California Public Employees Retirement System lowered its position in shares of Amerisafe Inc. (NASDAQ:AMSF) by 4.0% during the third quarter, Holdings Channel reports. The firm owned 79,500 shares of the company’s stock after selling 3,300 shares during the period. California Public Employees Retirement System owned approximately 0.42% of Amerisafe worth $4,673,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in AMSF. Smith Graham & Co. Investment Advisors LP boosted its stake in Amerisafe by 3.0% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 160,734 shares of the company’s stock worth $9,448,000 after buying an additional 4,650 shares during the period. Mason Street Advisors LLC purchased a new stake in Amerisafe during the second quarter worth about $230,000. Royal Bank of Canada boosted its stake in Amerisafe by 0.7% in the second quarter. Royal Bank of Canada now owns 1,193,645 shares of the company’s stock worth $73,074,000 after buying an additional 8,831 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Amerisafe by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 65,844 shares of the company’s stock worth $4,031,000 after buying an additional 1,083 shares during the period. Finally, American Century Companies Inc. boosted its stake in Amerisafe by 2.0% in the second quarter. American Century Companies Inc. now owns 80,203 shares of the company’s stock worth $4,910,000 after buying an additional 1,605 shares during the period. Institutional investors own 98.46% of the company’s stock.
Amerisafe Inc. (NASDAQ:AMSF) traded up 1.72% during midday trading on Friday, hitting $64.95. 41,408 shares of the company traded hands. Amerisafe Inc. has a 12-month low of $46.88 and a 12-month high of $65.05. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 15.22 and a beta of 0.60. The stock’s 50-day moving average price is $58.95 and its 200 day moving average price is $59.54.
Amerisafe (NASDAQ:AMSF) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. The business had revenue of $98.20 million for the quarter, compared to analysts’ expectations of $100.43 million. Amerisafe had a net margin of 20.47% and a return on equity of 16.76%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. On average, equities analysts forecast that Amerisafe Inc. will post $4.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.72 annualized dividend and a yield of 1.11%. Amerisafe’s dividend payout ratio is currently 16.82%.
A number of research firms have issued reports on AMSF. Zacks Investment Research cut shares of Amerisafe from a “buy” rating to a “hold” rating in a report on Thursday, October 20th. FBR & Co reiterated a “buy” rating on shares of Amerisafe in a research note on Friday, July 29th.
In other Amerisafe news, CFO Neal Andrew Fuller sold 1,200 shares of Amerisafe stock in a transaction on Friday, September 16th. The shares were sold at an average price of $57.30, for a total value of $68,760.00. Following the sale, the chief financial officer now directly owns 25,060 shares in the company, valued at approximately $1,435,938. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO G. Janelle Frost sold 15,432 shares of Amerisafe stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $59.01, for a total transaction of $910,642.32. Following the completion of the sale, the chief executive officer now owns 60,321 shares in the company, valued at $3,559,542.21. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
Amerisafe Company Profile
AMERISAFE, Inc (AMERISAFE) is an insurance holding company. The Company provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, manufacturing, agriculture, and oil and gas. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.