Texas Permanent School Fund Purchases 241 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Texas Permanent School Fund lifted its position in shares of AMERISAFE, Inc. (NASDAQ:AMSFGet Rating) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 13,969 shares of the insurance provider’s stock after acquiring an additional 241 shares during the period. Texas Permanent School Fund’s holdings in AMERISAFE were worth $727,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Pinebridge Investments L.P. raised its position in AMERISAFE by 417.0% in the second quarter. Pinebridge Investments L.P. now owns 517 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 417 shares during the period. Assetmark Inc. raised its position in AMERISAFE by 378.3% in the second quarter. Assetmark Inc. now owns 550 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 435 shares during the period. Quadrant Capital Group LLC raised its position in AMERISAFE by 1,597.0% in the first quarter. Quadrant Capital Group LLC now owns 560 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 527 shares during the period. Advisor Group Holdings Inc. raised its position in AMERISAFE by 15.5% in the first quarter. Advisor Group Holdings Inc. now owns 2,060 shares of the insurance provider’s stock worth $4,188,000 after acquiring an additional 277 shares during the period. Finally, KBC Group NV raised its position in AMERISAFE by 98.1% in the first quarter. KBC Group NV now owns 2,254 shares of the insurance provider’s stock worth $112,000 after acquiring an additional 1,116 shares during the period. 98.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of AMERISAFE in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

AMERISAFE Stock Down 0.4 %

AMSF opened at $55.78 on Monday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 28.17 and a beta of 0.33. The firm has a 50-day moving average price of $51.18 and a 200-day moving average price of $49.77. AMERISAFE, Inc. has a twelve month low of $44.06 and a twelve month high of $60.49.

AMERISAFE Increases Dividend

The firm also recently announced a None dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be paid a $4.31 dividend. This is an increase from AMERISAFE’s previous None dividend of $4.00. The ex-dividend date of this dividend is Thursday, December 1st. This represents a dividend yield of 2.1%. AMERISAFE’s dividend payout ratio (DPR) is presently 62.63%.

AMERISAFE Profile

(Get Rating)

AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. The company's workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It serves small to mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.

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Institutional Ownership by Quarter for AMERISAFE (NASDAQ:AMSF)

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