AQR Capital Management LLC Has $4.09 Million Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

AQR Capital Management LLC decreased its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 18.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 79,428 shares of the insurance provider’s stock after selling 17,694 shares during the period. AQR Capital Management LLC’s holdings in AMERISAFE were worth $4,094,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Northern Trust Corp grew its position in AMERISAFE by 3.8% during the 4th quarter. Northern Trust Corp now owns 206,675 shares of the insurance provider’s stock worth $10,652,000 after acquiring an additional 7,517 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of AMERISAFE by 83.5% during the fourth quarter. Tudor Investment Corp ET AL now owns 24,733 shares of the insurance provider’s stock worth $1,275,000 after purchasing an additional 11,258 shares during the last quarter. Aquatic Capital Management LLC increased its stake in shares of AMERISAFE by 336.1% in the fourth quarter. Aquatic Capital Management LLC now owns 3,925 shares of the insurance provider’s stock valued at $202,000 after buying an additional 3,025 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of AMERISAFE by 8.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,918 shares of the insurance provider’s stock valued at $821,000 after buying an additional 1,210 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in AMERISAFE by 36.3% during the 4th quarter. Hsbc Holdings PLC now owns 7,114 shares of the insurance provider’s stock worth $367,000 after buying an additional 1,895 shares in the last quarter. Institutional investors own 97.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 target price on shares of AMERISAFE in a research note on Wednesday, April 30th.

AMERISAFE Stock Down 0.5 %

AMSF stock opened at $47.18 on Friday. AMERISAFE, Inc. has a twelve month low of $41.97 and a twelve month high of $60.24. The company has a market cap of $898.78 million, a P/E ratio of 14.74 and a beta of 0.41. The business has a fifty day moving average of $49.81 and a 200-day moving average of $52.00.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Tuesday, April 29th. The insurance provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The firm had revenue of $83.78 million during the quarter, compared to analysts’ expectations of $76.66 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. As a group, equities research analysts anticipate that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, June 13th. AMERISAFE’s dividend payout ratio is presently 62.90%.

About AMERISAFE

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.