Thu Sep 19 08:23:34 UTC 2024: ## Rhumbline Advisers Reduces Stake in AMERISAFE, Inc. While Other Institutional Investors Show Interest

**New York, NY –** Rhumbline Advisers, a well-known investment firm, reduced its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 14.1% during the second quarter, according to a recent filing with the Securities & Exchange Commission. Despite the reduction, several other institutional investors increased their holdings in the insurance provider.

Rhumbline Advisers now owns 57,567 shares of AMERISAFE, valued at $2,527,000. Conversely, Charles Schwab Investment Management, Isthmus Partners LLC, Eagle Asset Management, Public Employees Retirement Association of Colorado, and Westwood Holdings Group all expanded their positions in AMERISAFE during the fourth quarter.

AMERISAFE, an insurance holding company, specializes in workers’ compensation insurance across the US. The company offers coverage for various industries, including construction, trucking, and manufacturing.

Shares of AMERISAFE opened at $49.29 on Thursday. The company boasts a market capitalization of $943.16 million, a price-to-earnings ratio of 15.36, and a beta of 0.34.

AMERISAFE also declared a quarterly dividend of $0.37 per share, payable on September 20th to investors of record on September 6th. This represents a $1.48 annualized dividend, yielding 3.00%.

Several analysts have commented on AMERISAFE recently. JMP Securities reiterated a “market outperform” rating and assigned a $65.00 price target to the stock, while StockNews.com upgraded AMERISAFE from a “sell” rating to a “hold” rating.

Institutional investors currently hold 97.41% of AMERISAFE’s stock.

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