Swiss National Bank Continues to Hold Position in AMERISAFE, Inc. (AMSF)
Swiss National Bank continued to hold its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,600 shares of the insurance provider’s stock at the close of the second quarter. Swiss National Bank owned about 0.16% of AMERISAFE worth $1,800,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in shares of AMERISAFE in the 1st quarter worth approximately $106,000. US Bancorp DE raised its position in shares of AMERISAFE by 8.8% in the 1st quarter. US Bancorp DE now owns 2,510 shares of the insurance provider’s stock worth $162,000 after acquiring an additional 202 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of AMERISAFE in the 1st quarter worth approximately $208,000. State of Alaska Department of Revenue raised its position in shares of AMERISAFE by 79.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,799 shares of the insurance provider’s stock worth $216,000 after acquiring an additional 1,679 shares in the last quarter. Finally, Oxford Asset Management bought a new position in shares of AMERISAFE in the 1st quarter worth approximately $264,000. 99.51% of the stock is owned by hedge funds and other institutional investors.
AMERISAFE, Inc. (AMSF) opened at 59.65 on Friday. The stock has a 50 day moving average price of $55.93 and a 200 day moving average price of $57.13. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 17.39 and a beta of 0.88. AMERISAFE, Inc. has a 12 month low of $51.20 and a 12 month high of $69.40.
AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $89.93 million during the quarter, compared to the consensus estimate of $92.33 million. AMERISAFE had a net margin of 17.17% and a return on equity of 14.04%. AMERISAFE’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Analysts anticipate that AMERISAFE, Inc. will post $3.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, September 7th. AMERISAFE’s dividend payout ratio is currently 23.32%.
Several research analysts have recently issued reports on AMSF shares. BidaskClub raised AMERISAFE from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research raised AMERISAFE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Boenning Scattergood started coverage on AMERISAFE in a research report on Monday, September 25th. They issued a “neutral” rating for the company.
In other AMERISAFE news, CFO Neal Andrew Fuller sold 1,850 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $56.94, for a total value of $105,339.00. Following the sale, the chief financial officer now directly owns 23,210 shares of the company’s stock, valued at $1,321,577.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Randy Roach sold 500 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $56.90, for a total transaction of $28,450.00. Following the completion of the sale, the director now directly owns 8,399 shares in the company, valued at $477,903.10. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
AMERISAFE Company Profile
Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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