AMERISAFE, Inc. $AMSF Shares Bought by Creative Planning

Creative Planning boosted its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 96.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,673 shares of the insurance provider’s stock after buying an additional 19,527 shares during the quarter. Creative Planning owned 0.21% of AMERISAFE worth $1,735,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AMSF. Signaturefd LLC raised its position in shares of AMERISAFE by 170.5% during the second quarter. Signaturefd LLC now owns 779 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 491 shares during the period. PNC Financial Services Group Inc. increased its position in shares of AMERISAFE by 301.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,554 shares of the insurance provider’s stock worth $82,000 after acquiring an additional 1,167 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of AMERISAFE in the 2nd quarter valued at approximately $113,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in AMERISAFE by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,888 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 332 shares in the last quarter. Finally, R Squared Ltd lifted its holdings in shares of AMERISAFE by 144.2% in the first quarter. R Squared Ltd now owns 4,696 shares of the insurance provider’s stock valued at $247,000 after purchasing an additional 2,773 shares in the last quarter. 97.41% of the stock is owned by institutional investors.

AMERISAFE Price Performance

Shares of AMSF opened at $40.91 on Thursday. The stock’s 50-day moving average price is $41.63 and its 200 day moving average price is $44.00. AMERISAFE, Inc. has a 12-month low of $39.09 and a 12-month high of $59.51. The firm has a market capitalization of $774.18 million, a price-to-earnings ratio of 15.67 and a beta of 0.33.

AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Wednesday, October 29th. The insurance provider reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $71.29 million during the quarter, compared to analysts’ expectations of $78.29 million. AMERISAFE had a return on equity of 17.16% and a net margin of 16.12%. Equities research analysts expect that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, December 5th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a dividend yield of 394.0%. AMERISAFE’s dividend payout ratio (DPR) is presently 59.77%.

Insider Activity at AMERISAFE

In other AMERISAFE news, CFO Anastasios Omiridis sold 1,247 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $40.21, for a total value of $50,141.87. Following the transaction, the chief financial officer directly owned 2,539 shares in the company, valued at $102,093.19. The trade was a 32.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AMSF shares. Wall Street Zen downgraded AMERISAFE from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Citigroup reaffirmed a “market outperform” rating on shares of AMERISAFE in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c-)” rating on shares of AMERISAFE in a report on Monday. Finally, JMP Securities cut their target price on AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, AMERISAFE presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

AMERISAFE 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.