ProShare Advisors LLC Raises Stock Position in AMERISAFE, Inc. $AMSF

ProShare Advisors LLC lifted its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 17.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 163,248 shares of the insurance provider’s stock after acquiring an additional 24,124 shares during the quarter. ProShare Advisors LLC’s holdings in AMERISAFE were worth $6,270,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of AMERISAFE by 2.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,701 shares of the insurance provider’s stock worth $776,000 after buying an additional 377 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of AMERISAFE by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,313 shares of the insurance provider’s stock worth $594,000 after buying an additional 471 shares during the last quarter. Envestnet Asset Management Inc. raised its position in AMERISAFE by 7.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,836 shares of the insurance provider’s stock valued at $344,000 after purchasing an additional 573 shares during the last quarter. Engineers Gate Manager LP raised its position in AMERISAFE by 3.3% in the 2nd quarter. Engineers Gate Manager LP now owns 19,074 shares of the insurance provider’s stock valued at $834,000 after purchasing an additional 613 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in AMERISAFE by 1.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 43,792 shares of the insurance provider’s stock valued at $1,682,000 after purchasing an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMSF. Truist Financial reduced their price target on shares of AMERISAFE from $36.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Wall Street Zen upgraded shares of AMERISAFE from a “strong sell” rating to a “sell” rating in a research report on Saturday. Weiss Ratings upgraded shares of AMERISAFE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Finally, Citizens Jmp reduced their price target on shares of AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, AMERISAFE has an average rating of “Moderate Buy” and a consensus price target of $44.67.

AMERISAFE Price Performance

AMSF stock opened at $31.05 on Friday. The company has a fifty day moving average price of $32.12 and a 200 day moving average price of $36.12. AMERISAFE, Inc. has a 12 month low of $29.42 and a 12 month high of $47.86. The company has a market cap of $580.64 million, a price-to-earnings ratio of 12.78 and a beta of 0.23.

AMERISAFE (NASDAQ:AMSF) last released 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). The business had revenue of $80.09 million during the quarter, compared to analysts’ expectations of $90.49 million. AMERISAFE had a net margin of 14.27% and a return on equity of 15.34%. As a group, analysts anticipate that AMERISAFE, Inc. will post 2.08 earnings per share for the current year.

AMERISAFE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 12th will be given a dividend of $0.41 per share. The ex-dividend date is Friday, June 12th. This represents a $1.64 dividend on an annualized basis and a yield of 5.3%. AMERISAFE’s dividend payout ratio is presently 67.49%.

About AMERISAFE

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.