AMERISAFE, Inc. (NASDAQ:AMSF) Shares Bought by Millennium Management LLC

Millennium Management LLC raised its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 238.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,946 shares of the insurance provider’s stock after acquiring an additional 43,649 shares during the quarter. Millennium Management LLC owned approximately 0.32% of AMERISAFE worth $2,719,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. EntryPoint Capital LLC grew its position in shares of AMERISAFE by 22.0% in the first quarter. EntryPoint Capital LLC now owns 2,082 shares of the insurance provider’s stock valued at $104,000 after purchasing an additional 376 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of AMERISAFE by 5.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,852 shares of the insurance provider’s stock valued at $695,000 after purchasing an additional 755 shares during the period. PNC Financial Services Group Inc. grew its position in shares of AMERISAFE by 26.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the insurance provider’s stock valued at $182,000 after purchasing an additional 828 shares during the period. Inspire Investing LLC grew its position in shares of AMERISAFE by 12.3% in the second quarter. Inspire Investing LLC now owns 8,042 shares of the insurance provider’s stock valued at $353,000 after purchasing an additional 880 shares during the period. Finally, Diversified Trust Co grew its position in AMERISAFE by 16.7% during the second quarter. Diversified Trust Co now owns 8,591 shares of the insurance provider’s stock valued at $377,000 after acquiring an additional 1,230 shares during the period. 97.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMSF. JMP Securities reissued a “market outperform” rating and set a $65.00 price target on shares of AMERISAFE in a research report on Tuesday. StockNews.com raised AMERISAFE from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

AMERISAFE Stock Up 0.7 %

Shares of NASDAQ AMSF opened at $49.69 on Wednesday. The stock’s 50 day moving average price is $48.46 and its two-hundred day moving average price is $46.86. AMERISAFE, Inc. has a 52-week low of $41.97 and a 52-week high of $54.80. The stock has a market capitalization of $950.82 million, a P/E ratio of 15.48 and a beta of 0.34.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Monday, July 29th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). AMERISAFE had a return on equity of 16.38% and a net margin of 18.46%. The business had revenue of $75.83 million during the quarter, compared to the consensus estimate of $74.20 million. During the same period last year, the company earned $0.73 earnings per share. On average, analysts anticipate that AMERISAFE, Inc. will post 2.4 EPS for the current year.

AMERISAFE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Friday, September 6th. AMERISAFE’s payout ratio is currently 46.11%.

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.