Schwab Charles Investment Management Inc. lifted its holdings in Amerisafe, Inc. (NASDAQ:AMSF) by 9.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,925 shares of the insurance provider’s stock after purchasing an additional 7,680 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.48% of Amerisafe worth $5,725,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Wolverine Trading LLC acquired a new position in shares of Amerisafe in the third quarter valued at approximately $206,000. Crossmark Global Holdings Inc. acquired a new position in shares of Amerisafe in the third quarter valued at approximately $227,000. Municipal Employees Retirement System of Michigan grew its holdings in shares of Amerisafe by 59.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,220 shares of the insurance provider’s stock valued at $420,000 after purchasing an additional 2,680 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Amerisafe by 14.3% in the third quarter. Aperio Group LLC now owns 7,692 shares of the insurance provider’s stock valued at $448,000 after purchasing an additional 965 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Amerisafe by 66.2% in the third quarter. BNP Paribas Arbitrage SA now owns 10,360 shares of the insurance provider’s stock valued at $603,000 after purchasing an additional 4,126 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.
Several research firms have commented on AMSF. ValuEngine upgraded shares of Amerisafe from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a report on Tuesday, February 27th. BidaskClub cut shares of Amerisafe from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Zacks Investment Research cut shares of Amerisafe from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $66.00.
Amerisafe (NASDAQ:AMSF) last posted its quarterly earnings results on Monday, February 26th. The insurance provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.13). Amerisafe had a return on equity of 12.69% and a net margin of 12.32%. The firm had revenue of $94.94 million for the quarter, compared to analyst estimates of $92.71 million. During the same quarter last year, the firm earned $1.04 EPS. The company’s revenue was down 3.7% on a year-over-year basis. research analysts expect that Amerisafe, Inc. will post 3.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from Amerisafe’s previous quarterly dividend of $0.20. Amerisafe’s payout ratio is 36.67%.
In other news, CEO G. Janelle Frost sold 1,421 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $55.42, for a total transaction of $78,751.82. Following the completion of the sale, the chief executive officer now owns 60,401 shares in the company, valued at approximately $3,347,423.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Vincent J. Gagliano sold 820 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $55.22, for a total transaction of $45,280.40. Following the sale, the executive vice president now owns 16,680 shares of the company’s stock, valued at approximately $921,069.60. The disclosure for this sale can be found here. Insiders have sold a total of 10,432 shares of company stock valued at $578,872 in the last quarter. 2.20% of the stock is currently owned by company insiders.
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.
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