HighTower Advisors LLC Grows Position in AMERISAFE, Inc. (NASDAQ:AMSF)

HighTower Advisors LLC boosted its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 13.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,940 shares of the insurance provider’s stock after buying an additional 962 shares during the period. HighTower Advisors LLC’s holdings in AMERISAFE were worth $388,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. purchased a new stake in shares of AMERISAFE in the 3rd quarter valued at approximately $28,000. Quarry LP raised its position in AMERISAFE by 1,028.4% in the second quarter. Quarry LP now owns 756 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 689 shares during the period. Isthmus Partners LLC lifted its stake in AMERISAFE by 14.4% during the second quarter. Isthmus Partners LLC now owns 76,870 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 9,672 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of AMERISAFE by 97.1% during the third quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider’s stock worth $40,000 after buying an additional 405 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in shares of AMERISAFE in the second quarter valued at $100,000. Institutional investors and hedge funds own 97.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on AMSF shares. JMP Securities reissued a “market outperform” rating and set a $65.00 target price on shares of AMERISAFE in a research note on Tuesday, October 15th. Truist Financial increased their price target on shares of AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th.

AMERISAFE Trading Up 1.6 %

Shares of NASDAQ AMSF opened at $52.47 on Monday. The stock has a market cap of $999.55 million, a P/E ratio of 16.40 and a beta of 0.33. The business’s fifty day simple moving average is $55.47 and its 200-day simple moving average is $49.87. AMERISAFE, Inc. has a 12-month low of $41.97 and a 12-month high of $60.24.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $78.70 million for the quarter, compared to analyst estimates of $75.38 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. During the same quarter last year, the company earned $0.61 EPS. On average, equities analysts forecast that AMERISAFE, Inc. will post 2.45 EPS for the current fiscal year.

AMERISAFE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 6th were paid a $3.37 dividend. The ex-dividend date was Friday, December 6th. This represents a $13.48 dividend on an annualized basis and a yield of 25.69%. This is an increase from AMERISAFE’s previous quarterly dividend of $0.37. AMERISAFE’s payout ratio is currently 46.25%.

About AMERISAFE

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.