AMERISAFE, Inc. (NASDAQ:AMSF) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC lifted its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 12.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,042 shares of the insurance provider’s stock after acquiring an additional 880 shares during the period. Inspire Investing LLC’s holdings in AMERISAFE were worth $353,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. M&G Plc purchased a new position in AMERISAFE during the 1st quarter worth $23,251,000. Vanguard Group Inc. grew its holdings in shares of AMERISAFE by 8.5% during the first quarter. Vanguard Group Inc. now owns 1,472,739 shares of the insurance provider’s stock worth $73,887,000 after buying an additional 115,676 shares during the last quarter. Westwood Holdings Group Inc. increased its position in AMERISAFE by 18.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 678,321 shares of the insurance provider’s stock valued at $31,732,000 after acquiring an additional 105,414 shares during the period. Champlain Investment Partners LLC raised its stake in AMERISAFE by 12.8% during the 1st quarter. Champlain Investment Partners LLC now owns 855,916 shares of the insurance provider’s stock valued at $42,941,000 after acquiring an additional 97,280 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its position in AMERISAFE by 70.3% during the 4th quarter. Eagle Asset Management Inc. now owns 178,458 shares of the insurance provider’s stock worth $8,348,000 after acquiring an additional 73,638 shares during the period. 97.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMSF has been the subject of several recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price target on shares of AMERISAFE in a report on Tuesday, July 30th. StockNews.com upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

AMERISAFE Trading Down 2.7 %

NASDAQ AMSF opened at $47.91 on Monday. The stock has a market capitalization of $916.76 million, a price-to-earnings ratio of 14.93 and a beta of 0.34. The business’s 50 day moving average is $48.25 and its two-hundred day moving average is $47.11. AMERISAFE, Inc. has a 12-month low of $41.97 and a 12-month high of $54.80.

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

AMERISAFE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a $0.37 dividend. The ex-dividend date was Friday, September 6th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.09%. AMERISAFE’s dividend payout ratio is presently 46.11%.

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.