AMERISAFE, Inc. (NASDAQ:AMSF) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 14.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,380 shares of the insurance provider’s stock after selling 718 shares during the quarter. Stifel Financial Corp’s holdings in AMERISAFE were worth $212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMSF. Bank of New York Mellon Corp lifted its position in AMERISAFE by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 283,307 shares of the insurance provider’s stock worth $12,434,000 after buying an additional 3,719 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AMERISAFE by 37.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,413 shares of the insurance provider’s stock worth $281,000 after acquiring an additional 1,739 shares during the last quarter. Isthmus Partners LLC raised its holdings in shares of AMERISAFE by 14.4% during the 2nd quarter. Isthmus Partners LLC now owns 76,870 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 9,672 shares during the period. Quest Partners LLC boosted its position in shares of AMERISAFE by 66.9% during the 2nd quarter. Quest Partners LLC now owns 15,017 shares of the insurance provider’s stock valued at $659,000 after acquiring an additional 6,020 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in shares of AMERISAFE by 65.8% in the second quarter. Texas Permanent School Fund Corp now owns 27,817 shares of the insurance provider’s stock valued at $1,221,000 after purchasing an additional 11,040 shares during the period. 97.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMSF. Truist Financial lifted their target price on shares of AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price target on shares of AMERISAFE in a research report on Tuesday, October 15th.

AMERISAFE Trading Down 1.0 %

Shares of NASDAQ:AMSF opened at $51.63 on Monday. The business has a 50-day moving average price of $55.60 and a 200 day moving average price of $50.18. AMERISAFE, Inc. has a 12-month low of $41.97 and a 12-month high of $60.24. The company has a market capitalization of $983.55 million, a price-to-earnings ratio of 16.13 and a beta of 0.33.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the firm earned $0.61 EPS. As a group, equities research analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 6th were paid a $3.37 dividend. The ex-dividend date was Friday, December 6th. This is a boost from AMERISAFE’s previous quarterly dividend of $0.37. This represents a $13.48 dividend on an annualized basis and a dividend yield of 26.11%. AMERISAFE’s payout ratio is presently 46.25%.

AMERISAFE 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.