Isthmus Partners LLC Sells 13,260 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Isthmus Partners LLC decreased its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 17.2% in the third quarter, Holdings Channel.com reports. The firm owned 63,610 shares of the insurance provider’s stock after selling 13,260 shares during the period. Isthmus Partners LLC’s holdings in AMERISAFE were worth $3,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMSF. Vanguard Group Inc. increased its position in shares of AMERISAFE by 8.5% during the first quarter. Vanguard Group Inc. now owns 1,472,739 shares of the insurance provider’s stock valued at $73,887,000 after acquiring an additional 115,676 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of AMERISAFE by 13.5% during the second quarter. Westwood Holdings Group Inc. now owns 701,806 shares of the insurance provider’s stock valued at $30,802,000 after acquiring an additional 83,438 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of AMERISAFE by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 639,996 shares of the insurance provider’s stock valued at $30,931,000 after acquiring an additional 14,104 shares in the last quarter. M&G PLC increased its position in shares of AMERISAFE by 1.9% during the third quarter. M&G PLC now owns 461,070 shares of the insurance provider’s stock valued at $22,131,000 after acquiring an additional 8,378 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in shares of AMERISAFE by 5.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 315,409 shares of the insurance provider’s stock valued at $13,843,000 after acquiring an additional 15,196 shares in the last quarter. Institutional investors own 97.41% of the company’s stock.

Analyst Ratings Changes

AMSF has been the subject of several analyst reports. JMP Securities reissued a “market outperform” rating and set a $65.00 price target on shares of AMERISAFE in a research report on Tuesday, October 15th. StockNews.com raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Truist Financial raised their target price on shares of AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th.

AMERISAFE Trading Down 0.0 %

Shares of AMSF stock opened at $58.75 on Friday. AMERISAFE, Inc. has a 12-month low of $41.97 and a 12-month high of $60.24. The firm’s 50 day moving average is $53.39 and its 200 day moving average is $48.68. The stock has a market capitalization of $1.12 billion, a P/E ratio of 18.36 and a beta of 0.33.

AMERISAFE (NASDAQ:AMSF) last issued its earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $75.38 million. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. During the same quarter last year, the company posted $0.61 earnings per share. As a group, equities analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be paid a dividend of $3.37 per share. This represents a $13.48 annualized dividend and a dividend yield of 22.94%. The ex-dividend date of this dividend is Friday, December 6th. This is a boost from AMERISAFE’s previous quarterly dividend of $0.37. AMERISAFE’s dividend payout ratio (DPR) is currently 46.25%.

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.