Rhumbline Advisers Sells 247 Shares of AMERISAFE, Inc. $AMSF

Rhumbline Advisers lessened its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,798 shares of the insurance provider’s stock after selling 247 shares during the period. Rhumbline Advisers owned 0.28% of AMERISAFE worth $2,827,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMSF. Lazard Asset Management LLC bought a new position in AMERISAFE in the 4th quarter worth approximately $43,000. PNC Financial Services Group Inc. raised its position in AMERISAFE by 301.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,554 shares of the insurance provider’s stock worth $82,000 after purchasing an additional 1,167 shares during the last quarter. GAMMA Investing LLC raised its position in AMERISAFE by 19.1% in the 1st quarter. GAMMA Investing LLC now owns 1,600 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 257 shares during the last quarter. R Squared Ltd raised its position in AMERISAFE by 144.2% in the 1st quarter. R Squared Ltd now owns 4,696 shares of the insurance provider’s stock worth $247,000 after purchasing an additional 2,773 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new position in AMERISAFE in the 4th quarter worth approximately $283,000. Institutional investors own 97.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMSF. Wall Street Zen upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Truist Financial dropped their target price on shares of AMERISAFE from $54.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, July 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $57.50.

AMERISAFE Stock Performance

Shares of NASDAQ:AMSF opened at $43.39 on Wednesday. AMERISAFE, Inc. has a 52-week low of $42.48 and a 52-week high of $60.24. The company has a market capitalization of $823.98 million, a P/E ratio of 16.44 and a beta of 0.38. The company has a 50-day simple moving average of $45.20 and a 200 day simple moving average of $46.95.

AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Thursday, July 24th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). AMERISAFE had a net margin of 16.46% and a return on equity of 16.54%. The firm had revenue of $79.70 million during the quarter, compared to analyst estimates of $77.30 million. As a group, equities analysts forecast that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 12th. AMERISAFE’s dividend payout ratio (DPR) is 59.09%.

Insiders Place Their Bets

In other AMERISAFE news, CFO Anastasios Omiridis sold 1,343 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $44.75, for a total value of $60,099.25. Following the transaction, the chief financial officer directly owned 2,253 shares of the company’s stock, valued at $100,821.75. This represents a 37.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.61% of the stock is currently owned by corporate insiders.

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.