AE Wealth Management LLC Sells 834 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

AE Wealth Management LLC reduced its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 10.2% in the 1st quarter, Holdings Channel reports. The firm owned 7,308 shares of the insurance provider’s stock after selling 834 shares during the quarter. AE Wealth Management LLC’s holdings in AMERISAFE were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of AMERISAFE during the 1st quarter valued at about $509,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of AMERISAFE by 12.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,524 shares of the insurance provider’s stock valued at $818,000 after purchasing an additional 1,731 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of AMERISAFE by 52.0% in the 4th quarter. Deutsche Bank AG now owns 18,610 shares of the insurance provider’s stock worth $959,000 after purchasing an additional 6,366 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in AMERISAFE by 92.1% during the 4th quarter. Nuveen Asset Management LLC now owns 161,815 shares of the insurance provider’s stock valued at $8,340,000 after purchasing an additional 77,582 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in AMERISAFE in the fourth quarter valued at about $359,000. Institutional investors and hedge funds own 97.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JMP Securities reissued a “market outperform” rating and set a $65.00 price target on shares of AMERISAFE in a research note on Wednesday, April 30th. Truist Financial dropped their price target on shares of AMERISAFE from $54.00 to $50.00 and set a “hold” rating for the company in a research note on Monday. Finally, Wall Street Zen raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th.

AMERISAFE Stock Performance

AMSF stock opened at $45.13 on Thursday. The company has a market capitalization of $857.02 million, a P/E ratio of 17.09 and a beta of 0.40. AMERISAFE, Inc. has a 52-week low of $42.48 and a 52-week high of $60.24. The company has a fifty day moving average price of $44.89 and a 200-day moving average price of $48.14.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The company had revenue of $79.70 million during the quarter, compared to analysts’ expectations of $77.30 million. AMERISAFE had a net margin of 16.46% and a return on equity of 16.54%. As a group, sell-side analysts forecast that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Friday, September 12th. AMERISAFE’s dividend payout ratio (DPR) is presently 59.09%.

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.