Federated Hermes Inc. Has $50,000 Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

Federated Hermes Inc. lessened its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 53.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,079 shares of the insurance provider’s stock after selling 1,253 shares during the quarter. Federated Hermes Inc.’s holdings in AMERISAFE were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AMSF. GSA Capital Partners LLP acquired a new stake in AMERISAFE in the 3rd quarter valued at $1,962,000. Trexquant Investment LP acquired a new stake in AMERISAFE in the 3rd quarter valued at $1,126,000. Alps Advisors Inc. acquired a new stake in AMERISAFE in the 3rd quarter valued at $813,000. Invesco Ltd. boosted its stake in AMERISAFE by 10.4% in the 3rd quarter. Invesco Ltd. now owns 154,569 shares of the insurance provider’s stock valued at $7,739,000 after buying an additional 14,572 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new stake in AMERISAFE in the 3rd quarter valued at $533,000. Institutional investors and hedge funds own 97.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on AMSF shares. StockNews.com lowered AMERISAFE from a “hold” rating to a “sell” rating in a research note on Monday. TheStreet raised AMERISAFE from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of AMERISAFE in a research report on Monday, April 15th.

AMERISAFE Stock Performance

Shares of AMSF opened at $47.53 on Tuesday. The stock has a fifty day moving average price of $49.66 and a two-hundred day moving average price of $49.25. AMERISAFE, Inc. has a 52-week low of $44.61 and a 52-week high of $56.84. The company has a market cap of $909.72 million, a price-to-earnings ratio of 14.81 and a beta of 0.35.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Thursday, April 25th. The insurance provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The company had revenue of $80.49 million during the quarter, compared to the consensus estimate of $75.22 million. AMERISAFE had a return on equity of 16.76% and a net margin of 19.97%. During the same quarter in the previous year, the company posted $0.83 earnings per share. As a group, research analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 14th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, June 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.11%. AMERISAFE’s payout ratio is currently 46.11%.

AMERISAFE Company 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.