State of Alaska Department of Revenue Buys 788 Shares of AMERISAFE, Inc. $AMSF

State of Alaska Department of Revenue lifted its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,338 shares of the insurance provider’s stock after purchasing an additional 788 shares during the period. State of Alaska Department of Revenue owned about 0.06% of AMERISAFE worth $495,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in shares of AMERISAFE in the 1st quarter worth approximately $509,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of AMERISAFE by 12.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,524 shares of the insurance provider’s stock worth $818,000 after purchasing an additional 1,731 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of AMERISAFE by 45.5% in the 1st quarter. Russell Investments Group Ltd. now owns 69,169 shares of the insurance provider’s stock worth $3,635,000 after purchasing an additional 21,628 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of AMERISAFE by 9.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 723,562 shares of the insurance provider’s stock worth $38,023,000 after purchasing an additional 61,767 shares during the period. Finally, GAMMA Investing LLC increased its holdings in AMERISAFE by 19.1% in 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 in the last quarter. Institutional investors own 97.41% of the company’s stock.

AMERISAFE Stock Down 0.4%

Shares of AMSF opened at $41.93 on Thursday. The company has a market cap of $796.25 million, a PE ratio of 15.88 and a beta of 0.32. The business has a fifty day moving average of $44.76 and a 200 day moving average of $46.14. AMERISAFE, Inc. has a 52-week low of $41.72 and a 52-week high of $60.24.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). AMERISAFE had a return on equity of 16.54% and a net margin of 16.46%.The company had revenue of $79.70 million during the quarter, compared to the consensus estimate of $77.30 million. As a group, research analysts anticipate that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, September 12th. AMERISAFE’s payout ratio is currently 59.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AMSF shares. Weiss Ratings reissued a “hold (c)” rating on shares of AMERISAFE in a report on Wednesday. Truist Financial cut their price objective on shares of AMERISAFE from $54.00 to $50.00 and set a “hold” rating for the company in a report on Monday, July 28th. Finally, Wall Street Zen raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $57.50.

Insider Buying and Selling at AMERISAFE

In related news, CFO Anastasios Omiridis sold 1,343 shares of AMERISAFE stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $44.75, for a total value of $60,099.25. Following the completion of the sale, the chief financial officer directly owned 2,253 shares in the company, valued at $100,821.75. The trade was a 37.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.61% of the stock is owned by insiders.

About AMERISAFE

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.