JPMorgan Chase & Co. decreased its position in AMERISAFE, Inc. The value of the investment in (AMSF) increased from $4,249,000 to $4,260,000 a change of $11,000 quarter to quarter. Following the transaction, the director now owns 9,558 shares in the company, valued at $492,619.32. Alliancebernstein L.P.'s holdings in AMERISAFE were worth $2,097,000 at the end of the most recent quarter. Citadel Advisors LLC purchased a new position in shares of AMERISAFE during the first quarter valued at about $208,000. Neuberger Berman Group LLC now owns 1,017,462 shares of the insurance provider's stock worth $66,033,000 after buying an additional 204,890 shares during the period. WBI Investments Inc. increased its position in AMERISAFE by 46.1% in the first 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.
As of quarter end California Public Employees Retirement System had sold 5,500 shares trimming its position 9.8%. Louisiana State Employees Retirement System now owns 7,800 shares of the insurance provider's stock valued at $506,000 after buying an additional 100 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in AMERISAFE by 18.1% in the first quarter. Cortina Asset Management, LLC claims 312,772 shares valued at $17,812,000. Can boosted its stake in AMERISAFE by 8.4% in the first quarter. US Bancorp DE now owns 2,540 shares of the insurance provider's stock valued at $145,000 after buying an additional 30 shares in the last quarter.
AMERISAFE, Inc. has a one year low of $51.20 and a one year high of $69.40. (NASDAQ:AMSF) traded down 1.22% during mid-day trading on Friday, hitting $56.55. Following the completion of the purchase, the director now directly owns 12,390 shares of the company's stock, valued at approximately $629,659.80.
In the market the company is trading down from yesterday's close of $57.25.
It is now trading at $56.55 which is slightly below the 50 day moving average which is $56.68 and which is significantly lower than the 200 day moving average of $59.60.
AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings data 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 firm had revenue of $89.93 million during the quarter, compared to analysts' expectations of $92.33 million. During the same quarter previous year, the business posted $0.85 earnings per share. During the same period a year ago, the business posted $0.85 earnings per share. On average, equities research analysts anticipate that AMERISAFE, Inc. will post $3.13 EPS for the current year. 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 paid a $0.20 dividend. The ex-dividend date will be on Wednesday June 7th, 2017. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.40%. AMERISAFE's payout ratio is 23.32%.
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Legal & General Group Plc increased its position in shares of AMERISAFE, Inc.
AMSF has been the subject of a number of research analyst reports. FBR & Co restated an "outperform" rating and set a $64.00 target price (down previously from $71.00) on shares of AMERISAFE in a research report on Wednesday, May 10th. Zacks Investment Research cut AMERISAFE from a "hold" rating to a "strong sell" rating in a research note on Tuesday, May 2nd. Finally, BidaskClub lowered AMERISAFE from a "buy" rating to a "hold" rating in a research report on Wednesday, July 12th. The shares were sold at an average price of $56.90, for a total transaction of $28,450.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. The shares were acquired at an average cost of $52.15 per share, for a total transaction of $104,300.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 6,054 shares of company stock valued at $311,443.