Teacher Retirement System of Texas grew its stake in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 18.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 126,449 shares of the insurance provider's stock after buying an additional 20,078 shares during the quarter. Teacher Retirement System of Texas owned 0.66% of AMERISAFE worth $6,517,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of AMERISAFE by 63.4% in the 4th quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider's stock valued at $69,000 after purchasing an additional 521 shares in the last quarter. R Squared Ltd acquired a new stake in shares of AMERISAFE in the 4th quarter valued at about $99,000. Virtu Financial LLC purchased a new position in AMERISAFE during the 3rd quarter worth approximately $200,000. Versor Investments LP acquired a new position in AMERISAFE during the fourth quarter worth approximately $205,000. Finally, Corient Private Wealth LLC acquired a new position in AMERISAFE during the fourth quarter worth approximately $207,000. 97.41% of the stock is owned by institutional investors and hedge funds.
AMERISAFE Price Performance
Shares of AMSF stock traded up $0.47 during trading hours on Thursday, hitting $52.98. The stock had a trading volume of 85,932 shares, compared to its average volume of 105,698. The stock's 50 day moving average is $50.63 and its 200 day moving average is $51.99. The firm has a market capitalization of $1.01 billion, a PE ratio of 16.56 and a beta of 0.33. 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 data on Wednesday, February 26th. The insurance provider reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.07. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. The company had revenue of $73.51 million for the quarter, compared to analyst estimates of $77.37 million. As a group, equities analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.
AMERISAFE Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.39 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 2.94%. AMERISAFE's dividend payout ratio (DPR) is currently 53.98%.
AMERISAFE Company Profile
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Free Report)
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.
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