AMERISAFE, Inc. (NASDAQ:AMSF) Stock Position Raised by Barclays PLC

Barclays PLC boosted its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 365.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,219 shares of the insurance provider’s stock after acquiring an additional 26,084 shares during the period. Barclays PLC owned about 0.17% of AMERISAFE worth $1,605,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd lifted its holdings in shares of AMERISAFE by 123.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 13,186 shares of the insurance provider’s stock worth $637,000 after purchasing an additional 7,283 shares during the last quarter. Jane Street Group LLC increased its position in AMERISAFE by 70.6% in the third quarter. Jane Street Group LLC now owns 41,299 shares of the insurance provider’s stock worth $1,996,000 after buying an additional 17,084 shares during the period. State Street Corp lifted its stake in AMERISAFE by 8.5% in the third quarter. State Street Corp now owns 811,561 shares of the insurance provider’s stock valued at $39,223,000 after buying an additional 63,638 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of AMERISAFE by 3.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 19,008 shares of the insurance provider’s stock valued at $919,000 after acquiring an additional 645 shares during the period. Finally, HighTower Advisors LLC grew its position in shares of AMERISAFE by 13.8% during the third quarter. HighTower Advisors LLC now owns 7,940 shares of the insurance provider’s stock worth $388,000 after acquiring an additional 962 shares during the last quarter. Institutional investors own 97.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AMSF. JMP Securities reissued a “market outperform” rating and set a $65.00 target price on shares of AMERISAFE in a research note on Tuesday, October 15th. Truist Financial boosted their price objective on AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th.

AMERISAFE Stock Down 1.0 %

Shares of NASDAQ AMSF opened at $51.63 on Friday. The firm’s 50-day simple moving average is $55.60 and its 200 day simple moving average is $50.08. The stock has a market cap of $983.55 million, a P/E ratio of 16.13 and a beta of 0.33. AMERISAFE, Inc. has a fifty-two week low of $41.97 and a fifty-two week high of $60.24.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share 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 in the prior year, the business posted $0.61 EPS. On average, sell-side analysts anticipate that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

AMERISAFE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 6th were issued a dividend of $3.37 per share. This represents a $13.48 dividend on an annualized basis and a yield of 26.11%. This is a boost from AMERISAFE’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, December 6th. AMERISAFE’s dividend payout ratio (DPR) is presently 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.