AMERISAFE, Inc. (NASDAQ:AMSF) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,096 shares of the insurance provider’s stock after selling 2,808 shares during the quarter. Thrivent Financial for Lutherans owned about 0.13% of AMERISAFE worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMSF. Isthmus Partners LLC raised its holdings in shares of AMERISAFE by 0.5% in the 4th quarter. Isthmus Partners LLC now owns 63,926 shares of the insurance provider’s stock worth $3,295,000 after purchasing an additional 316 shares during the period. BNP Paribas Financial Markets raised its holdings in AMERISAFE by 6.9% in the third quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock valued at $284,000 after buying an additional 381 shares during the period. Values First Advisors Inc. lifted its position in AMERISAFE by 8.2% during the fourth quarter. Values First Advisors Inc. now owns 5,350 shares of the insurance provider’s stock valued at $276,000 after buying an additional 404 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in AMERISAFE by 4.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,904 shares of the insurance provider’s stock valued at $562,000 after buying an additional 428 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in AMERISAFE by 63.4% during the fourth quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider’s stock worth $69,000 after buying an additional 521 shares during the period. Institutional investors and hedge funds own 97.41% of the company’s stock.

AMERISAFE Trading Down 0.2 %

NASDAQ:AMSF opened at $52.55 on Tuesday. The firm’s fifty day simple moving average is $50.72 and its 200 day simple moving average is $52.12. AMERISAFE, Inc. has a twelve month low of $41.97 and a twelve month high of $60.24. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 16.42 and a beta of 0.33.

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

AMERISAFE Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Friday, March 7th. AMERISAFE’s dividend payout ratio (DPR) is 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.