Amerisafe, Inc. (AMSF) Stake Decreased by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in shares of Amerisafe, Inc. (NASDAQ:AMSF) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,252 shares of the insurance provider’s stock after selling 5,633 shares during the period. Wells Fargo & Company MN owned 0.46% of Amerisafe worth $5,498,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Keybank National Association OH acquired a new position in shares of Amerisafe during the fourth quarter valued at approximately $1,007,000. Swiss National Bank increased its stake in shares of Amerisafe by 3.8% during the fourth quarter. Swiss National Bank now owns 32,800 shares of the insurance provider’s stock valued at $2,020,000 after acquiring an additional 1,200 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Amerisafe during the fourth quarter valued at approximately $411,000. American Century Companies Inc. increased its stake in shares of Amerisafe by 5.7% during the fourth quarter. American Century Companies Inc. now owns 390,879 shares of the insurance provider’s stock valued at $24,078,000 after acquiring an additional 21,019 shares during the period. Finally, Aperio Group LLC increased its stake in shares of Amerisafe by 16.7% during the fourth quarter. Aperio Group LLC now owns 8,980 shares of the insurance provider’s stock valued at $553,000 after acquiring an additional 1,288 shares during the period. 99.52% of the stock is currently owned by institutional investors.

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Amerisafe stock opened at $55.25 on Friday. The company has a market capitalization of $1,063.34, a price-to-earnings ratio of 17.94 and a beta of 0.86. Amerisafe, Inc. has a 1 year low of $51.20 and a 1 year high of $67.82.

Amerisafe (NASDAQ:AMSF) last posted its quarterly earnings results on Monday, February 26th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.13). The business had revenue of $94.94 million during the quarter, compared to analyst estimates of $92.71 million. Amerisafe had a return on equity of 12.69% and a net margin of 12.32%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 EPS. equities analysts forecast that Amerisafe, Inc. will post 3.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were given a $0.22 dividend. This is a positive change from Amerisafe’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.88 annualized dividend and a yield of 1.59%. Amerisafe’s payout ratio is 28.57%.

A number of research firms recently commented on AMSF. Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a research note on Tuesday, February 27th. Zacks Investment Research lowered shares of Amerisafe from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 6th. ValuEngine upgraded shares of Amerisafe from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. TheStreet lowered shares of Amerisafe from a “b” rating to a “c+” rating in a research note on Thursday, March 22nd. Finally, BidaskClub lowered shares of Amerisafe from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Amerisafe presently has an average rating of “Hold” and an average price target of $66.00.

In other Amerisafe news, CEO G. Janelle Frost sold 7,500 shares of Amerisafe stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $55.53, for a total value of $416,475.00. Following the transaction, the chief executive officer now owns 69,322 shares in the company, valued at $3,849,450.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Vincent J. Gagliano sold 820 shares of Amerisafe stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $55.22, for a total transaction of $45,280.40. Following the completion of the transaction, the executive vice president now owns 16,680 shares in the company, valued at approximately $921,069.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,432 shares of company stock worth $578,872. 2.20% of the stock is currently owned by company insiders.

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About Amerisafe

AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.

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Institutional Ownership by Quarter for Amerisafe (NASDAQ:AMSF)

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