Vanguard Group Inc. Boosts Stock Position in AMERISAFE, Inc. (NASDAQ:AMSF)

Vanguard Group Inc. raised its holdings in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,393,807 shares of the insurance provider's stock after purchasing an additional 50,441 shares during the quarter. Vanguard Group Inc. owned 7.32% of AMERISAFE worth $71,837,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. State Street Corp lifted its holdings in AMERISAFE by 8.5% in the third 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 period. Charles Schwab Investment Management Inc. lifted its stake 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 during the period. Geode Capital Management LLC boosted its holdings in AMERISAFE by 1.4% during the third quarter. Geode Capital Management LLC now owns 453,539 shares of the insurance provider's stock worth $21,924,000 after buying an additional 6,166 shares in the last quarter. Royce & Associates LP purchased a new stake in AMERISAFE during the fourth quarter worth about $15,738,000. Finally, Raymond James Financial Inc. acquired a new position in AMERISAFE during the fourth quarter worth about $9,708,000. 97.41% of the stock is owned by hedge funds and other institutional investors.

AMERISAFE Price Performance

Shares of AMSF stock traded up $0.25 during midday trading on Tuesday, reaching $49.41. 27,507 shares of the company traded hands, compared to its average volume of 111,527. The firm's 50 day simple moving average is $50.58 and its two-hundred day simple moving average is $52.20. The firm has a market cap of $941.26 million, a PE ratio of 15.44 and a beta of 0.34. AMERISAFE, Inc. has a 1-year low of $41.97 and a 1-year high of $60.24.

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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, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $77.37 million. As a group, research analysts anticipate that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Cuts Dividend

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