Institutional investors own 99.73% of the company's stock. As of the end of the quarter Cortina Asset Management, LLC had acquired a total of 116,686 shares growing its position 59.5%. State Street Corp boosted its position in AMERISAFE by 7.4% in the fourth quarter. Principal Financial Group Inc. now owns 162,215 shares of the insurance provider's stock valued at $10,527,000 after buying an additional 4,444 shares during the last quarter. Arizona State Retirement System increased its position in AMERISAFE by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 2,120 shares of the insurance provider's stock valued at $137,000 after buying an additional 40 shares in the last quarter. Boston Partners boosted its stake in shares of AMERISAFE by 2.2% in the first quarter. The institutional investor owned 176,470 shares of the insurance provider's stock after buying an additional 4,286 shares during the period. Finally, WBI Investments Inc. boosted its stake in AMERISAFE by 46.1% in the first quarter. Suntrust Banks Inc. now owns 4,225 shares of the insurance provider's stock worth $273,000 after buying an additional 168 shares during the period. AMERISAFE, Inc. has a 1-year low of $51.20 and a 1-year high of $69.40. (NASDAQ AMSF) traded down 1.22% during midday trading on Friday, reaching $56.55. The company's stock had a trading volume of 32,637 shares.
The company is now up from yesterday's close of $57.05. The company's 50-day moving average price is $56.70 and its 200 day moving average price is $59.55. The value in dollars went from $3,628,000 to $2,870,000 a change of 20.9% since the last quarter. Next quarter's EPS is forecasted to be $0.83 and the next full year EPS is anticipated to be $3.06. The business had revenue of $89.93 million during the quarter, compared to analyst estimates of $92.33 million. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. During the same quarter a year ago, the company earned $0.85 earnings per share. During the same period previous year, the business posted $0.85 EPS. On average, equities research analysts expect that AMERISAFE will post $3.13 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.41%. AMERISAFE's payout ratio is presently 23.32%.
COPYRIGHT VIOLATION WARNING: This article was first published by BBNS and is owned by of BBNS. If you are viewing this piece on another site, it was illegally copied and reposted in violation of US & global trademark & copyright legislation. The original version of this news story can be accessed at https://www.com-unik.info/2017/08/12/alliancebernstein-l-p-sells-1300-shares-of-amerisafe-inc-nasdaqamsf-updated-updated-updated.html. FBR & Co restated an "outperform" rating and set a $64.00 target price (down from $71.00) on shares of AMERISAFE in a research report on Wednesday, May 10th. Zacks Investment Research raised AMERISAFE from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 11th. Finally, BidaskClub raised shares of AMERISAFE from a "hold" rating to a "buy" rating in a research note on Thursday, June 15th.
In other AMERISAFE news, Director Philip A. Garcia purchased 1,554 shares of the firm's stock in a transaction that occurred on Wednesday, May 31st. The total value of its holdings increased 37.3%. Following the transaction, the director now directly owns 8,399 shares of the company's stock, valued at $477,903.10. The stock was purchased at an average cost of $50.82 per share, for a total transaction of $127,050.00. Following the completion of the purchase, the director now directly owns 12,390 shares in the company, valued at approximately $629,659.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 6,054 shares of company stock valued at $311,443. Insiders own 2.20% of the company's stock.
Cuts Position in AMERISAFE, Inc. The Company is involved in providing workers' compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture.