Assenagon Asset Management S.A. Has $3.58 Million Holdings in AMERISAFE, Inc. (NASDAQ:AMSF)

Assenagon Asset Management S.A. decreased its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 39.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 69,391 shares of the insurance provider’s stock after selling 44,697 shares during the period. Assenagon Asset Management S.A.’s holdings in AMERISAFE were worth $3,576,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of AMERISAFE by 8.5% in the 3rd quarter. State Street Corp now owns 811,561 shares of the insurance provider’s stock valued at $39,223,000 after buying an additional 63,638 shares during the period. Barclays PLC grew its stake in AMERISAFE by 365.6% in the third quarter. Barclays PLC now owns 33,219 shares of the insurance provider’s stock valued at $1,605,000 after acquiring an additional 26,084 shares during the period. Jane Street Group LLC increased its holdings in shares of AMERISAFE by 70.6% in the third quarter. Jane Street Group LLC now owns 41,299 shares of the insurance provider’s stock worth $1,996,000 after acquiring an additional 17,084 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of AMERISAFE during the second quarter worth about $591,000. Finally, BNP Paribas Financial Markets raised its position in shares of AMERISAFE by 6.9% during the third quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock worth $284,000 after purchasing an additional 381 shares during the period. Institutional investors own 97.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMSF. 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 upped their price target on shares of AMERISAFE from $48.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th.

AMERISAFE Price Performance

Shares of AMERISAFE stock opened at $51.11 on Wednesday. The stock’s 50-day moving average is $54.21 and its 200-day moving average is $51.04. AMERISAFE, Inc. has a one year low of $41.97 and a one year high of $60.24. The firm has a market cap of $973.65 million, a price-to-earnings ratio of 15.97 and a beta of 0.35.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The firm had revenue of $78.70 million during the quarter, compared to the consensus estimate of $75.38 million. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, equities analysts expect 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.