Allspring Global Investments Holdings LLC Raises Position in AMERISAFE, Inc. (NASDAQ:AMSF)

Allspring Global Investments Holdings LLC raised its position in AMERISAFE, Inc. (NASDAQ:AMSFGet Rating) by 1,063.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,677 shares of the insurance provider’s stock after acquiring an additional 22,556 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in AMERISAFE were worth $1,153,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Raymond James & Associates boosted its stake in AMERISAFE by 0.7% during the third quarter. Raymond James & Associates now owns 41,164 shares of the insurance provider’s stock worth $1,924,000 after acquiring an additional 277 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of AMERISAFE in the third quarter worth approximately $617,000. Granite Investment Partners LLC lifted its stake in shares of AMERISAFE by 1.6% in the third quarter. Granite Investment Partners LLC now owns 143,700 shares of the insurance provider’s stock worth $6,715,000 after buying an additional 2,213 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of AMERISAFE in the third quarter worth approximately $430,000. Finally, South Shore Capital Advisors lifted its stake in shares of AMERISAFE by 8.8% in the third quarter. South Shore Capital Advisors now owns 9,835 shares of the insurance provider’s stock worth $460,000 after buying an additional 798 shares in the last quarter. Hedge funds and other institutional investors own 97.54% of the company’s stock.

AMERISAFE Stock Up 0.9 %

AMSF opened at $52.13 on Friday. The firm has a 50 day moving average price of $53.12 and a 200-day moving average price of $50.76. AMERISAFE, Inc. has a twelve month low of $44.06 and a twelve month high of $60.49. The stock has a market capitalization of $998.60 million, a price-to-earnings ratio of 26.33 and a beta of 0.34.

AMERISAFE (NASDAQ:AMSFGet Rating) last announced its earnings results on Wednesday, October 26th. The insurance provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.15. AMERISAFE had a net margin of 13.08% and a return on equity of 11.12%. The business had revenue of $74.88 million during the quarter, compared to analysts’ expectations of $72.33 million. As a group, analysts expect that AMERISAFE, Inc. will post 2.88 earnings per share for the current year.

AMERISAFE Increases Dividend

The company also recently disclosed a None dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, December 2nd were paid a $4.31 dividend. The ex-dividend date was Thursday, December 1st. This is a boost from AMERISAFE’s previous None dividend of $4.00. This represents a dividend yield of 2.1%. AMERISAFE’s dividend payout ratio is 62.63%.

Wall Street Analyst Weigh In

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

About AMERISAFE

(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.

Further Reading

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Institutional Ownership by Quarter for AMERISAFE (NASDAQ:AMSF)

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