Corient Private Wealth LLC Takes $207,000 Position in AMERISAFE, Inc. (NASDAQ:AMSF)

Corient Private Wealth LLC purchased a new position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,019 shares of the insurance provider’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in AMERISAFE by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,996 shares of the insurance provider’s stock worth $30,931,000 after buying an additional 14,104 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of AMERISAFE by 6.9% during the third quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock worth $284,000 after acquiring an additional 381 shares during the last quarter. HighTower Advisors LLC raised its position in shares of AMERISAFE by 13.8% during the third quarter. HighTower Advisors LLC now owns 7,940 shares of the insurance provider’s stock worth $388,000 after acquiring an additional 962 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of AMERISAFE by 3.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 19,008 shares of the insurance provider’s stock valued at $919,000 after acquiring an additional 645 shares during the period. Finally, State Street Corp boosted its holdings in AMERISAFE by 8.5% in the third quarter. State Street Corp now owns 811,561 shares of the insurance provider’s stock valued at $39,223,000 after acquiring an additional 63,638 shares during the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.

AMERISAFE Stock Up 0.3 %

Shares of AMSF stock opened at $52.70 on Wednesday. AMERISAFE, Inc. has a 12 month low of $41.97 and a 12 month high of $60.24. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 16.47 and a beta of 0.33. The stock has a 50-day moving average price of $50.75 and a 200 day moving average price of $52.14.

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

AMERISAFE Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, March 7th. AMERISAFE’s payout ratio 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.