Boston Partners Sells 11,524 Shares of Amerisafe, Inc. (AMSF)
Boston Partners cut its stake in Amerisafe, Inc. (NASDAQ:AMSF) by 13.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,827 shares of the insurance provider’s stock after selling 11,524 shares during the quarter. Boston Partners owned about 0.39% of Amerisafe worth $4,379,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Amerisafe by 25.0% during the first quarter. Victory Capital Management Inc. now owns 945,825 shares of the insurance provider’s stock valued at $52,257,000 after buying an additional 189,010 shares during the period. American Century Companies Inc. boosted its stake in Amerisafe by 27.1% during the first quarter. American Century Companies Inc. now owns 496,780 shares of the insurance provider’s stock valued at $27,447,000 after buying an additional 105,901 shares during the period. BlackRock Inc. boosted its stake in Amerisafe by 1.9% during the first quarter. BlackRock Inc. now owns 2,418,404 shares of the insurance provider’s stock valued at $133,616,000 after buying an additional 46,079 shares during the period. Dimensional Fund Advisors LP boosted its stake in Amerisafe by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 979,853 shares of the insurance provider’s stock valued at $54,137,000 after buying an additional 31,812 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in Amerisafe during the first quarter valued at $1,407,000.
Shares of AMSF stock opened at $63.90 on Monday. Amerisafe, Inc. has a 12-month low of $51.55 and a 12-month high of $67.82. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 20.75 and a beta of 0.79.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, September 6th. Amerisafe’s dividend payout ratio (DPR) is currently 28.57%.
In other Amerisafe news, CEO G. Janelle Frost sold 685 shares of Amerisafe stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $60.10, for a total transaction of $41,168.50. Following the completion of the sale, the chief executive officer now owns 61,911 shares of the company’s stock, valued at $3,720,851.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.
AMSF has been the subject of several research analyst reports. TheStreet raised Amerisafe from a “c+” rating to a “b” rating in a research note on Thursday, April 26th. BidaskClub raised Amerisafe from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. ValuEngine raised Amerisafe from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a research note on Thursday, August 2nd. Finally, Keefe, Bruyette & Woods set a $61.00 price objective on Amerisafe and gave the company a “hold” rating in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $65.50.
Amerisafe Company Profile
AMERISAFE, Inc, an insurance holding company, provides 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 serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.
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