Raymond James Financial Inc. Invests $9.71 Million in AMERISAFE, Inc. (NASDAQ:AMSF)

Raymond James Financial Inc. purchased a new position in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 188,354 shares of the insurance provider's stock, valued at approximately $9,708,000. Raymond James Financial Inc. owned approximately 0.99% of AMERISAFE at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its stake in AMERISAFE by 8.5% in the 3rd quarter. State Street Corp now owns 811,561 shares of the insurance provider's stock valued at $39,223,000 after acquiring an additional 63,638 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of AMERISAFE by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 661,795 shares of the insurance provider's stock valued at $34,109,000 after purchasing an additional 21,799 shares in the last quarter. Geode Capital Management LLC grew its position in shares of AMERISAFE by 1.4% in the third quarter. Geode Capital Management LLC now owns 453,539 shares of the insurance provider's stock valued at $21,924,000 after purchasing an additional 6,166 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of AMERISAFE by 2.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 186,898 shares of the insurance provider's stock worth $9,033,000 after purchasing an additional 4,129 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of AMERISAFE by 3.1% during the 4th quarter. New York State Common Retirement Fund now owns 94,556 shares of the insurance provider's stock worth $4,873,000 after purchasing an additional 2,802 shares during the last quarter. Institutional investors and hedge funds own 97.41% of the company's stock.

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AMERISAFE Stock Performance

NASDAQ:AMSF remained flat at $52.02 during trading hours on Tuesday. The company's stock had a trading volume of 96,630 shares, compared to its average volume of 106,346. The firm's fifty day simple moving average is $50.60 and its 200-day simple moving average is $51.96. The stock has a market capitalization of $990.98 million, a PE ratio of 16.26 and a beta of 0.33. 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 issued its quarterly earnings data on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. The business had revenue of $73.51 million for the quarter, compared to the consensus estimate 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 company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid 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 3.00%. AMERISAFE's dividend payout ratio is currently 53.98%.

AMERISAFE Company 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.