Amerisafe, Inc. (NASDAQ:AMSF) CEO G. Janelle Frost sold 1,421 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $55.42, for a total value of $78,751.82. Following the sale, the chief executive officer now owns 60,401 shares of the company’s stock, valued at $3,347,423.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
G. Janelle Frost also recently made the following trade(s):
- On Friday, March 2nd, G. Janelle Frost sold 7,500 shares of Amerisafe stock. The shares were sold at an average price of $55.53, for a total value of $416,475.00.
Amerisafe, Inc. (NASDAQ:AMSF) traded up $0.70 on Friday, reaching $57.05. The company’s stock had a trading volume of 73,170 shares, compared to its average volume of 80,399. The company has a market cap of $1,097.98, a price-to-earnings ratio of 18.46 and a beta of 0.86. Amerisafe, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $67.82.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.22 per share. This is a positive change from Amerisafe’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.88 dividend on an annualized basis and a yield of 1.54%. Amerisafe’s dividend payout ratio is presently 36.67%.
Several equities research analysts recently weighed in on AMSF shares. BidaskClub cut Amerisafe from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Boenning Scattergood restated a “hold” rating on shares of Amerisafe in a report on Tuesday, February 27th. ValuEngine upgraded Amerisafe from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research cut Amerisafe from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $66.00.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMSF. Victory Capital Management Inc. raised its position in Amerisafe by 640.6% during the 4th quarter. Victory Capital Management Inc. now owns 756,815 shares of the insurance provider’s stock valued at $46,620,000 after purchasing an additional 654,632 shares during the last quarter. American Century Companies Inc. raised its position in Amerisafe by 68.9% during the 3rd quarter. American Century Companies Inc. now owns 369,860 shares of the insurance provider’s stock valued at $21,526,000 after purchasing an additional 150,876 shares during the last quarter. Neuberger Berman Group LLC raised its position in Amerisafe by 7.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,312,660 shares of the insurance provider’s stock valued at $76,397,000 after purchasing an additional 92,819 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Amerisafe during the 4th quarter valued at approximately $3,640,000. Finally, First Trust Advisors LP raised its position in Amerisafe by 429.8% during the 3rd quarter. First Trust Advisors LP now owns 58,794 shares of the insurance provider’s stock valued at $3,422,000 after purchasing an additional 47,697 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.
Amerisafe Company Profile
Amerisafe, Inc is an insurance holding company. 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. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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