Rhumbline Advisers Sells 9,444 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Rhumbline Advisers lowered its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 14.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,567 shares of the insurance provider’s stock after selling 9,444 shares during the period. Rhumbline Advisers owned about 0.30% of AMERISAFE worth $2,527,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMSF. Charles Schwab Investment Management Inc. grew its position in shares of AMERISAFE by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 155,654 shares of the insurance provider’s stock valued at $7,281,000 after buying an additional 2,856 shares during the last quarter. Isthmus Partners LLC grew its position in shares of AMERISAFE by 15.4% in the 4th quarter. Isthmus Partners LLC now owns 45,556 shares of the insurance provider’s stock valued at $2,131,000 after buying an additional 6,087 shares during the last quarter. Eagle Asset Management Inc. grew its position in shares of AMERISAFE by 70.3% in the 4th quarter. Eagle Asset Management Inc. now owns 178,458 shares of the insurance provider’s stock valued at $8,348,000 after buying an additional 73,638 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of AMERISAFE by 4.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 301,819 shares of the insurance provider’s stock valued at $14,119,000 after buying an additional 12,433 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its position in shares of AMERISAFE by 18.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 678,321 shares of the insurance provider’s stock valued at $31,732,000 after buying an additional 105,414 shares during the last quarter. Institutional investors own 97.41% of the company’s stock.

AMERISAFE Price Performance

Shares of NASDAQ:AMSF opened at $49.29 on Thursday. The company has a market capitalization of $943.16 million, a price-to-earnings ratio of 15.36 and a beta of 0.34. The business’s 50-day moving average is $48.11 and its 200-day moving average is $47.22. AMERISAFE, Inc. has a 1 year low of $41.97 and a 1 year high of $54.80.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Monday, July 29th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). The business had revenue of $75.83 million during the quarter, compared to analyst estimates of $74.20 million. AMERISAFE had a net margin of 18.46% and a return on equity of 16.38%. During the same period in the prior year, the firm earned $0.73 earnings per share. Analysts anticipate that AMERISAFE, Inc. will post 2.4 EPS for the current year.

AMERISAFE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Friday, September 6th. AMERISAFE’s dividend payout ratio (DPR) is currently 46.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price target on shares of AMERISAFE in a research report on Tuesday, July 30th. StockNews.com raised AMERISAFE from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

About AMERISAFE

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.