AMERISAFE, Inc. (NASDAQ:AMSF) CFO Sells $170,306.50 in Stock

AMERISAFE, Inc. (NASDAQ:AMSF) CFO Anastasios Omiridis sold 3,325 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $51.22, for a total value of $170,306.50. Following the completion of the transaction, the chief financial officer now owns 1,520 shares of the company’s stock, valued at $77,854.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

AMERISAFE Trading Up 0.8 %

NASDAQ:AMSF traded up $0.39 during midday trading on Monday, hitting $51.55. 60,243 shares of the company traded hands, compared to its average volume of 83,415. The firm’s fifty day moving average is $52.91 and its 200-day moving average is $52.71. AMERISAFE, Inc. has a 12-month low of $44.95 and a 12-month high of $60.49. The firm has a market capitalization of $988.73 million, a P/E ratio of 15.20 and a beta of 0.33.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.04. AMERISAFE had a return on equity of 17.66% and a net margin of 21.33%. The company had revenue of $73.54 million for the quarter, compared to analyst estimates of $75.34 million. On average, research analysts expect that AMERISAFE, Inc. will post 2.88 EPS for the current fiscal year.

AMERISAFE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.36 annualized dividend and a yield of 2.64%. AMERISAFE’s payout ratio is presently 40.24%.

Analysts Set New Price Targets

AMSF has been the topic of several recent research reports. TheStreet raised AMERISAFE from a “c” rating to a “b-” rating in a report on Thursday, July 27th. StockNews.com started coverage on AMERISAFE in a report on Thursday, August 17th. They set a “hold” rating on the stock.

Institutional Trading of AMERISAFE

Several hedge funds and other institutional investors have recently bought and sold shares of AMSF. Teachers Retirement System of The State of Kentucky grew its position in AMERISAFE by 1.2% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 28,117 shares of the insurance provider’s stock valued at $1,499,000 after acquiring an additional 338 shares during the last quarter. Nuveen Asset Management LLC grew its position in AMERISAFE by 1.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 82,296 shares of the insurance provider’s stock valued at $4,388,000 after acquiring an additional 1,173 shares during the last quarter. Wells Fargo & Company MN grew its position in AMERISAFE by 7.7% in the 2nd quarter. Wells Fargo & Company MN now owns 36,292 shares of the insurance provider’s stock valued at $1,935,000 after acquiring an additional 2,589 shares during the last quarter. XTX Topco Ltd bought a new position in AMERISAFE in the 2nd quarter valued at $201,000. Finally, Point72 Middle East FZE bought a new position in AMERISAFE in the 2nd quarter valued at $170,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

AMERISAFE Company Profile

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.