and issued a $65.00 price target on shares of AMERISAFE in a report on Wednesday, April 30th.

AMERISAFE Stock Performance

AMERISAFE stock opened at $47.95 on Friday. AMERISAFE, Inc. has a 52 week low of $41.97 and a 52 week high of $60.24. The stock has a market capitalization of $913.45 million, a P/E ratio of 14.98 and a beta of 0.41. The stock has a 50-day simple moving average of $49.49 and a 200 day simple moving average of $51.73.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The firm had revenue of $83.78 million for the quarter, compared to analysts’ expectations of $76.66 million. Research analysts forecast that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 13th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, June 13th. AMERISAFE’s payout ratio is 62.90%.

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.