MQS Management LLC Grows Stock Position in AMERISAFE, Inc. $AMSF

MQS Management LLC grew its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 34.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,547 shares of the insurance provider’s stock after acquiring an additional 1,916 shares during the quarter. MQS Management LLC’s holdings in AMERISAFE were worth $330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of AMERISAFE by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,443,585 shares of the insurance provider’s stock valued at $75,860,000 after acquiring an additional 49,778 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of AMERISAFE by 9.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 723,562 shares of the insurance provider’s stock valued at $38,023,000 after acquiring an additional 61,767 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of AMERISAFE by 13.2% in the first quarter. Westwood Holdings Group Inc. now owns 684,558 shares of the insurance provider’s stock valued at $35,974,000 after acquiring an additional 79,750 shares in the last quarter. Royce & Associates LP lifted its position in shares of AMERISAFE by 29.6% in the first quarter. Royce & Associates LP now owns 395,756 shares of the insurance provider’s stock valued at $20,797,000 after acquiring an additional 90,395 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of AMERISAFE by 82.6% in the first quarter. Goldman Sachs Group Inc. now owns 217,280 shares of the insurance provider’s stock valued at $11,418,000 after acquiring an additional 98,293 shares in the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

Insider Buying and Selling

In other AMERISAFE news, CFO Anastasios Omiridis sold 1,343 shares of AMERISAFE stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $44.75, for a total value of $60,099.25. Following the sale, the chief financial officer owned 2,253 shares in the company, valued at $100,821.75. The trade was a 37.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.61% of the stock is owned by corporate insiders.

AMERISAFE Stock Down 1.1%

NASDAQ:AMSF opened at $41.45 on Monday. AMERISAFE, Inc. has a 52 week low of $40.03 and a 52 week high of $60.24. The company has a market capitalization of $787.14 million, a P/E ratio of 15.70 and a beta of 0.32. The stock’s fifty day moving average is $43.90 and its two-hundred day moving average is $45.24.

AMERISAFE (NASDAQ:AMSF) last posted its earnings results on Thursday, July 24th. The insurance provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). AMERISAFE had a net margin of 16.46% and a return on equity of 16.54%. The business had revenue of $79.70 million during the quarter, compared to analysts’ expectations of $77.30 million. Sell-side analysts anticipate that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMSF has been the topic of several research reports. Truist Financial decreased their target price on AMERISAFE from $54.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, July 28th. Wall Street Zen upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of AMERISAFE in a research report on Friday. Finally, JMP Securities reduced their price objective on AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, AMERISAFE currently has a consensus rating of “Hold” and a consensus target price of $55.00.

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.