AMERISAFE, Inc. $AMSF Shares Acquired by R Squared Ltd

R Squared Ltd lifted its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 75.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,262 shares of the insurance provider’s stock after acquiring an additional 3,566 shares during the quarter. R Squared Ltd’s holdings in AMERISAFE were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Values First Advisors Inc. raised its position in shares of AMERISAFE by 46.7% during the 2nd quarter. Values First Advisors Inc. now owns 7,867 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 2,503 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of AMERISAFE during the 2nd quarter valued at approximately $113,000. Inspire Investing LLC raised its position in shares of AMERISAFE by 35.7% during the 2nd quarter. Inspire Investing LLC now owns 8,914 shares of the insurance provider’s stock valued at $390,000 after acquiring an additional 2,347 shares in the last quarter. KLP Kapitalforvaltning AS increased its position in AMERISAFE by 9.9% in the second quarter. KLP Kapitalforvaltning AS now owns 16,700 shares of the insurance provider’s stock worth $730,000 after buying an additional 1,500 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in AMERISAFE by 11.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,324 shares of the insurance provider’s stock worth $758,000 after buying an additional 1,800 shares during the period. 97.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Anastasios Omiridis sold 1,343 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $44.75, for a total value of $60,099.25. Following the completion of the transaction, the chief financial officer owned 2,253 shares of the company’s stock, valued at approximately $100,821.75. This represents a 37.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMSF. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AMERISAFE in a research report on Friday. JMP Securities dropped their target price on AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 14th. Truist Financial dropped their target price on AMERISAFE from $54.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, July 28th. Finally, Wall Street Zen raised AMERISAFE from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.00.

AMERISAFE Stock Performance

NASDAQ:AMSF opened at $41.45 on Friday. AMERISAFE, Inc. has a 1 year low of $40.03 and a 1 year high of $60.24. The stock has a market cap of $787.18 million, a price-to-earnings ratio of 15.70 and a beta of 0.32. The business has a fifty day moving average of $43.90 and a 200-day moving average of $45.29.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). AMERISAFE had a return on equity of 16.54% and a net margin of 16.46%.The business had revenue of $79.70 million during the quarter, compared to the consensus estimate of $77.30 million. On average, equities research analysts predict that AMERISAFE, Inc. will post 2.45 EPS for the current 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.