GW&K Investment Management LLC Sells 5,701 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

GW&K Investment Management LLC trimmed its stake in AMERISAFE, Inc. (NASDAQ:AMSFGet Rating) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 436,223 shares of the insurance provider’s stock after selling 5,701 shares during the period. GW&K Investment Management LLC owned 2.28% of AMERISAFE worth $22,670,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AMSF. Point72 Hong Kong Ltd acquired a new position in AMERISAFE during the 2nd quarter valued at about $35,000. Quadrant Capital Group LLC increased its position in AMERISAFE by 256.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 824 shares of the insurance provider’s stock valued at $39,000 after buying an additional 593 shares in the last quarter. UBS Group AG increased its position in AMERISAFE by 248.5% during the 3rd quarter. UBS Group AG now owns 1,150 shares of the insurance provider’s stock valued at $54,000 after buying an additional 820 shares in the last quarter. Captrust Financial Advisors increased its position in AMERISAFE by 30.9% during the 1st quarter. Captrust Financial Advisors now owns 2,671 shares of the insurance provider’s stock valued at $133,000 after buying an additional 631 shares in the last quarter. Finally, IFP Advisors Inc increased its position in AMERISAFE by 20.5% during the 3rd quarter. IFP Advisors Inc now owns 2,296 shares of the insurance provider’s stock valued at $139,000 after buying an additional 390 shares in the last quarter. 97.54% of the stock is owned by institutional investors.

AMERISAFE Stock Performance

Shares of AMSF stock opened at $51.75 on Friday. The stock’s 50-day simple moving average is $52.61 and its 200-day simple moving average is $53.18. The firm has a market capitalization of $991.01 million, a PE ratio of 17.91 and a beta of 0.33. AMERISAFE, Inc. has a fifty-two week low of $44.72 and a fifty-two week high of $60.49.

AMERISAFE (NASDAQ:AMSFGet Rating) last issued its earnings results on Tuesday, February 21st. The insurance provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.19. AMERISAFE had a return on equity of 16.87% and a net margin of 18.68%. The firm had revenue of $79.76 million for the quarter, compared to the consensus estimate of $73.59 million. Sell-side analysts forecast that AMERISAFE, Inc. will post 2.9 earnings per share for the current year.

AMERISAFE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 16th will be paid a $0.34 dividend. The ex-dividend date is Thursday, June 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.63%. AMERISAFE’s payout ratio is 47.06%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AMSF shares. Janney Montgomery Scott started coverage on AMERISAFE in a research report on Friday, February 24th. They set a “neutral” rating and a $58.00 target price on the stock. TheStreet lowered AMERISAFE from a “b-” rating to a “c” rating in a report on Wednesday, April 26th. Finally, StockNews.com initiated coverage on AMERISAFE in a report on Thursday, May 18th. They issued a “hold” rating on the stock.

AMERISAFE Profile

(Get Rating)

AMERISAFE, Inc engages the provision of workers’ compensation insurance focused on small to mid-sized employers. The firm covers the construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime industries. The company was founded by Millard E. Morris in 1985 and is headquartered in DeRidder, LA.

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Institutional Ownership by Quarter for AMERISAFE (NASDAQ:AMSF)

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