Amundi Purchases 5,789 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Amundi boosted its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 169.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,210 shares of the insurance provider’s stock after purchasing an additional 5,789 shares during the period. Amundi’s holdings in AMERISAFE were worth $456,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in AMERISAFE by 6.9% in the 3rd 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 in the last quarter. Values First Advisors Inc. grew its stake in AMERISAFE by 8.2% in the 4th quarter. Values First Advisors Inc. now owns 5,350 shares of the insurance provider’s stock worth $276,000 after acquiring an additional 404 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in AMERISAFE by 4.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 10,904 shares of the insurance provider’s stock worth $562,000 after acquiring an additional 428 shares in the last quarter. GAMMA Investing LLC grew its stake in AMERISAFE by 63.4% in the 4th quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider’s stock worth $69,000 after acquiring an additional 521 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in AMERISAFE by 3.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 19,008 shares of the insurance provider’s stock worth $919,000 after acquiring an additional 645 shares in the last quarter. 97.41% of the stock is currently owned by institutional investors.

AMERISAFE Stock Performance

Shares of AMSF opened at $51.51 on Friday. The company has a 50 day moving average price of $50.50 and a 200-day moving average price of $51.89. AMERISAFE, Inc. has a fifty-two week low of $41.97 and a fifty-two week high of $60.24. The stock has a market capitalization of $981.27 million, a PE ratio of 16.10 and a beta of 0.33.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share 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 firm had revenue of $73.51 million during the quarter, compared to analysts’ expectations of $77.37 million. Equities research analysts forecast 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. Shareholders of record on Friday, March 7th will be issued a $0.39 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.03%. AMERISAFE’s dividend payout ratio is currently 53.98%.

AMERISAFE Company Profile

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.