Perigon Wealth Management LLC Acquires Shares of 20,514 AMERISAFE, Inc. $AMSF

Perigon Wealth Management LLC bought a new position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,514 shares of the insurance provider’s stock, valued at approximately $694,000.

A number of other large investors have also recently modified their holdings of the business. Clearstead Advisors LLC increased its stake in shares of AMERISAFE by 142.4% in the 4th quarter. Clearstead Advisors LLC now owns 657 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 386 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of AMERISAFE by 159.6% during the 4th quarter. Hantz Financial Services Inc. now owns 714 shares of the insurance provider’s stock worth $27,000 after buying an additional 439 shares during the last quarter. Diversified Trust Co boosted its stake in AMERISAFE by 4.5% in the first quarter. Diversified Trust Co now owns 10,693 shares of the insurance provider’s stock valued at $356,000 after buying an additional 460 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in AMERISAFE by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,313 shares of the insurance provider’s stock valued at $594,000 after buying an additional 471 shares in the last quarter. Finally, Swiss National Bank grew its position in AMERISAFE by 1.4% in the fourth quarter. Swiss National Bank now owns 37,400 shares of the insurance provider’s stock valued at $1,437,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.

AMERISAFE Stock Performance

Shares of AMSF opened at $26.18 on Thursday. AMERISAFE, Inc. has a 52 week low of $26.08 and a 52 week high of $47.86. The stock has a market capitalization of $485.38 million, a price-to-earnings ratio of 10.56 and a beta of 0.24. The stock has a fifty day moving average of $31.46 and a 200-day moving average of $32.70.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $91.97 million for the quarter, compared to the consensus estimate of $85.09 million. AMERISAFE had a return on equity of 14.87% and a net margin of 14.00%. As a group, equities analysts forecast that AMERISAFE, Inc. will post 1.97 EPS for the current year.

AMERISAFE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, September 11th. AMERISAFE’s dividend payout ratio (DPR) is presently 66.13%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Truist Financial lowered their target price on AMERISAFE from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of AMERISAFE from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Zacks Research lowered shares of AMERISAFE from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Finally, Weiss Ratings cut shares of AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $44.00.

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.