Mirae Asset Global Investments Co. Ltd. Boosts Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

Mirae Asset Global Investments Co. Ltd. raised its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 18.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,793 shares of the insurance provider’s stock after acquiring an additional 2,130 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of AMERISAFE worth $712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its holdings in AMERISAFE by 8.5% in the 3rd quarter. State Street Corp now owns 811,561 shares of the insurance provider’s stock worth $39,223,000 after buying an additional 63,638 shares during the period. Assenagon Asset Management S.A. lifted its holdings in AMERISAFE by 70.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 114,088 shares of the insurance provider’s stock worth $5,514,000 after purchasing an additional 47,131 shares in the last quarter. Millennium Management LLC boosted its stake in AMERISAFE by 238.6% in the 2nd quarter. Millennium Management LLC now owns 61,946 shares of the insurance provider’s stock worth $2,719,000 after purchasing an additional 43,649 shares during the period. GSA Capital Partners LLP purchased a new position in AMERISAFE during the 3rd quarter valued at about $2,107,000. Finally, Barclays PLC increased its position in shares of AMERISAFE by 365.6% during the third quarter. Barclays PLC now owns 33,219 shares of the insurance provider’s stock valued at $1,605,000 after buying an additional 26,084 shares during the period. 97.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial boosted their price target on shares of AMERISAFE from $48.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th.

AMERISAFE Stock Down 1.8 %

AMSF opened at $49.08 on Thursday. The business’s fifty day simple moving average is $51.60 and its 200 day simple moving average is $51.45. AMERISAFE, Inc. has a 52 week low of $41.97 and a 52 week high of $60.24. The stock has a market cap of $934.97 million, a PE ratio of 15.34 and a beta of 0.35.

About AMERISAFE

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.