Teacher Retirement System of Texas Has $5.99 Million Holdings in AMERISAFE, Inc. $AMSF

Key Points

• Teacher Retirement System of Texas raised its stake in AMERISAFE by 34.7% in Q4, owning 156,059 shares worth approximately $5.99 million (about 0.82% of the company) at quarter-end.
• AMERISAFE missed quarterly expectations with $0.50 EPS vs. a $0.52 consensus and revenue of $80.09 million vs. $90.49 million expected; the company reported a net margin of 14.27% and ROE of 15.34%, with analysts forecasting roughly 2.1 EPS for the year.
• Management announced a quarterly dividend of $0.41 (annualized $1.64) for a yield of about 5.4%, with an ex-dividend date of June 12 and payment on June 19.

Teacher Retirement System of Texas increased its holdings in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 34.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,059 shares of the insurance provider's stock after acquiring an additional 40,164 shares during the period. Teacher Retirement System of Texas owned about 0.82% of AMERISAFE worth $5,994,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of AMERISAFE by 41.1% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 21,470 shares of the insurance provider's stock worth $825,000 after acquiring an additional 6,250 shares during the last quarter. Third View Private Wealth LLC acquired a new stake in shares of AMERISAFE in the 4th quarter worth about $281,000. Nisa Investment Advisors LLC raised its holdings in shares of AMERISAFE by 1,874.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,063 shares of the insurance provider's stock worth $348,000 after acquiring an additional 8,604 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of AMERISAFE by 1.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 43,792 shares of the insurance provider's stock worth $1,682,000 after acquiring an additional 693 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of AMERISAFE by 22.3% in the 4th quarter. SG Americas Securities LLC now owns 8,213 shares of the insurance provider's stock worth $315,000 after acquiring an additional 1,498 shares during the last quarter. Institutional investors and hedge funds own 97.41% of the company's stock.

AMERISAFE Stock Performance

NASDAQ:AMSF opened at $30.34 on Monday. The firm has a market cap of $567.36 million, a price-to-earnings ratio of 12.49 and a beta of 0.31. AMERISAFE, Inc. has a 52 week low of $29.45 and a 52 week high of $49.94. The firm has a 50-day moving average price of $33.85 and a two-hundred day moving average price of $37.41.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The firm had revenue of $80.09 million during the quarter, compared to analysts' expectations of $90.49 million. AMERISAFE had a net margin of 14.27% and a return on equity of 15.34%. As a group, sell-side analysts forecast that AMERISAFE, Inc. will post 2.1 earnings per share for the current year.

AMERISAFE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 12th will be paid a $0.41 dividend. The ex-dividend date is Friday, June 12th. This represents a $1.64 annualized dividend and a yield of 5.4%. AMERISAFE's dividend payout ratio is presently 67.49%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMSF. Wall Street Zen lowered shares of AMERISAFE from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. Morgan Stanley set a $55.00 price objective on shares of AMERISAFE in a research note on Friday, January 16th. Citigroup reiterated a "market outperform" rating on shares of AMERISAFE in a research note on Friday, January 16th. Truist Financial decreased their price objective on shares of AMERISAFE from $36.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday. Finally, Citizens Jmp decreased their price objective on shares of AMERISAFE from $50.00 to $45.00 and set a "market outperform" rating for the company in a research note on Monday, April 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, AMERISAFE currently has an average rating of "Moderate Buy" and an average price target of $44.67.

AMERISAFE Company Profile

Amerisafe, Inc NASDAQ: AMSF is a specialty provider of workers' compensation insurance products and services in the United States. The company focuses on underwriting and managing workers' compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.

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