Envestnet Asset Management Inc. Trims Stake in AMERISAFE, Inc. (NASDAQ:AMSF)

Envestnet Asset Management Inc. lessened its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 13.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,281 shares of the insurance provider’s stock after selling 2,142 shares during the period. Envestnet Asset Management Inc. owned 0.07% of AMERISAFE worth $685,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of AMERISAFE by 63.4% in the 4th quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider’s stock valued at $69,000 after acquiring an additional 521 shares in the last quarter. R Squared Ltd bought a new position in shares of AMERISAFE in the fourth quarter worth approximately $99,000. KLP Kapitalforvaltning AS bought a new position in shares of AMERISAFE in the fourth quarter worth approximately $180,000. Virtu Financial LLC bought a new stake in AMERISAFE during the third quarter valued at approximately $200,000. Finally, Versor Investments LP purchased a new position in AMERISAFE in the 4th quarter worth approximately $205,000. Institutional investors own 97.41% of the company’s stock.

AMERISAFE Trading Up 1.8 %

AMSF opened at $46.64 on Friday. The stock has a market capitalization of $888.49 million, a P/E ratio of 14.58 and a beta of 0.41. The stock has a 50-day moving average price of $50.24 and a 200-day moving average price of $52.15. AMERISAFE, Inc. has a 12-month low of $41.97 and a 12-month high of $60.24.

AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Tuesday, April 29th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The business had revenue of $83.78 million during the quarter, compared to analyst estimates of $76.66 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. On average, equities research analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 13th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, June 13th. AMERISAFE’s dividend payout ratio is currently 62.90%.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of AMERISAFE in a research report on Wednesday.

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.