Allspring Global Investments Holdings LLC Invests $509,000 in AMERISAFE, Inc. (NASDAQ:AMSF)

Allspring Global Investments Holdings LLC bought a new stake in AMERISAFE, Inc. (NASDAQ:AMSF) during the first quarter, according to its most recent filing with the SEC. The firm bought 9,691 shares of the insurance provider’s stock, valued at approximately $509,000. Allspring Global Investments Holdings LLC owned about 0.05% of AMERISAFE at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMSF. Lazard Asset Management LLC acquired a new position in AMERISAFE in the 4th quarter valued at $43,000. GAMMA Investing LLC grew its stake in AMERISAFE by 19.1% in the 1st quarter. GAMMA Investing LLC now owns 1,600 shares of the insurance provider’s stock valued at $84,000 after buying an additional 257 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in AMERISAFE in the 4th quarter valued at $180,000. Aquatic Capital Management LLC grew its stake in AMERISAFE by 336.1% in the 4th quarter. Aquatic Capital Management LLC now owns 3,925 shares of the insurance provider’s stock valued at $202,000 after buying an additional 3,025 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new position in AMERISAFE in the 4th quarter valued at $207,000. 97.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market outperform” rating and issued a $65.00 target price on shares of AMERISAFE in a research note on Wednesday, April 30th.

AMERISAFE Price Performance

NASDAQ AMSF opened at $43.18 on Friday. The firm has a market capitalization of $822.58 million, a price-to-earnings ratio of 17.41 and a beta of 0.40. The company’s fifty day moving average is $45.50 and its two-hundred day moving average is $48.71. AMERISAFE, Inc. has a 52-week low of $42.48 and a 52-week high of $60.24.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $83.78 million for the quarter, compared to analyst estimates of $76.66 million. AMERISAFE had a net margin of 15.76% and a return on equity of 16.41%. As a group, sell-side analysts expect that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 13th were given a $0.39 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 3.61%. AMERISAFE’s dividend payout ratio is 62.90%.

AMERISAFE Company 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.