State of New Jersey Common Pension Fund D Sells 10,875 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

State of New Jersey Common Pension Fund D reduced its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 20.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,794 shares of the insurance provider’s stock after selling 10,875 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.22% of AMERISAFE worth $1,878,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC increased its position in AMERISAFE by 22.0% in the 1st quarter. EntryPoint Capital LLC now owns 2,082 shares of the insurance provider’s stock valued at $104,000 after buying an additional 376 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of AMERISAFE by 5.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,852 shares of the insurance provider’s stock valued at $695,000 after acquiring an additional 755 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of AMERISAFE by 26.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the insurance provider’s stock worth $182,000 after purchasing an additional 828 shares during the period. Diversified Trust Co raised its position in shares of AMERISAFE by 16.7% during the second quarter. Diversified Trust Co now owns 8,591 shares of the insurance provider’s stock worth $377,000 after purchasing an additional 1,230 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of AMERISAFE by 14.9% in the 1st quarter. Bessemer Group Inc. now owns 11,511 shares of the insurance provider’s stock worth $577,000 after purchasing an additional 1,497 shares in the last quarter. 97.41% of the stock is owned by institutional investors and hedge funds.

AMERISAFE Price Performance

AMSF opened at $47.91 on Monday. AMERISAFE, Inc. has a fifty-two week low of $41.97 and a fifty-two week high of $54.80. The firm has a market capitalization of $916.76 million, a P/E ratio of 14.93 and a beta of 0.34. The company’s 50-day moving average is $48.25 and its 200 day moving average is $47.11.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Monday, July 29th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.03). The business had revenue of $75.83 million during the quarter, compared to the consensus estimate of $74.20 million. AMERISAFE had a net margin of 18.46% and a return on equity of 16.38%. During the same period in the prior year, the company earned $0.73 earnings per share. On average, equities research analysts expect that AMERISAFE, Inc. will post 2.4 earnings per share for the current year.

AMERISAFE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Friday, September 6th. AMERISAFE’s payout ratio is 46.11%.

Wall Street Analyst Weigh In

AMSF has been the topic of several research reports. JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of AMERISAFE in a report on Tuesday, July 30th. StockNews.com upgraded AMERISAFE from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

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.