AMERISAFE, Inc. $AMSF Shares Acquired by Royce & Associates LP

Royce & Associates LP increased its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 21.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 555,621 shares of the insurance provider’s stock after acquiring an additional 97,434 shares during the period. Royce & Associates LP owned approximately 2.94% of AMERISAFE worth $24,358,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. R Squared Ltd boosted its position in AMERISAFE by 172.2% during the third quarter. R Squared Ltd now owns 22,488 shares of the insurance provider’s stock worth $986,000 after purchasing an additional 14,226 shares in the last quarter. Granite Investment Partners LLC raised its stake in shares of AMERISAFE by 19.5% during the 3rd quarter. Granite Investment Partners LLC now owns 115,743 shares of the insurance provider’s stock worth $5,074,000 after buying an additional 18,861 shares during the period. GSA Capital Partners LLP purchased a new position in shares of AMERISAFE during the 3rd quarter valued at approximately $528,000. State of New Jersey Common Pension Fund D grew its stake in AMERISAFE by 13.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 46,020 shares of the insurance provider’s stock valued at $2,018,000 after acquiring an additional 5,402 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in AMERISAFE by 14.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 74,026 shares of the insurance provider’s stock worth $3,245,000 after acquiring an additional 9,201 shares in the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.

AMERISAFE Stock Down 3.3%

Shares of NASDAQ:AMSF opened at $32.53 on Monday. AMERISAFE, Inc. has a 52-week low of $32.00 and a 52-week high of $53.27. The stock has a market cap of $615.60 million, a P/E ratio of 13.17 and a beta of 0.35. The business has a fifty day moving average of $37.79 and a two-hundred day moving average of $40.66.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Wednesday, February 25th. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The firm had revenue of $81.59 million during the quarter, compared to analysts’ expectations of $80.05 million. AMERISAFE had a net margin of 14.86% and a return on equity of 15.89%. On average, equities analysts anticipate that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 13th will be given a $0.41 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.64 dividend on an annualized basis and a yield of 5.0%. AMERISAFE’s payout ratio is currently 66.40%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Citigroup reiterated a “market outperform” rating on shares of AMERISAFE in a research report on Friday, January 16th. Morgan Stanley set a $55.00 price objective on AMERISAFE in a report on Friday, January 16th. Citizens Jmp reduced their target price on AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating for the company in a report on Friday, January 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AMERISAFE in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of AMERISAFE from a “hold” rating to a “sell” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, AMERISAFE presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.67.

About AMERISAFE

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.