Charles Schwab Investment Management Inc. increased its position in AMERISAFE, Inc. (NASDAQ:AMSF – Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 661,795 shares of the insurance provider’s stock after buying an additional 21,799 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in AMERISAFE were worth $34,109,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Versor Investments LP purchased a new position in shares of AMERISAFE in the fourth quarter worth $205,000. Illinois Municipal Retirement Fund increased its stake in shares of AMERISAFE by 4.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 10,904 shares of the insurance provider’s stock worth $562,000 after buying an additional 428 shares during the period. New York State Common Retirement Fund increased its stake in shares of AMERISAFE by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 94,556 shares of the insurance provider’s stock worth $4,873,000 after buying an additional 2,802 shares during the period. Principal Financial Group Inc. increased its stake in shares of AMERISAFE by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 92,636 shares of the insurance provider’s stock worth $4,774,000 after buying an additional 2,619 shares during the period. Finally, Values First Advisors Inc. increased its stake in shares of AMERISAFE by 8.2% in the fourth quarter. Values First Advisors Inc. now owns 5,350 shares of the insurance provider’s stock worth $276,000 after buying an additional 404 shares during the period. 97.41% of the stock is owned by hedge funds and other institutional investors.
AMERISAFE Trading Up 0.8 %
Shares of AMERISAFE stock opened at $51.20 on Monday. The company’s fifty day simple moving average is $50.36 and its two-hundred day simple moving average is $51.88. The company has a market cap of $975.36 million, a P/E ratio of 16.00 and a beta of 0.33. AMERISAFE, Inc. has a 12-month low of $41.97 and a 12-month high of $60.24.
AMERISAFE Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, March 7th. AMERISAFE’s payout ratio is currently 53.98%.
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.
Read More
- Five stocks we like better than AMERISAFE
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- How to Build the Ultimate Everything ETF Portfolio
- Overbought Stocks Explained: Should You Trade Them?
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- What is Short Interest? How to Use It
- 3 Stocks With High ROE and Market-Beating Growth Potential
Want to see what other hedge funds are holding AMSF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMERISAFE, Inc. (NASDAQ:AMSF – Free Report).
Receive News & Ratings for AMERISAFE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERISAFE and related companies with MarketBeat.com's FREE daily email newsletter.