Dana Investment Advisors Inc. Buys 9,902 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Dana Investment Advisors Inc. grew its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 11.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,150 shares of the insurance provider’s stock after buying an additional 9,902 shares during the period. Dana Investment Advisors Inc. owned approximately 0.52% of AMERISAFE worth $4,396,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado grew its position in AMERISAFE by 4.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 301,819 shares of the insurance provider’s stock worth $14,119,000 after acquiring an additional 12,433 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of AMERISAFE by 18.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 678,321 shares of the insurance provider’s stock worth $31,732,000 after purchasing an additional 105,414 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of AMERISAFE by 26.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the insurance provider’s stock valued at $182,000 after purchasing an additional 828 shares during the last quarter. Diversified Trust Co lifted its position in AMERISAFE by 32.2% in the 1st quarter. Diversified Trust Co now owns 7,361 shares of the insurance provider’s stock worth $369,000 after buying an additional 1,792 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in AMERISAFE by 209.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,508 shares of the insurance provider’s stock worth $276,000 after buying an additional 3,730 shares in the last quarter. Institutional investors own 97.41% of the company’s stock.

AMERISAFE Price Performance

Shares of AMSF stock opened at $49.45 on Wednesday. The business has a 50-day moving average of $48.30 and a 200 day moving average of $46.95. AMERISAFE, Inc. has a 1-year low of $41.97 and a 1-year high of $54.80. The stock has a market capitalization of $946.23 million, a PE ratio of 15.40 and a beta of 0.34.

AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Monday, July 29th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.03). AMERISAFE had a return on equity of 16.38% and a net margin of 18.46%. The firm had revenue of $75.83 million during the quarter, compared to the consensus estimate of $74.20 million. During the same quarter in the prior year, the business posted $0.73 EPS. Analysts anticipate that AMERISAFE, Inc. will post 2.4 EPS for the current year.

AMERISAFE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Friday, September 6th. AMERISAFE’s dividend payout ratio (DPR) is 46.11%.

Analyst Ratings Changes

AMSF has been the topic of several research reports. JMP Securities reissued a “market outperform” rating and set a $65.00 price target on shares of AMERISAFE in a research note on Tuesday, July 30th. StockNews.com upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

About AMERISAFE

AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.