Geode Capital Management LLC Raises Stock Position in AMERISAFE, Inc. (NASDAQ:AMSF)

Geode Capital Management LLC increased its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 536,836 shares of the insurance provider's stock after acquiring an additional 83,297 shares during the quarter. Geode Capital Management LLC owned approximately 2.82% of AMERISAFE worth $27,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of AMSF. State Street Corp increased its stake in AMERISAFE by 8.5% during the third quarter. State Street Corp now owns 811,561 shares of the insurance provider's stock worth $39,223,000 after acquiring an additional 63,638 shares during the last quarter. Barclays PLC increased its position in shares of AMERISAFE by 365.6% during the 3rd quarter. Barclays PLC now owns 33,219 shares of the insurance provider's stock worth $1,605,000 after purchasing an additional 26,084 shares during the last quarter. Jane Street Group LLC raised its holdings in AMERISAFE by 70.6% in the 3rd quarter. Jane Street Group LLC now owns 41,299 shares of the insurance provider's stock valued at $1,996,000 after buying an additional 17,084 shares during the period. Nisa Investment Advisors LLC lifted its position in AMERISAFE by 1,328.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,914 shares of the insurance provider's stock valued at $305,000 after buying an additional 5,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in AMERISAFE by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 661,795 shares of the insurance provider's stock worth $34,109,000 after buying an additional 21,799 shares during the period. Hedge funds and other institutional investors own 97.41% of the company's stock.

AMERISAFE Stock Performance

Shares of AMERISAFE stock traded down $0.21 on Wednesday, reaching $49.18. The company had a trading volume of 16,822 shares, compared to its average volume of 110,890. The firm has a market cap of $936.88 million, a PE ratio of 15.37 and a beta of 0.34. The firm's 50 day moving average price is $50.50 and its two-hundred day moving average price is $52.20. AMERISAFE, Inc. has a 52-week low of $41.97 and a 52-week high of $60.24.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The insurance provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. The business had revenue of $73.51 million during the quarter, compared to analyst estimates of $77.37 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. As a group, sell-side analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.17%. AMERISAFE's dividend payout ratio is presently 53.98%.

About AMERISAFE

AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.