AMERISAFE, Inc. (NASDAQ:AMSF) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 9,993.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,541 shares of the insurance provider's stock after acquiring an additional 47,070 shares during the period. Russell Investments Group Ltd. owned approximately 0.25% of AMERISAFE worth $2,450,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in AMERISAFE by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 60,464 shares of the insurance provider's stock worth $3,116,000 after acquiring an additional 2,365 shares during the period. Geode Capital Management LLC lifted its holdings in AMERISAFE by 18.4% in the fourth quarter. Geode Capital Management LLC now owns 536,836 shares of the insurance provider's stock worth $27,675,000 after purchasing an additional 83,297 shares during the period. Franklin Resources Inc. bought a new position in AMERISAFE in the 4th quarter valued at about $359,000. Norges Bank acquired a new position in AMERISAFE during the 4th quarter valued at about $2,881,000. Finally, JPMorgan Chase & Co. increased its stake in AMERISAFE by 132.2% during the 4th quarter. JPMorgan Chase & Co. now owns 80,642 shares of the insurance provider's stock valued at $4,156,000 after buying an additional 45,916 shares during the period. 97.41% of the stock is currently owned by institutional investors.

AMERISAFE Stock Performance

Shares of NASDAQ:AMSF traded down $0.06 during trading on Thursday, reaching $49.19. The company had a trading volume of 11,496 shares, compared to its average volume of 110,889. AMERISAFE, Inc. has a twelve month low of $41.97 and a twelve month high of $60.24. The firm has a market capitalization of $937.07 million, a PE ratio of 15.37 and a beta of 0.34. The firm's fifty day moving average is $50.49 and its 200 day moving average is $52.18.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. The company had revenue of $73.51 million for the quarter, compared to analysts' expectations of $77.37 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. Equities analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.39 per share. The ex-dividend date was Friday, March 7th. This represents a $1.56 annualized dividend and a dividend yield of 3.17%. AMERISAFE's dividend payout ratio (DPR) is 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.