30,887 Shares in AMERISAFE, Inc. $AMSF Purchased by Ieq Capital LLC

Ieq Capital LLC bought a new stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 30,887 shares of the insurance provider’s stock, valued at approximately $1,045,000.

Several other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of AMERISAFE by 6.7% in the first quarter. Bank of America Corp DE now owns 623,697 shares of the insurance provider’s stock valued at $20,788,000 after purchasing an additional 39,168 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in AMERISAFE by 19.3% during the 1st quarter. Renaissance Technologies LLC now owns 261,375 shares of the insurance provider’s stock worth $8,712,000 after buying an additional 42,375 shares in the last quarter. Sei Investments Co. boosted its position in AMERISAFE by 125.0% in the 1st quarter. Sei Investments Co. now owns 138,584 shares of the insurance provider’s stock valued at $4,619,000 after buying an additional 76,989 shares during the period. Royce & Associates LP boosted its position in AMERISAFE by 10.0% in the 4th quarter. Royce & Associates LP now owns 611,371 shares of the insurance provider’s stock valued at $23,483,000 after buying an additional 55,750 shares during the period. Finally, Auto Owners Insurance Co grew its stake in shares of AMERISAFE by 3,741.0% in the fourth quarter. Auto Owners Insurance Co now owns 16,397,229 shares of the insurance provider’s stock worth $62,982,000 after acquiring an additional 15,970,329 shares in the last quarter. 97.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMSF. Weiss Ratings lowered AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Zacks Research cut AMERISAFE from a “hold” rating to a “strong sell” rating in a research note on Monday, July 27th. Truist Financial cut their price target on AMERISAFE from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Finally, Wall Street Zen raised AMERISAFE from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AMERISAFE currently has a consensus rating of “Hold” and a consensus target price of $44.00.

AMERISAFE Stock Up 0.4%

Shares of AMERISAFE stock opened at $26.29 on Thursday. AMERISAFE, Inc. has a 52-week low of $25.65 and a 52-week high of $47.86. The company has a market capitalization of $487.42 million, a P/E ratio of 10.60 and a beta of 0.24. The company has a 50 day moving average of $30.93 and a 200 day moving average of $32.26.

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

AMERISAFE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Friday, September 11th. AMERISAFE’s dividend payout ratio is 66.13%.

AMERISAFE Profile

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.