Bank of New York Mellon Corp Trims Stock Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

Bank of New York Mellon Corp lowered its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 184,598 shares of the insurance provider’s stock after selling 4,542 shares during the period. Bank of New York Mellon Corp owned 0.97% of AMERISAFE worth $9,701,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in AMERISAFE in the 4th quarter worth about $43,000. GAMMA Investing LLC lifted its holdings in shares of AMERISAFE by 19.1% during the 1st quarter. GAMMA Investing LLC now owns 1,600 shares of the insurance provider’s stock worth $84,000 after acquiring an additional 257 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of AMERISAFE in the fourth quarter worth approximately $180,000. Aquatic Capital Management LLC grew its holdings in AMERISAFE by 336.1% in the fourth quarter. Aquatic Capital Management LLC now owns 3,925 shares of the insurance provider’s stock valued at $202,000 after purchasing an additional 3,025 shares during the period. Finally, Corient Private Wealth LLC acquired a new position in AMERISAFE during the fourth quarter worth approximately $207,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.

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

Shares of AMSF opened at $44.09 on Tuesday. The firm has a fifty day moving average of $45.26 and a 200-day moving average of $48.38. The company has a market cap of $839.91 million, a price-to-earnings ratio of 17.78 and a beta of 0.40. AMERISAFE, Inc. has a 1 year low of $42.48 and a 1 year high of $60.24.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. AMERISAFE had a return on equity of 16.41% and a net margin of 15.76%. The business had revenue of $83.78 million during the quarter, compared to the consensus estimate of $76.66 million. Analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 13th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.54%. AMERISAFE’s dividend payout ratio is presently 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.