Charles Schwab Investment Management Inc. Buys 21,799 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Charles Schwab Investment Management Inc. raised its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 661,795 shares of the insurance provider’s stock after purchasing an additional 21,799 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.47% of AMERISAFE worth $34,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AMSF. State Street Corp lifted its position in AMERISAFE by 8.5% during the third quarter. State Street Corp now owns 811,561 shares of the insurance provider’s stock valued at $39,223,000 after purchasing an additional 63,638 shares during the last quarter. Barclays PLC lifted its position in AMERISAFE by 365.6% during the third quarter. Barclays PLC now owns 33,219 shares of the insurance provider’s stock valued at $1,605,000 after purchasing an additional 26,084 shares during the last quarter. Jane Street Group LLC lifted its position in AMERISAFE by 70.6% during the third quarter. Jane Street Group LLC now owns 41,299 shares of the insurance provider’s stock valued at $1,996,000 after purchasing an additional 17,084 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in AMERISAFE by 75.8% during the third quarter. Thrivent Financial for Lutherans now owns 27,904 shares of the insurance provider’s stock valued at $1,348,000 after purchasing an additional 12,027 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of AMERISAFE by 123.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 13,186 shares of the insurance provider’s stock worth $637,000 after acquiring an additional 7,283 shares during the last quarter. 97.41% of the stock is currently owned by institutional investors.

AMERISAFE Stock Performance

Shares of AMSF opened at $51.20 on Monday. The firm has a market cap of $975.36 million, a price-to-earnings ratio of 16.00 and a beta of 0.33. AMERISAFE, Inc. has a fifty-two week low of $41.97 and a fifty-two week high of $60.24. The firm has a 50 day moving average price of $50.36 and a 200-day moving average price of $51.88.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The firm had revenue of $73.51 million during the quarter, compared to analyst estimates of $77.37 million. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. As a group, equities research analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.05%. AMERISAFE’s payout ratio is 53.98%.

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.