AMERISAFE, Inc. (NASDAQ:AMSF) Shares Purchased by M&G Plc

M&G Plc boosted its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 461,070 shares of the insurance provider’s stock after acquiring an additional 8,378 shares during the period. M&G Plc owned about 2.41% of AMERISAFE worth $22,131,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. purchased a new stake in AMERISAFE during the third quarter worth approximately $28,000. Quarry LP lifted its position in shares of AMERISAFE by 1,028.4% during the 2nd quarter. Quarry LP now owns 756 shares of the insurance provider’s stock worth $33,000 after buying an additional 689 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of AMERISAFE by 97.1% in the 3rd quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock valued at $40,000 after buying an additional 405 shares in the last quarter. EntryPoint Capital LLC grew its position in shares of AMERISAFE by 22.0% in the 1st quarter. EntryPoint Capital LLC now owns 2,082 shares of the insurance provider’s stock valued at $104,000 after buying an additional 376 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in AMERISAFE during the 2nd quarter worth $100,000. 97.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of AMERISAFE in a report on Tuesday, October 15th. StockNews.com raised AMERISAFE from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Truist Financial increased their price objective on AMERISAFE from $48.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th.

AMERISAFE Stock Down 2.2 %

Shares of AMSF stock opened at $57.76 on Friday. The stock’s 50-day moving average price is $50.47 and its 200 day moving average price is $47.52. The stock has a market capitalization of $1.10 billion, a PE ratio of 18.05 and a beta of 0.33. AMERISAFE, Inc. has a 52-week low of $41.97 and a 52-week high of $59.50.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The business had revenue of $78.70 million for the quarter, compared to analyst estimates of $75.38 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. Analysts expect that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, December 6th will be issued a $3.37 dividend. This is an increase from AMERISAFE’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, December 6th. This represents a $13.48 annualized dividend and a dividend yield of 23.34%. AMERISAFE’s payout ratio is presently 46.25%.

AMERISAFE Profile

AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.