R Squared Ltd Trims Stock Position in AMERISAFE, Inc. $AMSF

R Squared Ltd decreased its stake in AMERISAFE, Inc. (NASDAQ:AMSF) by 36.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,859 shares of the insurance provider’s stock after selling 17,194 shares during the period. AMERISAFE accounts for 0.5% of R Squared Ltd’s investment portfolio, making the stock its 25th largest holding. R Squared Ltd owned about 0.16% of AMERISAFE worth $995,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Auto Owners Insurance Co raised its stake in AMERISAFE by 3,741.0% during the 4th 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. Goldman Sachs Group Inc. boosted its stake in AMERISAFE by 55.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 696,095 shares of the insurance provider’s stock valued at $26,737,000 after acquiring an additional 248,105 shares in the last quarter. Millennium Management LLC grew its holdings in shares of AMERISAFE by 176.3% during the third quarter. Millennium Management LLC now owns 191,825 shares of the insurance provider’s stock worth $8,410,000 after purchasing an additional 122,387 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of AMERISAFE during the fourth quarter worth about $4,145,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of AMERISAFE in the 2nd quarter valued at about $4,345,000. 97.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMSF. Wall Street Zen upgraded AMERISAFE from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Truist Financial reduced their price objective on AMERISAFE from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Citizens Jmp decreased their price objective on AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Finally, Weiss Ratings lowered shares of AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $44.67.

AMERISAFE Price Performance

Shares of NASDAQ:AMSF traded up $0.49 on Tuesday, reaching $35.14. The company’s stock had a trading volume of 26,257 shares, compared to its average volume of 210,740. AMERISAFE, Inc. has a 52-week low of $29.42 and a 52-week high of $47.86. The stock has a market capitalization of $657.12 million, a P/E ratio of 14.47 and a beta of 0.23. The stock’s 50-day moving average is $31.45 and its two-hundred day moving average is $34.34.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The company had revenue of $80.09 million for the quarter, compared to analysts’ expectations of $90.49 million. AMERISAFE had a return on equity of 15.34% and a net margin of 14.27%. Equities analysts forecast that AMERISAFE, Inc. will post 2.08 earnings per share for the current fiscal year.

AMERISAFE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 12th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Friday, June 12th. AMERISAFE’s dividend payout ratio (DPR) is 67.49%.

AMERISAFE Company 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.