AlphaQuest LLC Trims Holdings in AMERISAFE, Inc. $AMSF

AlphaQuest LLC lowered its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 55.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,826 shares of the insurance provider’s stock after selling 13,206 shares during the quarter. AlphaQuest LLC owned approximately 0.06% of AMERISAFE worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in shares of AMERISAFE in the 2nd quarter worth about $4,345,000. Goldman Sachs Group Inc. grew its stake in AMERISAFE by 82.6% in the first quarter. Goldman Sachs Group Inc. now owns 217,280 shares of the insurance provider’s stock worth $11,418,000 after purchasing an additional 98,293 shares in the last quarter. Marshall Wace LLP bought a new stake in AMERISAFE in the second quarter valued at about $3,513,000. Bank of America Corp DE increased its holdings in AMERISAFE by 12.8% in the second quarter. Bank of America Corp DE now owns 607,917 shares of the insurance provider’s stock valued at $26,584,000 after buying an additional 68,987 shares during the last quarter. Finally, CSM Advisors LLC acquired a new stake in AMERISAFE during the second quarter valued at approximately $2,402,000. 97.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMSF. Citigroup reissued a “market outperform” rating on shares of AMERISAFE in a research report on Friday, January 16th. Citizens Jmp dropped their target price on shares of AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating on the stock in a report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AMERISAFE in a report on Monday, December 29th. JMP Securities lowered their price objective on shares of AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 14th. Finally, Wall Street Zen raised shares of AMERISAFE from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

AMERISAFE Stock Performance

AMERISAFE stock opened at $39.73 on Friday. AMERISAFE, Inc. has a one year low of $36.23 and a one year high of $53.27. The company has a 50-day simple moving average of $38.32 and a 200-day simple moving average of $41.57. The firm has a market capitalization of $751.69 million, a P/E ratio of 15.22 and a beta of 0.35.

Insiders Place Their Bets

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

AMERISAFE 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.