BNP Paribas Arbitrage SA Purchases 4,126 Shares of AMERISAFE, Inc. (AMSF)

BNP Paribas Arbitrage SA increased its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 66.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,360 shares of the insurance provider’s stock after acquiring an additional 4,126 shares during the period. BNP Paribas Arbitrage SA owned about 0.05% of AMERISAFE worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in AMSF. Tygh Capital Management Inc. raised its holdings in AMERISAFE by 2.1% during the third quarter. Tygh Capital Management Inc. now owns 108,928 shares of the insurance provider’s stock valued at $6,340,000 after buying an additional 2,215 shares in the last quarter. American Century Companies Inc. raised its holdings in AMERISAFE by 68.9% during the third quarter. American Century Companies Inc. now owns 369,860 shares of the insurance provider’s stock valued at $21,526,000 after buying an additional 150,876 shares in the last quarter. Copeland Capital Management LLC raised its holdings in AMERISAFE by 2.5% during the third quarter. Copeland Capital Management LLC now owns 166,842 shares of the insurance provider’s stock valued at $9,710,000 after buying an additional 4,044 shares in the last quarter. Victory Capital Management Inc. raised its holdings in AMERISAFE by 849.7% during the third quarter. Victory Capital Management Inc. now owns 102,183 shares of the insurance provider’s stock valued at $5,947,000 after buying an additional 91,423 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in AMERISAFE during the third quarter valued at about $227,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

In related news, CEO G. Janelle Frost sold 1,728 shares of AMERISAFE stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $66.74, for a total transaction of $115,326.72. Following the sale, the chief executive officer now directly owns 54,322 shares of the company’s stock, valued at $3,625,450.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Neal Andrew Fuller sold 1,850 shares of AMERISAFE stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $56.94, for a total value of $105,339.00. Following the sale, the chief financial officer now directly owns 23,210 shares in the company, valued at $1,321,577.40. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

AMSF has been the topic of several recent research reports. Zacks Investment Research upgraded AMERISAFE from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Friday, September 1st. SunTrust Banks restated a “buy” rating and set a $69.00 target price on shares of AMERISAFE in a report on Friday, October 27th. Boenning Scattergood initiated coverage on AMERISAFE in a report on Monday, September 25th. They set a “neutral” rating on the stock. B. Riley restated a “buy” rating on shares of AMERISAFE in a report on Monday, November 6th. Finally, FBR & Co restated a “buy” rating on shares of AMERISAFE in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $66.00.

Shares of AMERISAFE, Inc. (AMSF) opened at $66.30 on Thursday. The stock has a market capitalization of $1,283.58, a PE ratio of 19.39 and a beta of 0.87. AMERISAFE, Inc. has a 1 year low of $51.20 and a 1 year high of $69.40.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, October 25th. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. The company had revenue of $92.90 million for the quarter, compared to the consensus estimate of $92.04 million. AMERISAFE had a return on equity of 13.92% and a net margin of 17.07%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.93 earnings per share. equities research analysts predict that AMERISAFE, Inc. will post 3.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, December 13th. AMERISAFE’s dividend payout ratio is currently 23.81%.

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AMERISAFE Company Profile

Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.

Institutional Ownership by Quarter for AMERISAFE (NASDAQ:AMSF)

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