CANADA LIFE ASSURANCE Co Sells 1,348 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

CANADA LIFE ASSURANCE Co lowered its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,027 shares of the insurance provider’s stock after selling 1,348 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in AMERISAFE were worth $981,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in AMERISAFE by 63.4% during the 4th quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider’s stock worth $69,000 after acquiring an additional 521 shares during the last quarter. R Squared Ltd bought a new stake in AMERISAFE during the 4th quarter worth about $99,000. KLP Kapitalforvaltning AS bought a new stake in AMERISAFE during the 4th quarter worth about $180,000. Versor Investments LP bought a new stake in AMERISAFE during the 4th quarter worth about $205,000. Finally, Corient Private Wealth LLC bought a new stake in AMERISAFE during the 4th quarter worth about $207,000. Institutional investors own 97.41% of the company’s stock.

AMERISAFE Stock Up 0.3 %

AMSF stock opened at $49.02 on Tuesday. The business’s fifty day moving average is $50.47 and its 200-day moving average is $52.24. The company has a market cap of $933.83 million, a P/E ratio of 15.32 and a beta of 0.34. AMERISAFE, Inc. has a twelve month low of $41.97 and a twelve month high of $60.24.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. The company had revenue of $73.51 million for the quarter, compared to the consensus estimate of $77.37 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. Research analysts anticipate that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal 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. This represents a $1.56 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Friday, March 7th. AMERISAFE’s payout ratio is presently 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.