Amerisafe, Inc. (AMSF) Shares Bought by Sei Investments Co.

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Sei Investments Co. lifted its position in shares of Amerisafe, Inc. (NASDAQ:AMSF) by 28.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,253 shares of the insurance provider’s stock after purchasing an additional 6,009 shares during the quarter. Sei Investments Co. owned approximately 0.14% of Amerisafe worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Amerisafe by 1.9% during the 1st quarter. BlackRock Inc. now owns 2,418,404 shares of the insurance provider’s stock worth $133,616,000 after purchasing an additional 46,079 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Amerisafe by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 979,853 shares of the insurance provider’s stock worth $54,137,000 after purchasing an additional 31,812 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Amerisafe by 25.0% during the 1st quarter. Victory Capital Management Inc. now owns 945,825 shares of the insurance provider’s stock worth $52,257,000 after purchasing an additional 189,010 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Amerisafe by 3.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 615,865 shares of the insurance provider’s stock worth $37,937,000 after purchasing an additional 22,694 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Amerisafe by 0.7% during the 1st quarter. Northern Trust Corp now owns 545,116 shares of the insurance provider’s stock worth $30,118,000 after purchasing an additional 3,587 shares in the last quarter.

Amerisafe stock opened at $59.45 on Wednesday. The company has a market cap of $1.15 billion, a P/E ratio of 19.30 and a beta of 0.83. Amerisafe, Inc. has a one year low of $51.30 and a one year high of $67.82.

Amerisafe (NASDAQ:AMSF) last posted its earnings results on Wednesday, April 25th. The insurance provider reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.09. The business had revenue of $94.60 million during the quarter, compared to the consensus estimate of $92.52 million. Amerisafe had a return on equity of 13.55% and a net margin of 13.14%. analysts forecast that Amerisafe, Inc. will post 3.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Investors of record on Friday, June 8th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, June 7th. This represents a $0.88 annualized dividend and a dividend yield of 1.48%. Amerisafe’s dividend payout ratio (DPR) is presently 28.57%.

Several brokerages have recently weighed in on AMSF. BidaskClub raised Amerisafe from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. ValuEngine lowered Amerisafe from a “buy” rating to a “hold” rating in a report on Monday, June 11th. TheStreet raised Amerisafe from a “c+” rating to a “b” rating in a report on Thursday, April 26th. Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a report on Thursday, April 26th. Finally, Keefe, Bruyette & Woods began coverage on Amerisafe in a report on Thursday, April 5th. They set a “market perform” rating and a $54.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $62.67.

In related news, CEO G. Janelle Frost sold 685 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $60.10, for a total transaction of $41,168.50. Following the completion of the transaction, the chief executive officer now owns 61,911 shares in the company, valued at approximately $3,720,851.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Amerisafe (NASDAQ:AMSF)

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