AMERISAFE, Inc. $AMSF Holdings Boosted by R Squared Ltd

R Squared Ltd boosted its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 109.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,053 shares of the insurance provider’s stock after purchasing an additional 24,565 shares during the period. AMERISAFE accounts for 0.8% of R Squared Ltd’s investment portfolio, making the stock its 16th biggest holding. R Squared Ltd’s holdings in AMERISAFE were worth $1,807,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP grew its position in AMERISAFE by 346.9% during the 3rd quarter. Quarry LP now owns 943 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 732 shares in the last quarter. Tower Research Capital LLC TRC grew its position in AMERISAFE by 87.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,920 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 898 shares in the last quarter. BNP Paribas Financial Markets grew its position in AMERISAFE by 116.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,713 shares of the insurance provider’s stock worth $119,000 after purchasing an additional 1,462 shares in the last quarter. iSAM Funds UK Ltd purchased a new position in AMERISAFE during the 3rd quarter worth approximately $152,000. Finally, PharVision Advisers LLC purchased a new position in AMERISAFE during the 3rd quarter worth approximately $223,000. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

AMERISAFE Stock Up 1.3%

AMERISAFE stock opened at $30.74 on Tuesday. The company’s fifty day simple moving average is $33.71 and its 200-day simple moving average is $37.33. AMERISAFE, Inc. has a 12 month low of $29.45 and a 12 month high of $49.94. The stock has a market cap of $574.84 million, a P/E ratio of 12.65 and a beta of 0.31.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). AMERISAFE had a net margin of 14.27% and a return on equity of 15.34%. The company had revenue of $80.09 million for the quarter, compared to analysts’ expectations of $90.49 million. On average, equities research analysts expect that AMERISAFE, Inc. will post 2.1 earnings per share for the current fiscal year.

AMERISAFE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, June 12th. AMERISAFE’s payout ratio is currently 67.49%.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMSF shares. Citigroup reiterated a “market outperform” rating on shares of AMERISAFE in a research report on Friday, January 16th. Truist Financial lowered their price objective on shares of AMERISAFE from $36.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen cut shares of AMERISAFE from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Citizens Jmp lowered their price objective on shares of AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating on the stock in a research report on Monday, April 13th. Finally, Morgan Stanley set a $55.00 price target on shares of AMERISAFE in a report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, AMERISAFE presently has a consensus rating of “Moderate Buy” and an average target price of $44.67.

AMERISAFE Company Profile

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.