AMERISAFE, Inc. (NASDAQ:AMSF) Shares Sold by Millennium Management LLC

Millennium Management LLC cut its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 87.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,830 shares of the insurance provider's stock after selling 116,033 shares during the period. Millennium Management LLC owned about 0.09% of AMERISAFE worth $867,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Isthmus Partners LLC grew its stake in AMERISAFE by 0.5% in the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in AMERISAFE by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,842 shares of the insurance provider's stock worth $559,000 after purchasing an additional 357 shares in the last quarter. Values First Advisors Inc. grew its stake in AMERISAFE by 8.2% in the fourth quarter. Values First Advisors Inc. now owns 5,350 shares of the insurance provider's stock worth $276,000 after purchasing an additional 404 shares in the last quarter. Bank of Montreal Can grew its stake in AMERISAFE by 4.6% in the fourth quarter. Bank of Montreal Can now owns 9,375 shares of the insurance provider's stock worth $483,000 after purchasing an additional 410 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in AMERISAFE by 4.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 10,904 shares of the insurance provider's stock worth $562,000 after purchasing an additional 428 shares in the last quarter. 97.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JMP Securities reiterated a "market outperform" rating and issued a $65.00 price target on shares of AMERISAFE in a research note on Wednesday, April 30th.

AMERISAFE Stock Up 0.7%

Shares of AMSF stock opened at $45.84 on Friday. The business has a 50 day moving average of $47.99 and a two-hundred day moving average of $50.67. AMERISAFE, Inc. has a 52 week low of $41.97 and a 52 week high of $60.24. The company has a market cap of $873.25 million, a P/E ratio of 14.33 and a beta of 0.42.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The insurance provider reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.01. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The company had revenue of $83.78 million during the quarter, compared to the consensus estimate of $76.66 million. Analysts expect that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.40%. AMERISAFE's dividend payout ratio (DPR) is presently 62.90%.

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.

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