Neuberger Berman Group LLC Sells 5,834 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Neuberger Berman Group LLC lowered its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 0.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,795,758 shares of the insurance provider’s stock after selling 5,834 shares during the quarter. Neuberger Berman Group LLC owned 0.09% of AMERISAFE worth $92,553,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AMSF. State Street Corp increased its holdings in AMERISAFE by 8.5% during the third quarter. State Street Corp now owns 811,561 shares of the insurance provider’s stock valued at $39,223,000 after buying an additional 63,638 shares during the period. Barclays PLC lifted its stake in shares of AMERISAFE by 365.6% during the third quarter. Barclays PLC now owns 33,219 shares of the insurance provider’s stock worth $1,605,000 after buying an additional 26,084 shares during the period. Jane Street Group LLC lifted its position in AMERISAFE by 70.6% during the third quarter. Jane Street Group LLC now owns 41,299 shares of the insurance provider’s stock valued at $1,996,000 after purchasing an additional 17,084 shares during the period. BNP Paribas Financial Markets lifted its position in AMERISAFE by 6.9% during the third quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock valued at $284,000 after purchasing an additional 381 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in AMERISAFE by 1,328.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,914 shares of the insurance provider’s stock valued at $305,000 after purchasing an additional 5,500 shares during the period. Institutional investors own 97.41% of the company’s stock.

AMERISAFE Stock Performance

AMSF opened at $49.32 on Thursday. AMERISAFE, Inc. has a fifty-two week low of $41.97 and a fifty-two week high of $60.24. The company has a fifty day moving average of $50.68 and a two-hundred day moving average of $52.16. The stock has a market capitalization of $939.55 million, a price-to-earnings ratio of 15.41 and a beta of 0.34.

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

AMERISAFE Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.56 annualized dividend and a yield of 3.16%. AMERISAFE’s dividend payout ratio is presently 53.98%.

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.