BidaskClub Lowers AMERISAFE, Inc

Judith Bessette
Agosto 13, 2017

Suntrust Banks Inc. raised its stake in shares of AMERISAFE by 4.1% in the first quarter. (NASDAQ:AMSF) by 52.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,313 shares of the insurance provider's stock after selling 1,300 shares during the period. Alliancebernstein L.P.'s holdings in AMERISAFE were worth $2,097,000 as of its most recent SEC filing.

Hedge funds have recently made changes to their positions in the company. Its stake stood at $53,616,000 a decrease of $7,363,000 as of quarter end. State of Alaska Department of Revenue raised its position in shares of AMERISAFE by 1.9% in the first quarter. US Bancorp DE now owns 2,510 shares of the insurance provider's stock worth $162,000 after buying an additional 202 shares during the period. The institutional investor owned 31,819 shares of the insurance provider's stock after buying an additional 93 shares during the period. As of the end of the quarter Cortina Asset Management, LLC had acquired a total of 116,686 shares growing its position 59.5%. Finally, Municipal Employees Retirement System of MI raised its position in shares of AMERISAFE by 4.1% in the second quarter. Municipal Employees Retirement System of MI now owns 4,540 shares of the insurance provider's stock valued at $259,000 after buying an additional 180 shares in the last quarter.

Shares of AMERISAFE (NASDAQ AMSF) traded down 1.22% during midday trading on Friday, reaching $56.55.

The company now has a P/E ratio of 16.49 and market cap is 1.08B. The company's 50-day moving average price is $56.70 and its 200 day moving average price is $59.55.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.77 by $0.05. The company had revenue of $89.93 million during the quarter, compared to the consensus estimate of $92.33 million. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. The company's revenue for the quarter was down 7.8% compared to the same quarter previous year. During the same quarter in the prior year, the firm posted $0.85 EPS. In the latest earnings report the EPS was $3.43 and is expected to be $3.13 for the current year with 19,162,000 shares now outstanding. AMERISAFE, Inc. recently declared a dividend which will be paid on Friday the 22nd of September 2017. Stockholders of record on Friday, September 8th will be issued a $0.20 dividend. The ex-dividend date will be on Wednesday June 7th, 2017. The dividend payment will be $0.200 per share for the quarter which is $0.80 annualized. AMERISAFE's payout ratio is presently 23.32%.

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AMSF has been the subject of several analyst reports. BidaskClub cut AMERISAFE from a "buy" rating to a "hold" rating in a research note on Wednesday, July 12th. Great West Life Assurance Co. Also, Director Philip A. Garcia bought 1,554 shares of the stock in a transaction on Wednesday, May 31st. The stock was bought at an average cost of $50.82 per share, with a total value of $127,050.00. The stock had a trading volume of 68,846 shares.

In other news, Director Jared A. Morris acquired 2,500 shares of AMERISAFE stock in a transaction on Tuesday, May 30th. Following the completion of the transaction, the director now directly owns 8,399 shares of the company's stock, valued at approximately $477,903.10. The disclosure for this sale can be found here. Following the transaction, the director now owns 12,390 shares of the company's stock, valued at approximately $629,659.80.

Amerisafe, Inc., launched on October 28, 1985, is an insurance holding company. The Company is engaged 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.

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