AMERISAFE, Inc. (NASDAQ:AMSF) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 53.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,079 shares of the insurance provider’s stock after selling 1,253 shares during the quarter. Federated Hermes Inc.’s holdings in AMERISAFE were worth $50,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Gladius Capital Management LP acquired a new stake in AMERISAFE in the third quarter valued at $34,000. Values First Advisors Inc. raised its stake in shares of AMERISAFE by 16.8% during the 4th quarter. Values First Advisors Inc. now owns 4,782 shares of the insurance provider’s stock worth $224,000 after buying an additional 689 shares during the last quarter. Diversified Trust Co raised its stake in shares of AMERISAFE by 35.6% during the 4th quarter. Diversified Trust Co now owns 5,569 shares of the insurance provider’s stock worth $261,000 after buying an additional 1,463 shares during the last quarter. Advisor Partners II LLC acquired a new position in shares of AMERISAFE during the 3rd quarter worth $270,000. Finally, Inspire Investing LLC raised its stake in shares of AMERISAFE by 4.9% during the 3rd quarter. Inspire Investing LLC now owns 6,178 shares of the insurance provider’s stock worth $309,000 after buying an additional 287 shares during the last quarter. 97.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. TheStreet raised AMERISAFE from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. StockNews.com cut AMERISAFE from a “hold” rating to a “sell” rating in a research report on Monday. Finally, JMP Securities restated a “market outperform” rating and issued a $65.00 price target on shares of AMERISAFE in a report on Monday, April 15th.

AMERISAFE Price Performance

AMSF opened at $47.53 on Tuesday. AMERISAFE, Inc. has a 12 month low of $44.61 and a 12 month high of $56.84. The stock has a market capitalization of $909.72 million, a price-to-earnings ratio of 14.81 and a beta of 0.35. The business has a 50-day moving average of $49.66 and a two-hundred day moving average of $49.25.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Thursday, April 25th. The insurance provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. AMERISAFE had a return on equity of 16.76% and a net margin of 19.97%. The company had revenue of $80.49 million during the quarter, compared to analysts’ expectations of $75.22 million. During the same period in the prior year, the business posted $0.83 EPS. Equities research analysts anticipate that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 14th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Friday, June 14th. AMERISAFE’s dividend payout ratio (DPR) is presently 46.11%.

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.