AMERISAFE, Inc. (NASDAQ:AMSF) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 13.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,940 shares of the insurance provider’s stock after purchasing an additional 962 shares during the quarter. HighTower Advisors LLC’s holdings in AMERISAFE were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMSF. Diversified Trust Co lifted its position in shares of AMERISAFE by 3.8% during the 3rd quarter. Diversified Trust Co now owns 8,916 shares of the insurance provider’s stock valued at $431,000 after buying an additional 325 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in AMERISAFE by 6.9% during the third quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock valued at $284,000 after purchasing an additional 381 shares in the last quarter. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 405 shares in the last quarter. Inspire Investing LLC grew its position in shares of AMERISAFE by 5.7% in the third quarter. Inspire Investing LLC now owns 8,503 shares of the insurance provider’s stock valued at $411,000 after purchasing an additional 461 shares during the period. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of AMERISAFE during the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AMSF shares. Truist Financial lifted their price objective on AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of AMERISAFE in a research note on Tuesday, October 15th.

AMERISAFE Trading Up 1.6 %

NASDAQ:AMSF opened at $52.47 on Monday. The company has a market cap of $999.55 million, a P/E ratio of 16.40 and a beta of 0.33. AMERISAFE, Inc. has a twelve month low of $41.97 and a twelve month high of $60.24. The company’s 50-day moving average price is $55.47 and its 200-day moving average price is $49.87.

AMERISAFE (NASDAQ:AMSF) last released its 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. The business had revenue of $78.70 million for the quarter, compared to analyst estimates of $75.38 million. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. During the same period last year, the company posted $0.61 EPS. On average, analysts expect that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 6th were paid a dividend of $3.37 per share. The ex-dividend date was Friday, December 6th. This represents a $13.48 dividend on an annualized basis and a yield of 25.69%. This is a positive change from AMERISAFE’s previous quarterly dividend of $0.37. AMERISAFE’s payout ratio is 46.25%.

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.