Granite Investment Partners LLC decreased its holdings in Amerisafe, Inc. (NASDAQ:AMSF) by 8.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,731 shares of the insurance provider’s stock after selling 16,641 shares during the quarter. Granite Investment Partners LLC’s holdings in Amerisafe were worth $10,517,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMSF. American Century Companies Inc. raised its stake in Amerisafe by 68.9% in the 3rd quarter. American Century Companies Inc. now owns 369,860 shares of the insurance provider’s stock worth $21,526,000 after purchasing an additional 150,876 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Amerisafe by 7.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,312,660 shares of the insurance provider’s stock worth $76,397,000 after purchasing an additional 92,819 shares in the last quarter. Victory Capital Management Inc. raised its stake in Amerisafe by 849.7% in the 3rd quarter. Victory Capital Management Inc. now owns 102,183 shares of the insurance provider’s stock worth $5,947,000 after purchasing an additional 91,423 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Amerisafe by 13.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 559,157 shares of the insurance provider’s stock worth $31,844,000 after purchasing an additional 64,955 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Amerisafe in the 4th quarter worth about $3,640,000. Institutional investors and hedge funds own 99.65% of the company’s stock.

Several analysts have weighed in on the stock. BidaskClub cut shares of Amerisafe from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. FBR & Co reiterated a “buy” rating on shares of Amerisafe in a research note on Wednesday, October 25th. Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a research note on Thursday, October 26th. SunTrust Banks reiterated a “buy” rating and issued a $69.00 price objective on shares of Amerisafe in a research note on Friday, October 27th. Finally, B. Riley reiterated a “buy” rating on shares of Amerisafe in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $66.00.

Amerisafe, Inc. (NASDAQ AMSF) opened at $60.95 on Friday. The company has a market cap of $1,169.07 and a P/E ratio of 17.66. Amerisafe, Inc. has a 12-month low of $51.20 and a 12-month high of $69.40.

In other news, CEO G. Janelle Frost sold 1,728 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $66.74, for a total value of $115,326.72. Following the completion of the transaction, the chief executive officer now directly owns 54,322 shares in the company, valued at approximately $3,625,450.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by insiders.

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Amerisafe Company Profile

Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.

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Institutional Ownership by Quarter for Amerisafe (NASDAQ:AMSF)

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