Comerica Bank decreased its holdings in Amerisafe, Inc. (NASDAQ:AMSF) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,069 shares of the insurance provider’s stock after selling 805 shares during the quarter. Comerica Bank owned 0.10% of Amerisafe worth $1,274,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in shares of Amerisafe in the second quarter valued at approximately $192,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Amerisafe in the second quarter valued at approximately $235,000. Engineers Gate Manager LP purchased a new position in shares of Amerisafe in the second quarter valued at approximately $403,000. Segall Bryant & Hamill LLC purchased a new position in shares of Amerisafe in the second quarter valued at approximately $548,000. Finally, SG Americas Securities LLC boosted its stake in shares of Amerisafe by 101.5% in the second quarter. SG Americas Securities LLC now owns 9,930 shares of the insurance provider’s stock valued at $573,000 after purchasing an additional 5,003 shares during the period.
Several research firms have recently commented on AMSF. BidaskClub lowered shares of Amerisafe from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Zacks Investment Research raised shares of Amerisafe from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Wednesday, October 10th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Amerisafe in a report on Thursday, October 25th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $66.33.
Shares of NASDAQ:AMSF opened at $63.12 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 20.19 and a beta of 0.47. Amerisafe, Inc. has a fifty-two week low of $52.00 and a fifty-two week high of $67.96.
Amerisafe (NASDAQ:AMSF) last issued its earnings results on Wednesday, October 24th. The insurance provider reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.26. The firm had revenue of $93.28 million for the quarter, compared to analysts’ expectations of $94.39 million. Amerisafe had a net margin of 14.15% and a return on equity of 15.21%. Equities analysts forecast that Amerisafe, Inc. will post 3.62 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.88 annualized dividend and a yield of 1.39%. Amerisafe’s dividend payout ratio (DPR) is 28.57%.
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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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