AMERISAFE, Inc. (NASDAQ:AMSF) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 132.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,642 shares of the insurance provider's stock after buying an additional 45,916 shares during the period. JPMorgan Chase & Co. owned 0.42% of AMERISAFE worth $4,156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. WINTON GROUP Ltd increased its holdings in shares of AMERISAFE by 3.3% during the fourth quarter. WINTON GROUP Ltd now owns 21,859 shares of the insurance provider's stock valued at $1,127,000 after acquiring an additional 690 shares in the last quarter. Vanguard Group Inc. boosted its stake in AMERISAFE by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 1,393,807 shares of the insurance provider's stock worth $71,837,000 after purchasing an additional 50,441 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in AMERISAFE during the 4th quarter valued at approximately $180,000. American Century Companies Inc. lifted its stake in AMERISAFE by 5.1% during the 4th quarter. American Century Companies Inc. now owns 76,077 shares of the insurance provider's stock valued at $3,921,000 after acquiring an additional 3,683 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of AMERISAFE during the 4th quarter valued at about $210,000. 97.41% of the stock is owned by institutional investors.

AMERISAFE Price Performance

AMSF stock traded up $0.11 during trading on Thursday, hitting $49.36. The stock had a trading volume of 6,748 shares, compared to its average volume of 110,875. The stock has a market capitalization of $940.21 million, a P/E ratio of 15.38 and a beta of 0.34. The company's 50-day moving average price is $50.49 and its two-hundred day moving average price is $52.18. AMERISAFE, Inc. has a twelve month low of $41.97 and a twelve month high of $60.24.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last posted 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. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. The business had revenue of $73.51 million during the quarter, compared to the consensus estimate of $77.37 million. As a group, sell-side analysts expect that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.16%. The ex-dividend date was Friday, March 7th. AMERISAFE's payout ratio is 53.98%.

AMERISAFE Profile

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.