Victory Capital Management Inc. Has $22.70 Million Stake in AMERISAFE, Inc. (NASDAQ:AMSF)

Victory Capital Management Inc. lessened its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 52.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469,705 shares of the insurance provider's stock after selling 526,100 shares during the quarter. Victory Capital Management Inc. owned 2.47% of AMERISAFE worth $22,701,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its holdings in shares of AMERISAFE by 5.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 315,409 shares of the insurance provider's stock worth $13,843,000 after buying an additional 15,196 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in AMERISAFE during the 1st quarter valued at $821,000. Assenagon Asset Management S.A. raised its position in AMERISAFE by 90.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 66,957 shares of the insurance provider's stock valued at $2,939,000 after purchasing an additional 31,829 shares during the last quarter. EntryPoint Capital LLC boosted its stake in AMERISAFE by 22.0% in the first quarter. EntryPoint Capital LLC now owns 2,082 shares of the insurance provider's stock worth $104,000 after purchasing an additional 376 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of AMERISAFE during the second quarter worth $591,000. Institutional investors and hedge funds own 97.41% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on AMSF shares. StockNews.com raised AMERISAFE from a "sell" rating to a "hold" rating in a research note on Thursday, August 8th. JMP Securities reaffirmed a "market outperform" rating and set a $65.00 target price on shares of AMERISAFE in a report on Tuesday, October 15th. Finally, Truist Financial increased their price target on AMERISAFE from $48.00 to $54.00 and gave the company a "hold" rating in a research note on Friday, October 25th.

AMERISAFE Trading Up 0.1 %

Shares of AMSF stock traded up $0.05 on Tuesday, reaching $58.01. The company had a trading volume of 75,877 shares, compared to its average volume of 123,646. The stock has a market cap of $1.11 billion, a PE ratio of 17.89 and a beta of 0.33. The company has a 50-day moving average of $51.82 and a 200-day moving average of $48.07. AMERISAFE, Inc. has a 12 month low of $41.97 and a 12 month high of $60.24.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $78.70 million during 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 quarter in the prior year, the firm earned $0.61 earnings per share. Sell-side analysts anticipate that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 6th will be issued a dividend of $3.37 per share. The ex-dividend date is Friday, December 6th. This is a positive change from AMERISAFE's previous quarterly dividend of $0.37. This represents a $13.48 annualized dividend and a yield of 23.24%. AMERISAFE's payout ratio is currently 46.25%.

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.