2 weeks Ago By ABMN Staff
Bank of New York Mellon Corp cut its stake in shares of AMERISAFE, Inc. ( NASDAQ:AMSF – Free Report ) by 31.1% during the fourth quarter, HoldingsChannel.
com reports. The firm owned 189,140 shares of the insurance provider’s stock after selling 85,353 shares during the period. Bank of New York Mellon Corp’s holdings in AMERISAFE were worth $9,748,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the business. New York State Common Retirement Fund boosted its position in shares of AMERISAFE by 3.1% in the 4th quarter.
New York State Common Retirement Fund now owns 94,556 shares of the insurance provider’s stock worth $4,873,000 after buying an additional 2,802 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of AMERISAFE by 2.
9% in the 4th quarter. Principal Financial Group Inc. now owns 92,636 shares of the insurance provider’s stock worth $4,774,000 after buying an additional 2,619 shares in the last quarter.
Values First Advisors Inc. boosted its position in shares of AMERISAFE by 8.2% in the 4th quarter.
Values First Advisors Inc. now owns 5,350 shares of the insurance provider’s stock worth $276,000 after buying an additional 404 shares in the last quarter. Mirae Asset Global Investments Co.
Ltd. lifted its holdings in AMERISAFE by 18.3% in the 4th quarter.
Mirae Asset Global Investments Co. Ltd. now owns 13,793 shares of the insurance provider’s stock valued at $712,000 after purchasing an additional 2,130 shares in the last quarter.
Finally, R Squared Ltd purchased a new position in AMERISAFE in the 4th quarter valued at about $99,000. 97.41% of the stock is currently owned by hedge funds and other institutional investors.
AMERISAFE Trading Up 0.8 % NASDAQ:AMSF opened at $51.20 on Friday.
The firm has a market cap of $975.36 million, a price-to-earnings ratio of 16.00 and a beta of 0.
33. The company’s 50-day moving average is $50.36 and its two-hundred day moving average is $51.
84. AMERISAFE, Inc. has a 12-month low of $41.
97 and a 12-month high of $60.24. AMERISAFE Cuts Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st.
Shareholders of record on Friday, March 7th will be issued a $0.39 dividend. The ex-dividend date is Friday, March 7th.
This represents a $1.56 dividend on an annualized basis and a yield of 3.05%.
AMERISAFE’s dividend payout ratio (DPR) is 53.98%. About AMERISAFE ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding AMSF? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for AMERISAFE, Inc. ( NASDAQ:AMSF – Free Report ). Receive News & Ratings for AMERISAFE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERISAFE and related companies with MarketBeat.
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