Boston Partners lowered its stake in AMERISAFE, Inc. (NASDAQ:AMSF – Free Report) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,093 shares of the insurance provider’s stock after selling 3,298 shares during the quarter. Boston Partners owned about 0.30% of AMERISAFE worth $3,044,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. raised its holdings in AMERISAFE by 4.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,543 shares of the insurance provider’s stock worth $320,000 after purchasing an additional 291 shares in the last quarter. Belpointe Asset Management LLC increased its position in shares of AMERISAFE by 12.9% during the 1st quarter. Belpointe Asset Management LLC now owns 2,761 shares of the insurance provider’s stock valued at $135,000 after purchasing an additional 316 shares during the period. Inspire Investing LLC increased its position in shares of AMERISAFE by 6.0% during the 2nd quarter. Inspire Investing LLC now owns 5,891 shares of the insurance provider’s stock valued at $314,000 after purchasing an additional 335 shares during the period. Wellington Management Group LLP increased its position in shares of AMERISAFE by 2.0% during the 1st quarter. Wellington Management Group LLP now owns 21,951 shares of the insurance provider’s stock valued at $1,075,000 after purchasing an additional 426 shares during the period. Finally, First Republic Investment Management Inc. increased its position in shares of AMERISAFE by 5.2% during the 1st quarter. First Republic Investment Management Inc. now owns 8,689 shares of the insurance provider’s stock valued at $432,000 after purchasing an additional 433 shares during the period. Institutional investors own 96.88% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. StockNews.com upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. TheStreet upgraded shares of AMERISAFE from a “c” rating to a “b-” rating in a research report on Thursday, July 27th.
AMERISAFE Stock Up 0.8 %
Shares of AMERISAFE stock opened at $50.18 on Tuesday. The stock’s fifty day moving average is $51.10 and its 200-day moving average is $52.43. The firm has a market capitalization of $962.55 million, a PE ratio of 15.16 and a beta of 0.36. AMERISAFE, Inc. has a 12-month low of $47.53 and a 12-month high of $59.51.
AMERISAFE (NASDAQ:AMSF – Get Free Report) last announced its earnings results on Wednesday, October 25th. The insurance provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.03). AMERISAFE had a net margin of 20.78% and a return on equity of 17.42%. The firm had revenue of $74.82 million for the quarter, compared to analyst estimates of $75.00 million. Analysts expect that AMERISAFE, Inc. will post 2.85 EPS for the current year.
AMERISAFE Cuts Dividend
The company also recently announced a None dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $3.84 per share. This represents a yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 30th. AMERISAFE’s dividend payout ratio (DPR) is currently 41.09%.
Insider Buying and Selling at AMERISAFE
In other AMERISAFE news, CFO Anastasios Omiridis sold 3,325 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $51.22, for a total value of $170,306.50. Following the transaction, the chief financial officer now owns 1,520 shares in the company, valued at approximately $77,854.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.59% of the company’s stock.
AMERISAFE Company Profile
AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. The company's workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It serves small to mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.
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