Nisa Investment Advisors LLC Acquires 5,500 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Nisa Investment Advisors LLC lifted its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 1,328.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,914 shares of the insurance provider’s stock after acquiring an additional 5,500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AMERISAFE were worth $305,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AMSF. Kathleen S. Wright Associates Inc. purchased a new stake in shares of AMERISAFE in the 3rd quarter worth about $28,000. Quarry LP increased its position in shares of AMERISAFE by 1,028.4% during the second quarter. Quarry LP now owns 756 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 689 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of AMERISAFE by 97.1% during the third quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock valued at $40,000 after buying an additional 405 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of AMERISAFE in the second quarter worth approximately $100,000. Finally, Virtu Financial LLC purchased a new stake in AMERISAFE in the third quarter worth approximately $200,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.

AMERISAFE Price Performance

Shares of AMERISAFE stock opened at $50.50 on Thursday. AMERISAFE, Inc. has a 1-year low of $41.97 and a 1-year high of $60.24. The company’s fifty day simple moving average is $53.26 and its 200-day simple moving average is $51.32. The stock has a market capitalization of $962.03 million, a PE ratio of 15.78 and a beta of 0.35.

Analyst Ratings Changes

Several research firms have recently weighed in on AMSF. JMP Securities reissued a “market outperform” rating and set a $65.00 price target on shares of AMERISAFE in a report on Tuesday, October 15th. Truist Financial increased their target price on AMERISAFE from $48.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th.

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.