New South Capital Management Inc. Sells 13,868 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

New South Capital Management Inc. cut its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,105 shares of the insurance provider’s stock after selling 13,868 shares during the period. New South Capital Management Inc.’s holdings in AMERISAFE were worth $9,643,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of AMERISAFE by 8.5% in the 3rd quarter. State Street Corp now owns 811,561 shares of the insurance provider’s stock valued at $39,223,000 after acquiring an additional 63,638 shares during the last quarter. Barclays PLC lifted its stake in shares of AMERISAFE by 365.6% in the 3rd quarter. Barclays PLC now owns 33,219 shares of the insurance provider’s stock valued at $1,605,000 after acquiring an additional 26,084 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of AMERISAFE by 70.6% in the 3rd quarter. Jane Street Group LLC now owns 41,299 shares of the insurance provider’s stock valued at $1,996,000 after acquiring an additional 17,084 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of AMERISAFE by 6.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock valued at $284,000 after acquiring an additional 381 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of AMERISAFE by 1,328.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,914 shares of the insurance provider’s stock valued at $305,000 after acquiring an additional 5,500 shares during the last quarter. 97.41% of the stock is currently owned by institutional investors.

AMERISAFE Stock Performance

Shares of AMSF opened at $50.81 on Thursday. AMERISAFE, Inc. has a 52 week low of $41.97 and a 52 week high of $60.24. The stock has a market capitalization of $967.93 million, a price-to-earnings ratio of 15.88 and a beta of 0.35. The stock has a fifty day moving average of $50.51 and a 200-day moving average of $51.78.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings results on Wednesday, February 26th. The insurance provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The company had revenue of $73.51 million during the quarter, compared to analysts’ expectations of $77.37 million. As a group, equities analysts forecast that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, March 7th. AMERISAFE’s dividend payout ratio is currently 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.