AMERISAFE, Inc. (NASDAQ:AMSF) Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 2.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 639,996 shares of the insurance provider’s stock after buying an additional 14,104 shares during the period. Charles Schwab Investment Management Inc.’s holdings in AMERISAFE were worth $30,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. bought a new position in shares of AMERISAFE in the third quarter valued at approximately $28,000. Quarry LP boosted its holdings in shares of AMERISAFE by 1,028.4% in the second quarter. Quarry LP now owns 756 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 689 shares in the last quarter. Isthmus Partners LLC boosted its holdings in shares of AMERISAFE by 14.4% in the second quarter. Isthmus Partners LLC now owns 76,870 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 9,672 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of AMERISAFE by 97.1% in the third quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 405 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of AMERISAFE in the second quarter valued at approximately $100,000. Institutional investors own 97.41% of the company’s stock.

AMERISAFE Stock Performance

Shares of NASDAQ:AMSF opened at $58.28 on Wednesday. The company has a market cap of $1.11 billion, a PE ratio of 18.21 and a beta of 0.33. AMERISAFE, Inc. has a 52 week low of $41.97 and a 52 week high of $60.24. The firm has a 50 day simple moving average of $54.03 and a 200 day simple moving average of $48.96.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $78.70 million during the quarter, compared to the consensus estimate of $75.38 million. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. During the same quarter in the prior year, the firm earned $0.61 EPS. On average, equities analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 6th will be given a $3.37 dividend. This is an increase from AMERISAFE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, December 6th. This represents a $13.48 dividend on an annualized basis and a yield of 23.13%. AMERISAFE’s dividend payout ratio is presently 46.25%.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMSF shares. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of AMERISAFE in a report on Tuesday, October 15th. StockNews.com raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Truist Financial increased their target price on shares of AMERISAFE from $48.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th.

About AMERISAFE

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.