8,760 Shares in AMERISAFE, Inc. (NASDAQ:AMSF) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 8,760 shares of the insurance provider's stock, valued at approximately $460,000.

A number of other hedge funds have also added to or reduced their stakes in AMSF. Lazard Asset Management LLC purchased a new position in AMERISAFE during the fourth quarter valued at $43,000. GAMMA Investing LLC lifted its holdings in shares of AMERISAFE by 19.1% in the 1st quarter. GAMMA Investing LLC now owns 1,600 shares of the insurance provider's stock worth $84,000 after buying an additional 257 shares during the period. KLP Kapitalforvaltning AS purchased a new position in AMERISAFE during the fourth quarter valued at approximately $180,000. Aquatic Capital Management LLC lifted its position in shares of AMERISAFE by 336.1% during the fourth quarter. Aquatic Capital Management LLC now owns 3,925 shares of the insurance provider's stock valued at $202,000 after buying an additional 3,025 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in AMERISAFE in the fourth quarter valued at about $283,000. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on AMSF. Truist Financial dropped their target price on AMERISAFE from $54.00 to $50.00 and set a "hold" rating on the stock in a research report on Monday, July 28th. JMP Securities reiterated a "market outperform" rating and issued a $65.00 target price on shares of AMERISAFE in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised shares of AMERISAFE from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.

Insider Buying and Selling at AMERISAFE

In other news, CFO Anastasios Omiridis sold 1,343 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $44.75, for a total transaction of $60,099.25. Following the completion of the transaction, the chief financial officer directly owned 2,253 shares in the company, valued at approximately $100,821.75. This represents a 37.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.61% of the stock is currently owned by company insiders.

AMERISAFE Stock Down 0.9%

NASDAQ:AMSF traded down $0.42 on Thursday, hitting $44.51. The stock had a trading volume of 39,748 shares, compared to its average volume of 106,459. AMERISAFE, Inc. has a 1-year low of $42.48 and a 1-year high of $60.24. The stock has a market cap of $845.15 million, a price-to-earnings ratio of 16.86 and a beta of 0.39. The company has a fifty day moving average price of $44.70 and a two-hundred day moving average price of $47.91.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last posted its earnings results on Thursday, July 24th. The insurance provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.02). AMERISAFE had a net margin of 16.46% and a return on equity of 16.54%. The company had revenue of $79.70 million during the quarter, compared to analysts' expectations of $77.30 million. As a group, analysts anticipate that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, September 12th. AMERISAFE's dividend payout ratio (DPR) is 59.09%.

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.