Bank of New York Mellon Corp Sells 85,353 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Bank of New York Mellon Corp cut its holdings in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 31.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 189,140 shares of the insurance provider's stock after selling 85,353 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.99% of AMERISAFE worth $9,748,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMSF. BNP Paribas Financial Markets boosted its holdings in AMERISAFE by 6.9% in the third quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider's stock valued at $284,000 after acquiring an additional 381 shares during the last quarter. Values First Advisors Inc. boosted its holdings in AMERISAFE by 8.2% in the fourth quarter. Values First Advisors Inc. now owns 5,350 shares of the insurance provider's stock valued at $276,000 after acquiring an additional 404 shares during the last quarter. GAMMA Investing LLC boosted its holdings in AMERISAFE by 63.4% in the fourth quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider's stock valued at $69,000 after acquiring an additional 521 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in AMERISAFE by 3.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 19,008 shares of the insurance provider's stock valued at $919,000 after acquiring an additional 645 shares during the last quarter. Finally, Foundry Partners LLC boosted its holdings in AMERISAFE by 1.0% in the third quarter. Foundry Partners LLC now owns 70,160 shares of the insurance provider's stock valued at $3,391,000 after acquiring an additional 670 shares during the last quarter. 97.41% of the stock is currently owned by institutional investors and hedge funds.

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AMERISAFE Trading Down 0.3 %

AMERISAFE stock traded down $0.14 during mid-day trading on Tuesday, hitting $51.42. The stock had a trading volume of 87,553 shares, compared to its average volume of 106,789. AMERISAFE, Inc. has a 12 month low of $41.97 and a 12 month high of $60.24. The stock has a market capitalization of $979.55 million, a PE ratio of 16.07 and a beta of 0.33. The stock has a 50-day simple moving average of $50.39 and a two-hundred day simple moving average of $51.89.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last issued its earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.07. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The firm had revenue of $73.51 million for the quarter, compared to analysts' expectations of $77.37 million. Sell-side analysts expect that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Friday, March 7th. AMERISAFE's dividend payout ratio (DPR) is currently 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.