Legal & General Group Plc Raises Stake in AMERISAFE, Inc. (NASDAQ:AMSF)

Xavier Trudeau
Août 13, 2017

The original version of this news story can be accessed at (NASDAQ:AMSF) by 3.9% during the first quarter, according to its most recent Form 13F filing with the SEC. Suntrust Banks Inc. now owns 4,225 shares of the insurance provider's stock worth $273,000 after buying an additional 168 shares during the period. Alliancebernstein L.P.'s holdings in AMERISAFE were worth $2,097,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AMSF. State of Alaska Department of Revenue now owns 2,120 shares of the insurance provider's stock valued at $137,000 after buying an additional 40 shares in the last quarter. State Street Corp boosted its position in AMERISAFE by 7.4% in the fourth quarter. Schroder Investment Management Group now owns 430,189 shares valued at $24,542,000. Boston Partners boosted its stake in shares of AMERISAFE by 2.2% in the first quarter. The fund owned 30,604 shares of the insurance provider's stock after selling 33,880 shares during the period. Neuberger Berman Group LLC boosted its stake in AMERISAFE by 25.2% in the first quarter. Schroder Investment Management Group added to its position by buying 153,671 shares an increase of 55.6% as of 06/30/2017. Dean Investment Associates, LLC now owns 74,805 shares with a value of $4,260,000. AMERISAFE, Inc. has a 1-year low of $51.20 and a 1-year high of $69.40.

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.

The company is down by -1.22% since yesterday's close of $57.25. In the last earnings report the EPS was $3.43 and is expected to be $3.13 for the current year with 19,162,000 shares now outstanding. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.77 by $0.05. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. The firm had revenue of $89.93 million during the quarter, compared to analyst estimates of $92.33 million. Insiders acquired a total of 6,054 shares of company stock valued at $311,443 in the last quarter. AMERISAFE's revenue for the quarter was down 7.8% compared to the same quarter previous year. AMERISAFE, Inc. announced a dividend that will be paid on Fri Sep 22, 2017. Stockholders of record on Friday, September 8th will be issued a $0.20 dividend. The ex-dividend date will be on Wednesday the 7th of June 2017. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.40%. "(NASDAQ:AMSF)" was first published by Transcript Daily and is owned by of Transcript Daily. If you are reading this article on another publication, it was copied illegally and reposted in violation of U.S. & worldwide copyright & trademark laws.

AMSF has been the subject of several analyst reports. Zacks Investment Research lowered AMERISAFE from a "hold" rating to a "strong sell" rating in a research note on Tuesday, May 2nd. Finally, FBR & Co reaffirmed an "outperform" rating and set a $64.00 price objective (down previously from $71.00) on shares of AMERISAFE in a research report on Wednesday, May 10th.

Jared A. Morris, Director disclosed the purchase of 2,500 shares. The shares were sold at an average price of $56.90, for a total value of $28,450.00. Following the purchase, the director now owns 12,390 shares of the company's stock, valued at approximately $629,659.80. Also, Director Randy Roach sold 500 shares of the business's stock in a transaction that occurred on Wednesday, August 9th. The shares were bought at an average cost of $52.15 per share, for a total transaction of $104,300.00. Following the completion of the sale, the director now owns 8,399 shares of the company's stock, valued at approximately $477,903.10. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company's stock.

Cuts Position in AMERISAFE, Inc. The Company is engaged in providing workers' compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture.

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