Intech Investment Management LLC Boosts Stake in AMERISAFE, Inc. (NASDAQ:AMSF)

Intech Investment Management LLC increased its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 25.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,973 shares of the insurance provider’s stock after buying an additional 3,806 shares during the period. Intech Investment Management LLC owned 0.10% of AMERISAFE worth $978,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of AMERISAFE by 63.4% in the fourth quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider’s stock worth $69,000 after buying an additional 521 shares in the last quarter. R Squared Ltd purchased a new stake in shares of AMERISAFE in the fourth quarter worth about $99,000. Versor Investments LP purchased a new stake in shares of AMERISAFE in the fourth quarter worth about $205,000. Corient Private Wealth LLC purchased a new stake in AMERISAFE during the fourth quarter valued at approximately $207,000. Finally, Virtu Financial LLC bought a new stake in shares of AMERISAFE in the 3rd quarter valued at approximately $200,000. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

AMERISAFE Price Performance

NASDAQ:AMSF opened at $51.72 on Friday. The firm has a market capitalization of $985.27 million, a price-to-earnings ratio of 16.16 and a beta of 0.33. AMERISAFE, Inc. has a 1 year low of $41.97 and a 1 year high of $60.24. The business has a 50 day simple moving average of $50.56 and a 200-day simple moving average of $51.91.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings data on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. The business had revenue of $73.51 million during the quarter, compared to analyst estimates of $77.37 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. As a group, analysts expect that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, March 7th. AMERISAFE’s payout ratio is 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.