AMERISAFE, Inc. $AMSF Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 17.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 163,248 shares of the insurance provider’s stock after purchasing an additional 24,124 shares during the period. ProShare Advisors LLC owned approximately 0.86% of AMERISAFE worth $6,270,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Isthmus Partners LLC grew its holdings in AMERISAFE by 6.4% during the 4th quarter. Isthmus Partners LLC now owns 81,940 shares of the insurance provider’s stock worth $3,147,000 after acquiring an additional 4,933 shares in the last quarter. Versor Investments LP grew its holdings in AMERISAFE by 22.5% during the 4th quarter. Versor Investments LP now owns 6,473 shares of the insurance provider’s stock worth $249,000 after acquiring an additional 1,191 shares in the last quarter. Ballentine Partners LLC grew its holdings in AMERISAFE by 63.3% during the 4th quarter. Ballentine Partners LLC now owns 13,447 shares of the insurance provider’s stock worth $516,000 after acquiring an additional 5,210 shares in the last quarter. Danske Bank A S acquired a new position in AMERISAFE during the 4th quarter worth approximately $73,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in AMERISAFE by 20.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 55,553 shares of the insurance provider’s stock worth $2,134,000 after acquiring an additional 9,533 shares in the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on AMSF shares. Wall Street Zen upgraded shares of AMERISAFE from a “strong sell” rating to a “sell” rating in a report on Saturday. Truist Financial lowered their price target on shares of AMERISAFE from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Citizens Jmp lowered their price target on shares of AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Finally, Weiss Ratings upgraded shares of AMERISAFE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Two investment 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

AMERISAFE Trading Down 0.8%

Shares of NASDAQ:AMSF opened at $31.05 on Friday. The company has a market capitalization of $580.64 million, a PE ratio of 12.78 and a beta of 0.23. AMERISAFE, Inc. has a twelve month low of $29.42 and a twelve month high of $47.86. The firm has a 50 day simple moving average of $32.12 and a 200-day simple moving average of $36.12.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $80.09 million for the quarter, compared to analysts’ expectations of $90.49 million. AMERISAFE had a return on equity of 15.34% and a net margin of 14.27%. As a group, equities research analysts predict that AMERISAFE, Inc. will post 2.08 EPS for the current fiscal year.

AMERISAFE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 12th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, June 12th. AMERISAFE’s payout ratio is currently 67.49%.

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.