Boston Partners Lowers Position in AMERISAFE, Inc. (NASDAQ:AMSF)

Boston Partners lessened its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,662 shares of the insurance provider’s stock after selling 499 shares during the quarter. Boston Partners’ holdings in AMERISAFE were worth $1,941,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AMSF. GAMMA Investing LLC lifted its position in AMERISAFE by 63.4% during 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 bought a new stake in shares of AMERISAFE during the 4th quarter worth $99,000. Virtu Financial LLC bought a new stake in shares of AMERISAFE during the 3rd quarter worth $200,000. Versor Investments LP purchased a new position in AMERISAFE in the fourth quarter worth $205,000. Finally, Corient Private Wealth LLC bought a new position in AMERISAFE in the fourth quarter valued at $207,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.

AMERISAFE Stock Up 0.4 %

Shares of AMSF stock opened at $51.72 on Friday. The business has a 50-day moving average price of $50.56 and a two-hundred day moving average price of $51.90. AMERISAFE, Inc. has a 12-month low of $41.97 and a 12-month high of $60.24. The firm has a market cap of $985.27 million, a P/E ratio of 16.16 and a beta of 0.33.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share 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 company had revenue of $73.51 million during the quarter, compared to the consensus estimate of $77.37 million. As a group, research analysts expect that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, March 7th. AMERISAFE’s dividend payout ratio is currently 53.98%.

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.