American Century Companies Inc. Has $3.69 Million Stake in AMERISAFE, Inc. $AMSF

Key Points

• American Century Companies Inc. has reduced its stake in AMERISAFE, Inc. by 7.6%, selling 5,795 shares to hold a total of 70,282 shares valued at approximately $3.69 million.
• The company recently declared a quarterly dividend of $0.39 per share, which reflects an annualized yield of 3.4%, and the record date for this dividend is September 12th.
• AMERISAFE's stock has a current market capitalization of $876.96 million, with a 12-month high of $60.24 and a low of $42.48.

American Century Companies Inc. trimmed its position in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,282 shares of the insurance provider's stock after selling 5,795 shares during the period. American Century Companies Inc. owned approximately 0.37% of AMERISAFE worth $3,693,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in shares of AMERISAFE in the 4th quarter valued at approximately $43,000. PNC Financial Services Group Inc. raised its position in shares of AMERISAFE by 301.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,554 shares of the insurance provider's stock valued at $82,000 after acquiring an additional 1,167 shares during the period. GAMMA Investing LLC raised its position in shares of AMERISAFE by 19.1% in the 1st quarter. GAMMA Investing LLC now owns 1,600 shares of the insurance provider's stock valued at $84,000 after acquiring an additional 257 shares during the period. Aquatic Capital Management LLC raised its position in shares of AMERISAFE by 336.1% in the 4th quarter. Aquatic Capital Management LLC now owns 3,925 shares of the insurance provider's stock valued at $202,000 after acquiring an additional 3,025 shares during the period. Finally, R Squared Ltd raised its position in shares of AMERISAFE by 144.2% in the 1st quarter. R Squared Ltd now owns 4,696 shares of the insurance provider's stock valued at $247,000 after acquiring an additional 2,773 shares during the period. 97.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMSF. Truist Financial cut their price target on shares of AMERISAFE from $54.00 to $50.00 and set a "hold" rating on the stock in a research report on Monday, July 28th. Wall Street Zen upgraded shares of AMERISAFE from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $57.50.

Insider Buying and Selling

In other AMERISAFE news, CFO Anastasios Omiridis sold 1,343 shares of AMERISAFE stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $44.75, for a total transaction of $60,099.25. Following the completion of the transaction, the chief financial officer directly owned 2,253 shares of the company's stock, valued at $100,821.75. The trade was a 37.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.61% of the stock is currently owned by company insiders.

AMERISAFE Trading Up 1.7%

Shares of NASDAQ AMSF traded up $0.80 during midday trading on Thursday, reaching $46.90. The company's stock had a trading volume of 37,917 shares, compared to its average volume of 102,495. AMERISAFE, Inc. has a fifty-two week low of $42.48 and a fifty-two week high of $60.24. The stock has a market capitalization of $890.54 million, a price-to-earnings ratio of 17.76 and a beta of 0.38. The stock has a 50 day simple moving average of $44.94 and a 200-day simple moving average of $47.29.

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

AMERISAFE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, September 12th. AMERISAFE's payout ratio is 59.09%.

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.