Bank of New York Mellon Corp Invests $3.58 Million in AMERISAFE, Inc. $AMSF

Key Points

• Bank of New York Mellon acquired 105,904 AMERISAFE shares worth approximately $3.58 million, representing a 0.57% stake. Institutional investors collectively own 97.41% of the company.
• AMERISAFE reported quarterly EPS of $0.44, below the $0.52 consensus estimate, although revenue of $91.97 million exceeded analysts’ $85.09 million forecast. The stock opened at $25.99, near its 52-week low.
• The company declared a quarterly dividend of $0.41 per share, equating to an annualized yield of about 6.3%. Analyst sentiment remains mixed, with an overall “Hold” rating and a $44 average price target, despite recent downgrades.

Bank of New York Mellon Corp acquired a new stake in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 105,904 shares of the insurance provider's stock, valued at approximately $3,583,000. Bank of New York Mellon Corp owned 0.57% of AMERISAFE as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Bank of America Corp DE raised its position in AMERISAFE by 6.7% in the first quarter. Bank of America Corp DE now owns 623,697 shares of the insurance provider's stock worth $20,788,000 after acquiring an additional 39,168 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of AMERISAFE by 19.3% during the 1st quarter. Renaissance Technologies LLC now owns 261,375 shares of the insurance provider's stock valued at $8,712,000 after purchasing an additional 42,375 shares in the last quarter. Sei Investments Co. boosted its position in shares of AMERISAFE by 125.0% during the 1st quarter. Sei Investments Co. now owns 138,584 shares of the insurance provider's stock valued at $4,619,000 after purchasing an additional 76,989 shares in the last quarter. Royce & Associates LP grew its stake in shares of AMERISAFE by 10.0% in the 4th quarter. Royce & Associates LP now owns 611,371 shares of the insurance provider's stock worth $23,483,000 after purchasing an additional 55,750 shares during the last quarter. Finally, Auto Owners Insurance Co grew its stake in shares of AMERISAFE by 3,741.0% in the 4th quarter. Auto Owners Insurance Co now owns 16,397,229 shares of the insurance provider's stock worth $62,982,000 after purchasing an additional 15,970,329 shares during the last quarter. Institutional investors own 97.41% of the company's stock.

AMERISAFE Price Performance

NASDAQ:AMSF opened at $25.99 on Monday. The stock has a fifty day simple moving average of $30.10 and a 200 day simple moving average of $31.66. The firm has a market capitalization of $481.85 million, a price-to-earnings ratio of 10.48 and a beta of 0.23. AMERISAFE, Inc. has a 1-year low of $25.63 and a 1-year high of $47.86.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). AMERISAFE had a return on equity of 14.87% and a net margin of 14.00%.The company had revenue of $91.97 million for the quarter, compared to analyst estimates of $85.09 million. Equities analysts predict that AMERISAFE, Inc. will post 1.97 earnings per share for the current year.

AMERISAFE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, September 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.3%. AMERISAFE's payout ratio is currently 66.13%.

Analysts Set New Price Targets

AMSF has been the topic of a number of research reports. Weiss Ratings downgraded shares of AMERISAFE from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, July 28th. Truist Financial reduced their target price on shares of AMERISAFE from $34.00 to $32.00 and set a "hold" rating for the company in a report on Thursday, July 23rd. Zacks Research lowered shares of AMERISAFE from a "hold" rating to a "strong sell" rating in a research report on Monday, July 27th. Finally, Wall Street Zen raised AMERISAFE from a "strong sell" rating to a "sell" rating in a report on Saturday, May 23rd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $44.00.

AMERISAFE 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.

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