Renaissance Technologies LLC Has $8.71 Million Holdings in AMERISAFE, Inc. $AMSF

Renaissance Technologies LLC increased its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 19.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 261,375 shares of the insurance provider’s stock after acquiring an additional 42,375 shares during the quarter. Renaissance Technologies LLC’s holdings in AMERISAFE were worth $8,712,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of AMSF. Auto Owners Insurance Co boosted its holdings in AMERISAFE by 3,741.0% in the 4th quarter. Auto Owners Insurance Co now owns 16,397,229 shares of the insurance provider’s stock valued at $62,982,000 after purchasing an additional 15,970,329 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of AMERISAFE by 55.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 696,095 shares of the insurance provider’s stock worth $26,737,000 after purchasing an additional 248,105 shares during the period. Millennium Management LLC increased its holdings in shares of AMERISAFE by 176.3% during the third quarter. Millennium Management LLC now owns 191,825 shares of the insurance provider’s stock worth $8,410,000 after purchasing an additional 122,387 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of AMERISAFE in the second quarter valued at approximately $4,345,000. Finally, Marshall Wace LLP raised its position in shares of AMERISAFE by 138.8% in the fourth quarter. Marshall Wace LLP now owns 164,648 shares of the insurance provider’s stock valued at $6,324,000 after buying an additional 95,687 shares in the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AMSF. Citizens Jmp cut their price target on AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Weiss Ratings lowered AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Zacks Research cut AMERISAFE from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Truist Financial cut their target price on AMERISAFE from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. Finally, Wall Street Zen raised AMERISAFE from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $44.00.

AMERISAFE Price Performance

AMSF stock opened at $29.04 on Monday. The company’s 50-day moving average price is $32.18 and its two-hundred day moving average price is $33.56. The firm has a market cap of $538.40 million, a P/E ratio of 11.71 and a beta of 0.24. AMERISAFE, Inc. has a 12 month low of $28.94 and a 12 month high of $47.86.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). The firm had revenue of $91.97 million for the quarter, compared to the consensus estimate of $85.09 million. AMERISAFE had a return on equity of 14.87% and a net margin of 14.00%. Equities analysts predict that AMERISAFE, Inc. will post 1.97 EPS for the current year.

AMERISAFE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, September 11th. AMERISAFE’s dividend payout ratio (DPR) is currently 66.13%.

About AMERISAFE

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.