M&G PLC Sells 6,592 Shares of AMERISAFE, Inc. $AMSF

M&G PLC trimmed its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 365,238 shares of the insurance provider’s stock after selling 6,592 shares during the period. M&G PLC owned approximately 1.92% of AMERISAFE worth $16,070,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Signaturefd LLC grew its position in AMERISAFE by 170.5% in the second quarter. Signaturefd LLC now owns 779 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 491 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in AMERISAFE by 301.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,554 shares of the insurance provider’s stock worth $82,000 after purchasing an additional 1,167 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of AMERISAFE in the 2nd quarter worth about $113,000. R Squared Ltd raised its holdings in shares of AMERISAFE by 144.2% during the 1st quarter. R Squared Ltd now owns 4,696 shares of the insurance provider’s stock valued at $247,000 after buying an additional 2,773 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of AMERISAFE during the 1st quarter valued at about $310,000. 97.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AMSF shares. Wall Street Zen lowered shares of AMERISAFE from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Citigroup restated a “market outperform” rating on shares of AMERISAFE in a research report on Thursday, October 30th. Truist Financial decreased their price objective on AMERISAFE from $54.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, July 28th. JMP Securities dropped their target price on AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating for the company in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AMERISAFE in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.00.

AMERISAFE Trading Up 0.3%

Shares of AMSF opened at $41.19 on Thursday. AMERISAFE, Inc. has a 1-year low of $39.09 and a 1-year high of $59.84. The firm’s 50-day moving average price is $42.43 and its 200-day moving average price is $44.44. The firm has a market capitalization of $779.48 million, a price-to-earnings ratio of 15.78 and a beta of 0.33.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. AMERISAFE had a net margin of 16.12% and a return on equity of 17.16%. The business had revenue of $81.98 million during the quarter, compared to analyst estimates of $78.29 million. On average, research analysts forecast that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Dividend Announcement

The company also recently declared a special dividend, which will be paid on Friday, December 12th. Investors of record on Friday, December 5th will be paid a $1.00 dividend. This represents a yield of 394.0%. The ex-dividend date of this dividend is Friday, December 5th. AMERISAFE’s dividend payout ratio is presently 59.77%.

AMERISAFE 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.