AMERISAFE, Inc. (NASDAQ:AMSF) Shares Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 136.8% during the second quarter, Holdings Channel.com reports. The firm owned 64,430 shares of the insurance provider’s stock after acquiring an additional 37,224 shares during the period. Cubist Systematic Strategies LLC’s holdings in AMERISAFE were worth $2,828,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Isthmus Partners LLC boosted its stake in AMERISAFE by 14.4% in the second 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. Point72 DIFC Ltd acquired a new position in AMERISAFE during the 2nd quarter worth approximately $100,000. EntryPoint Capital LLC grew its holdings in AMERISAFE by 22.0% during the first quarter. EntryPoint Capital LLC now owns 2,082 shares of the insurance provider’s stock worth $104,000 after acquiring an additional 376 shares during the period. SG Americas Securities LLC purchased a new position in shares of AMERISAFE in the 1st quarter valued at about $154,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of 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 acquiring an additional 828 shares during the period. Hedge funds and other institutional investors own 97.41% of the company’s stock.

AMERISAFE Stock Performance

AMSF stock opened at $48.32 on Monday. The stock has a 50-day simple moving average of $48.29 and a 200-day simple moving average of $47.00. The firm has a market cap of $924.60 million, a P/E ratio of 15.05 and a beta of 0.34. AMERISAFE, Inc. has a 1 year low of $41.97 and a 1 year high of $54.80.

AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Monday, July 29th. The insurance provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.03). The business had revenue of $75.83 million for the quarter, compared to analyst estimates of $74.20 million. AMERISAFE had a net margin of 18.46% and a return on equity of 16.38%. During the same quarter in the prior year, the business earned $0.73 earnings per share. On average, equities research analysts predict that AMERISAFE, Inc. will post 2.4 EPS for the current year.

AMERISAFE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Friday, September 6th. AMERISAFE’s dividend payout ratio is presently 46.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JMP Securities reissued a “market outperform” rating and issued a $65.00 price objective on shares of AMERISAFE in a research note on Tuesday, July 30th. StockNews.com upgraded shares of AMERISAFE from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

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.