Dana Investment Advisors Inc. Sells 4,943 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Dana Investment Advisors Inc. decreased its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,668 shares of the insurance provider's stock after selling 4,943 shares during the period. Dana Investment Advisors Inc. owned about 0.44% of AMERISAFE worth $4,364,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of AMERISAFE by 3.4% during the 4th 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. Versor Investments LP acquired a new position in AMERISAFE during the fourth quarter worth $205,000. Illinois Municipal Retirement Fund lifted its holdings in shares of AMERISAFE by 4.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,904 shares of the insurance provider's stock valued at $562,000 after acquiring an additional 428 shares during the period. New York State Common Retirement Fund boosted its stake in shares of AMERISAFE by 3.1% in the 4th quarter. New York State Common Retirement Fund now owns 94,556 shares of the insurance provider's stock valued at $4,873,000 after purchasing an additional 2,802 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of AMERISAFE by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 92,636 shares of the insurance provider's stock worth $4,774,000 after purchasing an additional 2,619 shares during the last quarter. 97.41% of the stock is owned by institutional investors and hedge funds.

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AMERISAFE Trading Down 0.2 %

AMSF stock traded down $0.12 during trading on Monday, hitting $49.79. 89,878 shares of the stock traded hands, compared to its average volume of 111,794. The stock has a market cap of $948.50 million, a price-to-earnings ratio of 15.56 and a beta of 0.33. AMERISAFE, Inc. has a one year low of $41.97 and a one year high of $60.24. The company has a 50 day simple moving average of $50.45 and a 200 day simple moving average of $51.83.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The insurance provider reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.07. The company had revenue of $73.51 million for 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, analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.13%. 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.