Champlain Investment Partners LLC trimmed its holdings in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 4.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 916,273 shares of the insurance provider's stock after selling 46,033 shares during the quarter. Champlain Investment Partners LLC owned 4.81% of AMERISAFE worth $44,283,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. raised its holdings in AMERISAFE by 2.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 186,898 shares of the insurance provider's stock valued at $9,033,000 after buying an additional 4,129 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in AMERISAFE by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,996 shares of the insurance provider's stock valued at $30,931,000 after buying an additional 14,104 shares during the last quarter. Foundry Partners LLC raised its holdings in AMERISAFE by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 70,160 shares of the insurance provider's stock valued at $3,391,000 after buying an additional 670 shares during the last quarter. Intech Investment Management LLC raised its holdings in AMERISAFE by 12.6% during the 3rd quarter. Intech Investment Management LLC now owns 15,167 shares of the insurance provider's stock valued at $733,000 after buying an additional 1,698 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in AMERISAFE by 14.4% during the 3rd quarter. Quest Partners LLC now owns 17,178 shares of the insurance provider's stock valued at $830,000 after buying an additional 2,161 shares during the last quarter. 97.41% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
AMSF has been the subject of a number of recent analyst reports. Truist Financial upped their price target on shares of AMERISAFE from $48.00 to $54.00 and gave the company a "hold" rating in a report on Friday, October 25th. StockNews.com raised shares of AMERISAFE from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Finally, JMP Securities reissued a "market outperform" rating and set a $65.00 price objective on shares of AMERISAFE in a research report on Tuesday, October 15th.
Get Our Latest Stock Analysis on AMERISAFE
AMERISAFE Price Performance
AMERISAFE stock traded up $0.62 during mid-day trading on Friday, reaching $58.69. 70,172 shares of the company traded hands, compared to its average volume of 104,190. The firm's 50 day moving average price is $52.62 and its 200 day moving average price is $48.37. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.34 and a beta of 0.33. AMERISAFE, Inc. has a 52-week low of $41.97 and a 52-week high of $60.24.
AMERISAFE (NASDAQ:AMSF - Get Free Report) last released its earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. The firm had revenue of $78.70 million for the quarter, compared to the consensus estimate of $75.38 million. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. During the same period in the prior year, the firm earned $0.61 EPS. On average, sell-side analysts anticipate that AMERISAFE, Inc. will post 2.45 EPS for the current year.
AMERISAFE Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be given a $3.37 dividend. The ex-dividend date is Friday, December 6th. This is an increase from AMERISAFE's previous quarterly dividend of $0.37. This represents a $13.48 dividend on an annualized basis and a dividend yield of 22.97%. AMERISAFE's dividend payout ratio is currently 46.25%.
About AMERISAFE
(
Free Report)
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.
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