Envestnet Asset Management Inc. raised its holdings in Amerisafe, Inc. (NASDAQ:AMSF) by 15.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,102 shares of the insurance provider’s stock after acquiring an additional 3,148 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of Amerisafe worth $1,473,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Ceredex Value Advisors LLC purchased a new position in shares of Amerisafe during the 1st quarter valued at about $11,696,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Amerisafe by 2,030.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 103,665 shares of the insurance provider’s stock valued at $6,158,000 after buying an additional 98,799 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Amerisafe by 648.5% during the 1st quarter. First Trust Advisors LP now owns 56,201 shares of the insurance provider’s stock valued at $3,338,000 after buying an additional 48,693 shares in the last quarter. Copeland Capital Management LLC raised its holdings in shares of Amerisafe by 20.1% during the 2nd quarter. Copeland Capital Management LLC now owns 254,519 shares of the insurance provider’s stock valued at $16,231,000 after buying an additional 42,661 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of Amerisafe by 12.7% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 316,803 shares of the insurance provider’s stock valued at $20,203,000 after buying an additional 35,703 shares in the last quarter.
Shares of NASDAQ AMSF opened at $67.86 on Wednesday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 17.66 and a beta of 0.46. Amerisafe, Inc. has a 1-year low of $50.46 and a 1-year high of $69.97. The stock’s 50-day moving average is $66.84 and its 200 day moving average is $62.27.
Amerisafe (NASDAQ:AMSF) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.13. The company had revenue of $91.19 million for the quarter, compared to analysts’ expectations of $92.22 million. Amerisafe had a return on equity of 17.23% and a net margin of 20.20%. As a group, sell-side analysts anticipate that Amerisafe, Inc. will post 3.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.00 annualized dividend and a yield of 1.47%. Amerisafe’s payout ratio is 25.91%.
AMSF has been the topic of a number of research reports. BidaskClub raised Amerisafe from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. B. Riley set a $75.00 price objective on Amerisafe and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, ValuEngine cut Amerisafe from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $73.00.
AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. Its workers’ compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.
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