AMERISAFE, Inc. Declares Quarterly Dividend of $0.41 (NASDAQ:AMSF)

AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Friday, March 13th will be given a dividend of 0.41 per share by the insurance provider on Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, March 13th.

AMERISAFE has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. AMERISAFE has a payout ratio of 70.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect AMERISAFE to earn $2.18 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 71.6%.

AMERISAFE Stock Down 5.2%

Shares of AMSF traded down $1.91 on Thursday, hitting $34.98. 52,917 shares of the stock traded hands, compared to its average volume of 154,103. AMERISAFE has a 1 year low of $34.33 and a 1 year high of $53.27. The stock’s 50 day moving average is $38.04 and its two-hundred day moving average is $40.87. The firm has a market capitalization of $661.84 million, a P/E ratio of 13.54 and a beta of 0.35.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, February 25th. The insurance provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.06). AMERISAFE had a net margin of 16.12% and a return on equity of 16.94%. The business had revenue of $81.59 million during the quarter, compared to analyst estimates of $80.05 million. Research analysts forecast that AMERISAFE will post 2.45 EPS for the current year.

Institutional Trading of AMERISAFE

A number of hedge funds have recently made changes to their positions in the stock. VARCOV Co. purchased a new stake in AMERISAFE in the 4th quarter worth approximately $419,000. Tudor Investment Corp ET AL acquired a new stake in shares of AMERISAFE in the fourth quarter worth $360,000. Millennium Management LLC boosted its holdings in shares of AMERISAFE by 0.9% during the 4th quarter. Millennium Management LLC now owns 193,628 shares of the insurance provider’s stock worth $7,437,000 after buying an additional 1,803 shares during the period. Inspire Investing LLC grew its stake in AMERISAFE by 18.6% in the 4th quarter. Inspire Investing LLC now owns 12,218 shares of the insurance provider’s stock valued at $469,000 after buying an additional 1,913 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its position in AMERISAFE by 175.9% during the 4th quarter. Engineers Gate Manager LP now owns 56,048 shares of the insurance provider’s stock worth $2,153,000 after acquiring an additional 35,735 shares during the last quarter. 97.41% of the stock is owned by hedge funds and other institutional investors.

About AMERISAFE

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.