Citadel Advisors LLC reduced its stake in Amerisafe, Inc. (NASDAQ:AMSF) by 14.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,749 shares of the insurance provider’s stock after selling 8,711 shares during the period. Citadel Advisors LLC owned 0.27% of Amerisafe worth $3,046,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. boosted its stake in Amerisafe by 1.9% in the first quarter. BlackRock Inc. now owns 2,418,404 shares of the insurance provider’s stock valued at $133,616,000 after acquiring an additional 46,079 shares during the period. Victory Capital Management Inc. boosted its stake in Amerisafe by 18.5% in the second quarter. Victory Capital Management Inc. now owns 1,120,892 shares of the insurance provider’s stock valued at $64,732,000 after acquiring an additional 175,067 shares during the period. Royal Bank of Canada boosted its stake in Amerisafe by 1.4% in the first quarter. Royal Bank of Canada now owns 1,065,782 shares of the insurance provider’s stock valued at $58,884,000 after acquiring an additional 15,112 shares during the period. Dimensional Fund Advisors LP boosted its stake in Amerisafe by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 979,853 shares of the insurance provider’s stock valued at $54,137,000 after acquiring an additional 31,812 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Amerisafe by 0.7% during the first quarter. Northern Trust Corp now owns 545,116 shares of the insurance provider’s stock worth $30,118,000 after buying an additional 3,587 shares during the period.
In other news, Director Randy Roach sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $63.50, for a total transaction of $50,800.00. Following the completion of the transaction, the director now directly owns 8,422 shares in the company, valued at $534,797. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.80% of the company’s stock.
Several equities analysts have recently issued reports on AMSF shares. BidaskClub upgraded Amerisafe from a “sell” rating to a “hold” rating in a research report on Saturday, June 16th. ValuEngine downgraded Amerisafe from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Keefe, Bruyette & Woods set a $61.00 price objective on Amerisafe and gave the stock a “hold” rating in a research report on Thursday, August 2nd. Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a research report on Thursday, August 2nd. Finally, JMP Securities boosted their price objective on Amerisafe from $65.00 to $67.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $65.50.
Shares of NASDAQ AMSF opened at $63.80 on Thursday. The company has a market cap of $1.23 billion, a PE ratio of 19.10 and a beta of 0.72. Amerisafe, Inc. has a 12-month low of $51.55 and a 12-month high of $67.82.
Amerisafe (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.17. The business had revenue of $96.42 million during the quarter, compared to the consensus estimate of $93.11 million. Amerisafe had a return on equity of 14.28% and a net margin of 13.35%. research analysts anticipate that Amerisafe, Inc. will post 3.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 1.38%. Amerisafe’s dividend payout ratio is presently 28.57%.
AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.
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