Charles Schwab Investment Management Inc. Grows Stock Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

Charles Schwab Investment Management Inc. raised its position in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 661,795 shares of the insurance provider's stock after acquiring an additional 21,799 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 3.47% of AMERISAFE worth $34,109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in AMERISAFE by 63.4% in the fourth quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider's stock valued at $69,000 after purchasing an additional 521 shares during the last quarter. R Squared Ltd acquired a new position in shares of AMERISAFE in the 4th quarter valued at $99,000. Versor Investments LP purchased a new position in shares of AMERISAFE in the 4th quarter valued at $205,000. Virtu Financial LLC acquired a new stake in AMERISAFE during the 3rd quarter worth $200,000. Finally, Values First Advisors Inc. lifted its position in AMERISAFE by 8.2% in the fourth quarter. Values First Advisors Inc. now owns 5,350 shares of the insurance provider's stock valued at $276,000 after acquiring an additional 404 shares during the last quarter. Institutional investors and hedge funds own 97.41% of the company's stock.

AMERISAFE Stock Performance

Shares of AMSF stock traded up $0.22 during mid-day trading on Thursday, hitting $51.32. 43,831 shares of the stock were exchanged, compared to its average volume of 105,874. The stock's fifty day simple moving average is $50.46 and its two-hundred day simple moving average is $51.89. AMERISAFE, Inc. has a 12-month low of $41.97 and a 12-month high of $60.24. The stock has a market capitalization of $977.65 million, a price-to-earnings ratio of 16.05 and a beta of 0.33.

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AMERISAFE (NASDAQ:AMSF - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.07. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The firm had revenue of $73.51 million for the quarter, compared to the consensus estimate of $77.37 million. On average, research analysts expect that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Cuts Dividend

The firm also recently announced 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 is Friday, March 7th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.04%. AMERISAFE's payout ratio is 53.98%.

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.