Mirae Asset Global Investments Co. Ltd. Purchases 1,229 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,663 shares of the insurance provider’s stock after acquiring an additional 1,229 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of AMERISAFE worth $564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in AMERISAFE by 8.5% in the first quarter. Vanguard Group Inc. now owns 1,472,739 shares of the insurance provider’s stock worth $73,887,000 after purchasing an additional 115,676 shares during the last quarter. Champlain Investment Partners LLC grew its stake in AMERISAFE by 12.8% during the 1st quarter. Champlain Investment Partners LLC now owns 855,916 shares of the insurance provider’s stock worth $42,941,000 after buying an additional 97,280 shares during the last quarter. Westwood Holdings Group Inc. increased its position in AMERISAFE by 13.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 701,806 shares of the insurance provider’s stock valued at $30,802,000 after buying an additional 83,438 shares in the last quarter. M&G Plc purchased a new stake in AMERISAFE in the first quarter valued at about $23,251,000. Finally, Public Employees Retirement Association of Colorado boosted its holdings in AMERISAFE by 5.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 315,409 shares of the insurance provider’s stock worth $13,843,000 after acquiring an additional 15,196 shares in the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AMERISAFE Stock Down 0.5 %

Shares of NASDAQ:AMSF opened at $53.78 on Friday. AMERISAFE, Inc. has a 52-week low of $41.97 and a 52-week high of $56.46. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 16.81 and a beta of 0.34. The business has a 50-day moving average price of $49.92 and a 200-day moving average price of $47.32.

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

AMERISAFE Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 6th will be given a dividend of $3.37 per share. The ex-dividend date is Friday, December 6th. This is an increase from AMERISAFE’s previous quarterly dividend of $0.37. This represents a $13.48 dividend on an annualized basis and a yield of 25.07%. AMERISAFE’s payout ratio is currently 46.25%.

AMERISAFE Company 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.