AMERISAFE, Inc. (NASDAQ:AMSF) Shareholders to Get $0.41 Quarterly Dividend

AMERISAFE, Inc. (NASDAQ:AMSF) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Friday, December 4th will be paid a dividend of $0.41 per share by the insurance provider on Friday, December 11th. This represents a $1.64 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, December 4th.

AMERISAFE has decreased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. AMERISAFE has a dividend payout ratio of 74.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AMERISAFE to earn $1.93 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 85.0%.

AMERISAFE Stock Down 0.6%

Shares of NASDAQ:AMSF opened at $25.30 on Thursday. AMERISAFE has a 12 month low of $23.20 and a 12 month high of $42.10. The firm has a market cap of $469.06 million, a price-to-earnings ratio of 10.20 and a beta of 0.24. The company’s fifty day simple moving average is $25.06 and its 200 day simple moving average is $31.14.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, October 28th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.08). The firm had revenue of $76.67 million for the quarter, compared to analyst estimates of $84.72 million. AMERISAFE had a return on equity of 14.87% and a net margin of 14.00%. Research analysts expect that AMERISAFE will post 1.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMSF. Global Retirement Partners LLC bought a new stake in AMERISAFE in the second quarter valued at about $26,000. Parallel Advisors LLC increased its position in shares of AMERISAFE by 5,714.3% during the 1st quarter. Parallel Advisors LLC now owns 814 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 800 shares during the period. Allworth Financial LP bought a new position in shares of AMERISAFE in the second quarter valued at $38,000. Quantbot Technologies LP acquired a new position in shares of AMERISAFE in the second quarter worth about $49,000. Finally, Integrated Wealth Concepts LLC purchased a new position in AMERISAFE during the 2nd quarter valued at about $50,000. 97.41% of the stock is owned by hedge funds and other institutional investors.

AMERISAFE Company Profile

AMERISAFE, Inc is a specialty workers’ compensation insurance company serving small and midsized businesses. The company focuses on employers in industries with elevated workplace risks, including construction, trucking, logging, agriculture, manufacturing, and maritime operations.

Through its insurance subsidiaries, AMERISAFE provides workers’ compensation coverage designed to protect businesses from costs associated with workplace injuries and occupational illnesses. Its services also include workplace safety and loss-control support, claims management, medical cost containment, and premium audit services.

Headquartered in DeRidder, Louisiana, AMERISAFE primarily serves employers in the southeastern and south-central United States.