Assenagon Asset Management S.A. Has $3.58 Million Stock Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

Assenagon Asset Management S.A. reduced its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 39.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,391 shares of the insurance provider’s stock after selling 44,697 shares during the period. Assenagon Asset Management S.A. owned about 0.36% of AMERISAFE worth $3,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. acquired a new position in AMERISAFE during the third quarter worth $28,000. Quarry LP increased its position in shares of AMERISAFE by 1,028.4% during the 2nd quarter. Quarry LP now owns 756 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 689 shares in the last quarter. GAMMA Investing LLC lifted its holdings in AMERISAFE by 97.1% during the 3rd quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 405 shares during the last quarter. Point72 DIFC Ltd bought a new position in AMERISAFE during the 2nd quarter valued at about $100,000. Finally, Virtu Financial LLC acquired a new position in AMERISAFE in the third quarter valued at about $200,000. Institutional investors own 97.41% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Truist Financial raised their price objective on shares of 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 set a $65.00 price target on shares of AMERISAFE in a report on Tuesday, October 15th.

AMERISAFE Stock Up 0.0 %

Shares of NASDAQ:AMSF opened at $51.11 on Wednesday. The firm has a market cap of $973.65 million, a P/E ratio of 15.97 and a beta of 0.35. AMERISAFE, Inc. has a 12 month low of $41.97 and a 12 month high of $60.24. The company’s 50-day moving average price is $54.21 and its two-hundred day moving average price is $51.04.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $78.70 million for the quarter, compared to analysts’ expectations of $75.38 million. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, equities analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current fiscal year.

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.