Boston Partners Cuts Stake in AMERISAFE, Inc. (AMSF)
Boston Partners lowered its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,351 shares of the insurance provider’s stock after selling 5,628 shares during the period. Boston Partners’ holdings in AMERISAFE were worth $4,826,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Swiss National Bank boosted its position in AMERISAFE by 3.8% during the fourth quarter. Swiss National Bank now owns 32,800 shares of the insurance provider’s stock valued at $2,020,000 after purchasing an additional 1,200 shares in the last quarter. Aperio Group LLC boosted its position in AMERISAFE by 16.7% during the fourth quarter. Aperio Group LLC now owns 8,980 shares of the insurance provider’s stock valued at $553,000 after purchasing an additional 1,288 shares in the last quarter. Geode Capital Management LLC boosted its position in AMERISAFE by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 169,954 shares of the insurance provider’s stock valued at $10,469,000 after purchasing an additional 1,639 shares in the last quarter. Elkfork Partners LLC bought a new stake in AMERISAFE during the fourth quarter valued at about $162,000. Finally, Smith Graham & Co. Investment Advisors LP boosted its position in AMERISAFE by 2.0% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 167,049 shares of the insurance provider’s stock valued at $10,290,000 after purchasing an additional 3,230 shares in the last quarter.
Shares of AMSF stock opened at $60.05 on Thursday. AMERISAFE, Inc. has a 1-year low of $59.20 and a 1-year high of $60.25. The stock has a market cap of $1.13 billion, a P/E ratio of 19.50 and a beta of 0.84.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, June 7th. AMERISAFE’s dividend payout ratio is presently 28.57%.
A number of equities research analysts recently weighed in on AMSF shares. Keefe, Bruyette & Woods started coverage on AMERISAFE in a research report on Thursday, April 5th. They set a “market perform” rating and a $54.00 price objective on the stock. BidaskClub raised AMERISAFE from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th. TheStreet downgraded AMERISAFE from a “b” rating to a “c+” rating in a research report on Thursday, March 22nd. Boenning Scattergood reaffirmed a “hold” rating on shares of AMERISAFE in a research report on Thursday, April 26th. Finally, ValuEngine raised AMERISAFE from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. AMERISAFE has a consensus rating of “Hold” and an average price target of $62.67.
In other AMERISAFE news, EVP Vincent J. Gagliano sold 820 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $55.22, for a total value of $45,280.40. Following the completion of the sale, the executive vice president now owns 16,680 shares of the company’s stock, valued at $921,069.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO G. Janelle Frost sold 7,500 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $55.53, for a total value of $416,475.00. Following the completion of the sale, the chief executive officer now directly owns 69,322 shares of the company’s stock, valued at approximately $3,849,450.66. The disclosure for this sale can be found here. In the last three months, insiders sold 10,432 shares of company stock valued at $578,872. Corporate insiders own 2.20% of the company’s stock.
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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