AMERISAFE (NASDAQ:AMSF) Reaches New 12-Month Low at $53.66

AMERISAFE, Inc. (NASDAQ:AMSF)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $53.66 and last traded at $53.66, with a volume of 58 shares. The stock had previously closed at $54.83.

The firm’s 50-day simple moving average is $57.02 and its 200 day simple moving average is $61.11. The stock has a market capitalization of $1.06 billion, a P/E ratio of 11.12 and a beta of 0.35.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Tuesday, July 27th. The insurance provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.73 by $0.31. AMERISAFE had a net margin of 28.28% and a return on equity of 17.63%. The firm had revenue of $76.69 million for the quarter, compared to analysts’ expectations of $78.04 million. Equities research analysts expect that AMERISAFE, Inc. will post 3.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday, September 10th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, September 9th. This represents a $1.16 annualized dividend and a yield of 2.13%. AMERISAFE’s payout ratio is presently 27.29%.

In other AMERISAFE news, Director Philip A. Garcia bought 2,228 shares of the stock in a transaction on Wednesday, August 25th. The shares were bought at an average price of $56.44 per share, with a total value of $125,748.32. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Philip A. Garcia bought 2,772 shares of the stock in a transaction on Thursday, August 19th. The shares were acquired at an average cost of $56.49 per share, for a total transaction of $156,590.28. Following the purchase, the director now owns 16,415 shares in the company, valued at $927,283.35. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in AMERISAFE by 5.6% during the 1st quarter. BlackRock Inc. now owns 3,195,957 shares of the insurance provider’s stock valued at $204,539,000 after acquiring an additional 168,191 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of AMERISAFE by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,257,889 shares of the insurance provider’s stock valued at $75,083,000 after buying an additional 23,646 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of AMERISAFE by 2.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,247,112 shares of the insurance provider’s stock valued at $74,440,000 after buying an additional 29,221 shares in the last quarter. Eaton Vance Management grew its stake in shares of AMERISAFE by 102.6% in the 1st quarter. Eaton Vance Management now owns 766,543 shares of the insurance provider’s stock valued at $49,059,000 after buying an additional 388,275 shares in the last quarter. Finally, State Street Corp grew its stake in shares of AMERISAFE by 4.8% in the 2nd quarter. State Street Corp now owns 660,507 shares of the insurance provider’s stock valued at $39,426,000 after buying an additional 30,195 shares in the last quarter. 96.83% of the stock is currently owned by institutional investors.

About AMERISAFE (NASDAQ:AMSF)

AMERISAFE, Inc is a holding company, which engages the provision of workers’ compensation insurance focused on small to mid-sized employers. It focuses on the businesses in construction, Marine, oil and gas, trucking, logging and lumber, manufacturing, and agriculture. The company was founded by Millard E.

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