Squarepoint Ops LLC Buys Shares of 14,126 AMERISAFE, Inc. $AMSF

Squarepoint Ops LLC purchased a new position in AMERISAFE, Inc. (NASDAQ:AMSF) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,126 shares of the insurance provider’s stock, valued at approximately $618,000. Squarepoint Ops LLC owned about 0.07% of AMERISAFE as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMSF. Signaturefd LLC lifted its stake in AMERISAFE by 170.5% in the second 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. Tower Research Capital LLC TRC raised its position in shares of AMERISAFE by 87.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,920 shares of the insurance provider’s stock valued at $84,000 after acquiring an additional 898 shares during the period. Harbor Asset Planning Inc. acquired a new stake in shares of AMERISAFE in the 2nd quarter valued at approximately $113,000. BNP Paribas Financial Markets boosted its stake in AMERISAFE by 116.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,713 shares of the insurance provider’s stock worth $119,000 after acquiring an additional 1,462 shares during the last quarter. Finally, Inceptionr LLC grew its holdings in AMERISAFE by 17.2% during the second quarter. Inceptionr LLC now owns 4,764 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 698 shares during the period. Institutional investors own 97.41% of the company’s stock.

Insider Activity

In other news, CFO Anastasios Omiridis sold 1,247 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $40.21, for a total value of $50,141.87. Following the sale, the chief financial officer owned 2,539 shares of the company’s stock, valued at $102,093.19. The trade was a 32.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.61% of the stock is owned by company insiders.

AMERISAFE Trading Down 1.4%

AMSF stock opened at $38.57 on Wednesday. The stock has a 50-day moving average price of $40.16 and a two-hundred day moving average price of $42.93. AMERISAFE, Inc. has a 1 year low of $36.33 and a 1 year high of $53.27. The stock has a market cap of $729.74 million, a PE ratio of 14.78 and a beta of 0.37.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. The company had revenue of $71.29 million during the quarter, compared to analysts’ expectations of $78.29 million. AMERISAFE had a return on equity of 16.94% and a net margin of 16.12%. On average, analysts forecast that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Dividend Announcement

The firm also recently declared a special dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, December 5th were paid a dividend of $1.00 per share. This represents a dividend yield of 420.0%. The ex-dividend date of this dividend was Friday, December 5th. AMERISAFE’s dividend payout ratio (DPR) is currently 59.77%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMSF. JMP Securities cut their target price on shares of AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 14th. Wall Street Zen downgraded AMERISAFE from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of AMERISAFE in a research note on Monday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of AMERISAFE in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.00.

AMERISAFE Company Profile

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.