Schwab Charles Investment Management Inc. Increases Position in AMERISAFE, Inc. (NASDAQ:AMSF)
Schwab Charles Investment Management Inc. boosted its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,901 shares of the insurance provider’s stock after buying an additional 4,263 shares during the period. Schwab Charles Investment Management Inc. owned about 0.42% of AMERISAFE worth $5,186,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its stake in AMERISAFE by 90,634.5% in the first quarter. BlackRock Inc. now owns 2,254,752 shares of the insurance provider’s stock worth $146,333,000 after buying an additional 2,252,267 shares during the last quarter. Citadel Advisors LLC bought a new stake in AMERISAFE during the first quarter worth about $208,000. Dimensional Fund Advisors LP raised its stake in AMERISAFE by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 939,594 shares of the insurance provider’s stock worth $60,979,000 after buying an additional 9,600 shares during the last quarter. Geode Capital Management LLC raised its stake in AMERISAFE by 3.9% in the first quarter. Geode Capital Management LLC now owns 153,315 shares of the insurance provider’s stock worth $9,950,000 after buying an additional 5,752 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in AMERISAFE by 6.7% in the first quarter. Vanguard Group Inc. now owns 1,009,198 shares of the insurance provider’s stock worth $65,497,000 after buying an additional 63,165 shares during the last quarter. Hedge funds and other institutional investors own 99.73% of the company’s stock.
AMERISAFE, Inc. (AMSF) traded up 0.26% during trading on Tuesday, hitting $56.85. The stock had a trading volume of 4,242 shares. The company has a 50-day moving average of $56.52 and a 200 day moving average of $59.85. The firm has a market cap of $1.09 billion, a P/E ratio of 16.57 and a beta of 0.87. AMERISAFE, Inc. has a 52-week low of $51.20 and a 52-week high of $69.40.
AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Thursday, July 27th. The insurance provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. AMERISAFE had a return on equity of 14.04% and a net margin of 17.17%. The firm had revenue of $89.93 million for the quarter, compared to analysts’ expectations of $92.33 million. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue was down 7.8% compared to the same quarter last year. On average, equities research analysts predict that AMERISAFE, Inc. will post $3.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.41%. AMERISAFE’s dividend payout ratio (DPR) is 23.32%.
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A number of analysts recently issued reports on the company. Zacks Investment Research upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. BidaskClub upgraded AMERISAFE from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, FBR & Co reiterated an “outperform” rating and set a $64.00 price objective (down from $71.00) on shares of AMERISAFE in a research note on Wednesday, May 10th.
In other news, Director Millard E. Morris bought 2,000 shares of AMERISAFE stock in a transaction dated Friday, May 26th. The shares were purchased at an average cost of $52.15 per share, with a total value of $104,300.00. Following the completion of the acquisition, the director now owns 10,336 shares of the company’s stock, valued at approximately $539,022.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jared A. Morris bought 2,500 shares of AMERISAFE stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average cost of $50.82 per share, for a total transaction of $127,050.00. Following the completion of the acquisition, the director now directly owns 12,390 shares of the company’s stock, valued at approximately $629,659.80. The disclosure for this purchase can be found here. Insiders bought 6,054 shares of company stock worth $311,443 over the last ninety days. Insiders own 2.20% of the company’s stock.
AMERISAFE Company Profile
Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.
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