Public Employees Retirement System of Ohio Takes $1.34 Million Position in AMERISAFE, Inc. $AMSF

Public Employees Retirement System of Ohio purchased a new position in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 39,724 shares of the insurance provider's stock, valued at approximately $1,344,000. Public Employees Retirement System of Ohio owned approximately 0.21% of AMERISAFE at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Clearstead Advisors LLC increased its stake in AMERISAFE by 142.4% during the 4th quarter. Clearstead Advisors LLC now owns 657 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 386 shares in the last quarter. Global Retirement Partners LLC purchased a new position in AMERISAFE in the second quarter worth about $26,000. Hantz Financial Services Inc. lifted its stake in shares of AMERISAFE by 159.6% in the fourth quarter. Hantz Financial Services Inc. now owns 714 shares of the insurance provider's stock worth $27,000 after buying an additional 439 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of AMERISAFE by 5,714.3% in the first quarter. Parallel Advisors LLC now owns 814 shares of the insurance provider's stock worth $27,000 after buying an additional 800 shares in the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of AMERISAFE during the second quarter valued at approximately $38,000. Institutional investors own 97.41% of the company's stock.

AMERISAFE Price Performance

Shares of AMERISAFE stock opened at $25.99 on Tuesday. The company has a market cap of $481.85 million, a price-to-earnings ratio of 10.48 and a beta of 0.23. The company's 50 day moving average is $29.95 and its 200 day moving average is $31.57. AMERISAFE, Inc. has a twelve month low of $25.63 and a twelve month high of $47.86.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of $85.09 million. Sell-side analysts expect that AMERISAFE, Inc. will post 1.97 EPS for the current fiscal year.

AMERISAFE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.64 annualized dividend and a dividend yield of 6.3%. AMERISAFE's payout ratio is presently 66.13%.

Wall Street Analyst Weigh In

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