Northern Trust Corp Acquires 7,517 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Northern Trust Corp lifted its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 206,675 shares of the insurance provider's stock after purchasing an additional 7,517 shares during the period. Northern Trust Corp owned 1.08% of AMERISAFE worth $10,652,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. R Squared Ltd purchased a new position in AMERISAFE in the fourth quarter valued at approximately $99,000. KLP Kapitalforvaltning AS bought a new stake in shares of AMERISAFE in the fourth quarter valued at $180,000. Aquatic Capital Management LLC raised its stake in shares of AMERISAFE by 336.1% in the fourth quarter. Aquatic Capital Management LLC now owns 3,925 shares of the insurance provider's stock valued at $202,000 after buying an additional 3,025 shares during the period. Versor Investments LP purchased a new position in shares of AMERISAFE during the 4th quarter valued at $205,000. Finally, Corient Private Wealth LLC purchased a new position in shares of AMERISAFE during the 4th quarter valued at $207,000. Hedge funds and other institutional investors own 97.41% of the company's stock.

AMERISAFE Trading Down 1.8%

Shares of NASDAQ AMSF traded down $0.88 during midday trading on Wednesday, hitting $46.79. The company's stock had a trading volume of 58,902 shares, compared to its average volume of 109,870. The firm has a market capitalization of $891.35 million, a price-to-earnings ratio of 14.62 and a beta of 0.41. The stock has a fifty day moving average price of $49.39 and a 200 day moving average price of $51.64. AMERISAFE, Inc. has a one year low of $41.97 and a one year high of $60.24.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $0.60 EPS for the quarter, topping 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 firm had revenue of $83.78 million during the quarter, compared to analyst estimates of $76.66 million. On average, equities research analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 13th will be given 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 3.33%. AMERISAFE's dividend payout ratio (DPR) is currently 62.90%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a "market outperform" rating and issued a $65.00 price objective on shares of AMERISAFE in a report on Wednesday, April 30th.

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.