Universal Beteiligungs und Servicegesellschaft mbH Purchases New Stake in AMERISAFE, Inc. (NASDAQ:AMSF)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,760 shares of the insurance provider’s stock, valued at approximately $460,000.

A number of other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in AMERISAFE by 19.1% during the first quarter. GAMMA Investing LLC now owns 1,600 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 257 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in AMERISAFE by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,842 shares of the insurance provider’s stock worth $559,000 after purchasing an additional 357 shares in the last quarter. Bank of Montreal Can boosted its position in AMERISAFE by 4.6% during the fourth quarter. Bank of Montreal Can now owns 9,375 shares of the insurance provider’s stock worth $483,000 after purchasing an additional 410 shares in the last quarter. Isthmus Partners LLC raised its holdings in shares of AMERISAFE by 0.8% in the first quarter. Isthmus Partners LLC now owns 64,441 shares of the insurance provider’s stock worth $3,386,000 after acquiring an additional 515 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of AMERISAFE by 6.1% in the fourth quarter. MetLife Investment Management LLC now owns 11,692 shares of the insurance provider’s stock worth $603,000 after acquiring an additional 669 shares during the last quarter. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Truist Financial cut their price target on AMERISAFE from $54.00 to $50.00 and set a “hold” rating for the company in a report on Monday, July 28th. Wall Street Zen raised AMERISAFE from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, JMP Securities reissued a “market outperform” rating and issued a $65.00 price target on shares of AMERISAFE in a report on Wednesday, April 30th.

AMERISAFE Trading Down 2.5%

AMERISAFE stock opened at $43.67 on Monday. The firm has a market capitalization of $829.29 million, a P/E ratio of 16.54 and a beta of 0.39. The stock has a fifty day moving average price of $44.80 and a 200 day moving average price of $48.00. AMERISAFE, Inc. has a 52 week low of $42.48 and a 52 week high of $60.24.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Thursday, July 24th. The insurance provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $79.70 million during the quarter, compared to analyst estimates of $77.30 million. AMERISAFE had a net margin of 16.46% and a return on equity of 16.54%. As a group, equities analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 12th. AMERISAFE’s dividend payout ratio is presently 59.09%.

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.