Legal & General Group Plc purchased a new position in shares of AMERISAFE, Inc. (NASDAQ:AMSF – Free Report) in the second quarter, Holdings Channel reports. The fund purchased 45,480 shares of the insurance provider’s stock, valued at approximately $1,539,000.
Several other institutional investors and hedge funds have also bought and sold shares of AMSF. Sanctuary Advisors LLC purchased a new stake in shares of AMERISAFE in the 2nd quarter valued at $261,000. Quantbot Technologies LP purchased a new position in shares of AMERISAFE during the second quarter worth $49,000. Ieq Capital LLC purchased a new position in shares of AMERISAFE during the second quarter worth $1,045,000. Allworth Financial LP acquired a new position in AMERISAFE during the second quarter valued at $38,000. Finally, Vise Technologies Inc. acquired a new position in AMERISAFE during the second quarter valued at $351,000. 97.41% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have weighed in on AMSF shares. Wall Street Zen raised AMERISAFE from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Truist Financial decreased their price objective on AMERISAFE from $34.00 to $32.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. Zacks Research downgraded AMERISAFE from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Finally, Weiss Ratings downgraded AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $44.00.
AMERISAFE Stock Performance
Shares of AMERISAFE stock opened at $25.99 on Monday. AMERISAFE, Inc. has a fifty-two week low of $25.63 and a fifty-two week high of $47.86. The company has a market cap of $481.85 million, a P/E ratio of 10.48 and a beta of 0.23. The firm has a 50-day simple moving average of $30.10 and a two-hundred day simple moving average of $31.66.
AMERISAFE (NASDAQ:AMSF – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). The business had revenue of $91.97 million during the quarter, compared to analysts’ expectations of $85.09 million. AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%. Equities research analysts forecast that AMERISAFE, Inc. will post 1.97 EPS for the current year.
AMERISAFE Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a $0.41 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.3%. AMERISAFE’s payout ratio is 66.13%.
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.
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