AlphaQuest LLC Has $558,000 Stock Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

AlphaQuest LLC lessened its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 36.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,835 shares of the insurance provider’s stock after selling 6,343 shares during the quarter. AlphaQuest LLC owned about 0.06% of AMERISAFE worth $558,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Amundi lifted its stake in shares of AMERISAFE by 169.2% during the 4th quarter. Amundi now owns 9,210 shares of the insurance provider’s stock worth $456,000 after buying an additional 5,789 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of AMERISAFE during the 4th quarter worth about $9,708,000. Charles Schwab Investment Management Inc. lifted its stake in shares of AMERISAFE by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 661,795 shares of the insurance provider’s stock worth $34,109,000 after buying an additional 21,799 shares during the last quarter. Versor Investments LP acquired a new stake in shares of AMERISAFE during the 4th quarter worth about $205,000. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of AMERISAFE by 4.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 10,904 shares of the insurance provider’s stock worth $562,000 after buying an additional 428 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 $50.04 on Thursday. The firm has a 50-day moving average of $50.36 and a 200-day moving average of $51.84. The stock has a market cap of $953.26 million, a PE ratio of 15.64 and a beta of 0.33. AMERISAFE, Inc. has a 52-week low of $41.97 and a 52-week high of $60.24.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.07. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. The business had revenue of $73.51 million during the quarter, compared to analysts’ expectations of $77.37 million. As a group, analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Friday, March 7th. AMERISAFE’s dividend payout ratio (DPR) is 53.98%.

AMERISAFE 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.