Intech Investment Management LLC Acquires 3,806 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Intech Investment Management LLC increased its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 25.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 18,973 shares of the insurance provider’s stock after buying an additional 3,806 shares during the quarter. Intech Investment Management LLC’s holdings in AMERISAFE were worth $978,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Isthmus Partners LLC lifted its stake in shares of AMERISAFE by 0.5% during the 4th quarter. Isthmus Partners LLC now owns 63,926 shares of the insurance provider’s stock worth $3,295,000 after acquiring an additional 316 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of AMERISAFE by 6.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock worth $284,000 after acquiring an additional 381 shares during the last quarter. Values First Advisors Inc. raised its position in AMERISAFE by 8.2% during the 4th quarter. Values First Advisors Inc. now owns 5,350 shares of the insurance provider’s stock valued at $276,000 after purchasing an additional 404 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in AMERISAFE by 4.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 10,904 shares of the insurance provider’s stock valued at $562,000 after purchasing an additional 428 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in AMERISAFE by 63.4% during 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. 97.41% of the stock is owned by institutional investors.

AMERISAFE Stock Up 0.4 %

Shares of NASDAQ AMSF opened at $51.72 on Friday. The business has a fifty day simple moving average of $50.56 and a two-hundred day simple moving average of $51.91. The firm has a market cap of $985.27 million, a PE ratio of 16.16 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) last issued its earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. The business had revenue of $73.51 million during the quarter, compared to analyst estimates of $77.37 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. On average, research analysts expect that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Friday, March 7th. AMERISAFE’s dividend payout ratio (DPR) is presently 53.98%.

About AMERISAFE

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.