Amalgamated Bank Sells 186 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Amalgamated Bank lessened its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 3.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,646 shares of the insurance provider’s stock after selling 186 shares during the period. Amalgamated Bank’s holdings in AMERISAFE were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMSF. Diversified Trust Co increased its position in shares of AMERISAFE by 3.8% during the third quarter. Diversified Trust Co now owns 8,916 shares of the insurance provider’s stock worth $431,000 after purchasing an additional 325 shares in the last quarter. EntryPoint Capital LLC increased its position in AMERISAFE by 22.0% during the 1st quarter. EntryPoint Capital LLC now owns 2,082 shares of the insurance provider’s stock valued at $104,000 after buying an additional 376 shares in the last quarter. GAMMA Investing LLC increased its position in AMERISAFE by 97.1% during the 3rd quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock valued at $40,000 after buying an additional 405 shares in the last quarter. Inspire Investing LLC raised its stake in AMERISAFE by 5.7% in the third quarter. Inspire Investing LLC now owns 8,503 shares of the insurance provider’s stock valued at $411,000 after buying an additional 461 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in AMERISAFE in the third quarter worth about $28,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMSF. StockNews.com upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Truist Financial raised their price target on shares of AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, JMP Securities reissued a “market outperform” rating and set a $65.00 price objective on shares of AMERISAFE in a report on Tuesday, October 15th.

AMERISAFE Stock Down 0.0 %

Shares of NASDAQ AMSF opened at $58.28 on Monday. AMERISAFE, Inc. has a 52 week low of $41.97 and a 52 week high of $60.24. The business’s 50 day moving average price is $51.62 and its 200 day moving average price is $47.99. The firm has a market cap of $1.11 billion, a P/E ratio of 18.21 and a beta of 0.33.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings data 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 business 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. As a group, research analysts expect that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be issued a $3.37 dividend. This represents a $13.48 annualized dividend and a dividend yield of 23.13%. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from AMERISAFE’s previous quarterly dividend of $0.37. AMERISAFE’s payout ratio is 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.