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

Royce & Associates LP grew its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 611,371 shares of the insurance provider’s stock after buying an additional 55,750 shares during the quarter. Royce & Associates LP’s holdings in AMERISAFE were worth $23,483,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Clearstead Advisors LLC boosted its stake in shares of AMERISAFE by 142.4% during the 4th quarter. Clearstead Advisors LLC now owns 657 shares of the insurance provider’s stock valued at $25,000 after buying an additional 386 shares during the last quarter. Hantz Financial Services Inc. boosted its stake 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 valued at $27,000 after buying an additional 439 shares during the last quarter. MQS Management LLC purchased a new position in shares of AMERISAFE during the 4th quarter valued at approximately $270,000. EverSource Wealth Advisors LLC boosted its stake in shares of AMERISAFE by 206.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,129 shares of the insurance provider’s stock valued at $82,000 after buying an additional 1,434 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of AMERISAFE by 94.3% during the 4th quarter. GSA Capital Partners LLP now owns 23,395 shares of the insurance provider’s stock valued at $899,000 after buying an additional 11,355 shares during the last quarter. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMSF shares. Wall Street Zen upgraded AMERISAFE from a “strong sell” rating to a “sell” rating in a research note on Saturday. Truist Financial reduced their target price on AMERISAFE from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings upgraded AMERISAFE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Finally, Citizens Jmp reduced their target price on AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.67.

AMERISAFE Price Performance

AMERISAFE stock opened at $30.80 on Wednesday. The company has a market cap of $575.96 million, a PE ratio of 12.67 and a beta of 0.23. The company has a fifty day moving average price of $32.04 and a two-hundred day moving average price of $35.96. AMERISAFE, Inc. has a 12 month low of $29.42 and a 12 month high of $47.86.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The business had revenue of $80.09 million during the quarter, compared to analyst estimates of $90.49 million. AMERISAFE had a return on equity of 15.34% and a net margin of 14.27%. Equities research analysts anticipate that AMERISAFE, Inc. will post 2.08 earnings per share for the current year.

AMERISAFE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 12th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, June 12th. AMERISAFE’s payout ratio is currently 67.49%.

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.