AMERISAFE, Inc. $AMSF Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 9.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,700 shares of the insurance provider’s stock after buying an additional 1,500 shares during the period. KLP Kapitalforvaltning AS owned 0.09% of AMERISAFE worth $730,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of AMERISAFE by 19.1% in the 1st quarter. GAMMA Investing LLC now owns 1,600 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 257 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $594,000 after buying an additional 471 shares during the period. Signaturefd LLC raised its holdings in shares of AMERISAFE by 170.5% during the 2nd quarter. Signaturefd LLC now owns 779 shares of the insurance provider’s stock valued at $34,000 after buying an additional 491 shares during the period. Isthmus Partners LLC grew its stake in AMERISAFE by 0.8% during the 1st quarter. Isthmus Partners LLC now owns 64,441 shares of the insurance provider’s stock valued at $3,386,000 after purchasing an additional 515 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in AMERISAFE by 0.4% during the 1st quarter. Raymond James Financial Inc. now owns 189,033 shares of the insurance provider’s stock valued at $9,934,000 after purchasing an additional 679 shares in the last quarter. 97.41% of the stock is owned by institutional investors and hedge funds.

AMERISAFE Price Performance

NASDAQ:AMSF opened at $40.48 on Friday. AMERISAFE, Inc. has a 12-month low of $40.03 and a 12-month high of $60.24. The firm has a market capitalization of $768.72 million, a P/E ratio of 15.33 and a beta of 0.32. The business has a 50 day simple moving average of $44.34 and a 200 day simple moving average of $45.67.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). AMERISAFE had a net margin of 16.46% and a return on equity of 16.54%. The company had revenue of $79.70 million for the quarter, compared to analyst estimates of $77.30 million. Research analysts anticipate that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, September 12th. AMERISAFE’s payout ratio is 59.09%.

Insider Transactions at AMERISAFE

In other AMERISAFE news, CFO Anastasios Omiridis sold 1,343 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $44.75, for a total transaction of $60,099.25. Following the completion of the transaction, the chief financial officer owned 2,253 shares in the company, valued at approximately $100,821.75. The trade was a 37.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of AMERISAFE in a research note on Wednesday, October 8th. Wall Street Zen upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Truist Financial lowered their price objective on AMERISAFE from $54.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, July 28th. Finally, JMP Securities lowered their price objective on AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating for the company in a research note on Tuesday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.00.

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.