AMERISAFE, Inc. (NASDAQ:AMSF) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 31.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 189,140 shares of the insurance provider’s stock after selling 85,353 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.99% of AMERISAFE worth $9,748,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AMSF. State Street Corp increased its stake in AMERISAFE by 8.5% in the 3rd quarter. State Street Corp now owns 811,561 shares of the insurance provider’s stock valued at $39,223,000 after buying an additional 63,638 shares during the period. Barclays PLC increased its stake in AMERISAFE by 365.6% in the 3rd quarter. Barclays PLC now owns 33,219 shares of the insurance provider’s stock valued at $1,605,000 after buying an additional 26,084 shares during the period. Jane Street Group LLC increased its stake in AMERISAFE by 70.6% in the 3rd quarter. Jane Street Group LLC now owns 41,299 shares of the insurance provider’s stock valued at $1,996,000 after buying an additional 17,084 shares during the period. Charles Schwab Investment Management Inc. increased its stake in AMERISAFE by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,996 shares of the insurance provider’s stock valued at $30,931,000 after buying an additional 14,104 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in AMERISAFE by 75.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 27,904 shares of the insurance provider’s stock valued at $1,348,000 after buying an additional 12,027 shares during the period. 97.41% of the stock is owned by institutional investors and hedge funds.

AMERISAFE Stock Performance

Shares of AMSF opened at $51.20 on Friday. The stock has a market capitalization of $975.36 million, a P/E ratio of 16.00 and a beta of 0.33. The company’s fifty day moving average is $50.36 and its two-hundred day moving average is $51.84. AMERISAFE, Inc. has a 1 year low of $41.97 and a 1 year high of $60.24.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. The business had revenue of $73.51 million for the quarter, compared to analysts’ expectations of $77.37 million. Sell-side analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.05%. AMERISAFE’s dividend payout ratio (DPR) is presently 53.98%.

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.