AMERISAFE, Inc. (NASDAQ:AMSF) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC raised its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 12.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,042 shares of the insurance provider’s stock after purchasing an additional 880 shares during the period. Inspire Investing LLC’s holdings in AMERISAFE were worth $353,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMSF. Isthmus Partners LLC increased its holdings in AMERISAFE by 14.4% during the 2nd quarter. Isthmus Partners LLC now owns 76,870 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 9,672 shares in the last quarter. EntryPoint Capital LLC raised its position in shares of AMERISAFE by 22.0% during the 1st quarter. EntryPoint Capital LLC now owns 2,082 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 376 shares during the last quarter. SG Americas Securities LLC purchased a new stake in AMERISAFE in the 1st quarter valued at approximately $154,000. PNC Financial Services Group Inc. grew its holdings in AMERISAFE by 26.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the insurance provider’s stock valued at $182,000 after buying an additional 828 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in AMERISAFE during the first quarter worth $253,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.

Wall Street Analysts Forecast Growth

AMSF has been the topic of several recent research reports. StockNews.com upgraded AMERISAFE from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. JMP Securities restated a “market outperform” rating and issued a $65.00 target price on shares of AMERISAFE in a report on Tuesday, July 30th.

AMERISAFE Stock Performance

AMSF stock opened at $47.91 on Monday. The company has a 50 day moving average price of $48.25 and a two-hundred day moving average price of $47.11. The stock has a market capitalization of $916.76 million, a P/E ratio of 14.93 and a beta of 0.34. AMERISAFE, Inc. has a one year low of $41.97 and a one year high of $54.80.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Monday, July 29th. The insurance provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). AMERISAFE had a net margin of 18.46% and a return on equity of 16.38%. The business had revenue of $75.83 million during the quarter, compared to analysts’ expectations of $74.20 million. During the same period in the prior year, the firm earned $0.73 EPS. Research analysts forecast that AMERISAFE, Inc. will post 2.4 earnings per share for the current fiscal year.

AMERISAFE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, September 6th. This represents a $1.48 annualized dividend and a dividend yield of 3.09%. AMERISAFE’s payout ratio is currently 46.11%.

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.