Jane Street Group LLC Purchases 17,084 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Jane Street Group LLC increased its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 70.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,299 shares of the insurance provider’s stock after buying an additional 17,084 shares during the period. Jane Street Group LLC owned about 0.22% of AMERISAFE worth $1,996,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. bought a new stake in AMERISAFE during the 3rd quarter valued at $28,000. Quarry LP grew its position in shares of AMERISAFE by 1,028.4% in the 2nd quarter. Quarry LP now owns 756 shares of the insurance provider’s stock worth $33,000 after buying an additional 689 shares during the last quarter. Isthmus Partners LLC raised its stake in shares of AMERISAFE by 14.4% during the 2nd quarter. Isthmus Partners LLC now owns 76,870 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 9,672 shares in the last quarter. GAMMA Investing LLC lifted its position in AMERISAFE by 97.1% during the third quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 405 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in AMERISAFE in the second quarter valued at approximately $100,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.

AMERISAFE Price Performance

Shares of AMSF stock opened at $52.15 on Wednesday. The company has a market capitalization of $993.46 million, a PE ratio of 16.30 and a beta of 0.33. The firm’s 50-day moving average is $55.51 and its two-hundred day moving average is $49.92. AMERISAFE, Inc. has a 12 month low of $41.97 and a 12 month high of $60.24.

AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $78.70 million for the quarter, compared to the consensus estimate of $75.38 million. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. During the same period in the prior year, the firm earned $0.61 EPS. Sell-side analysts forecast that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 6th were issued a dividend of $3.37 per share. This is a positive change from AMERISAFE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Friday, December 6th. This represents a $13.48 annualized dividend and a dividend yield of 25.85%. AMERISAFE’s dividend payout ratio (DPR) is presently 46.25%.

Analyst Ratings Changes

A number of analysts recently commented on AMSF shares. Truist Financial lifted their target price on shares of AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. JMP Securities reissued a “market outperform” rating and issued a $65.00 target price on shares of AMERISAFE in a research report on Tuesday, October 15th.

AMERISAFE 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.