Morgan Stanley Has $8.59 Million Position in Amerisafe, Inc. (AMSF)

Morgan Stanley increased its stake in Amerisafe, Inc. (NASDAQ:AMSF) by 117.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,608 shares of the insurance provider’s stock after purchasing an additional 74,804 shares during the quarter. Morgan Stanley owned approximately 0.72% of Amerisafe worth $8,587,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE increased its stake in Amerisafe by 4.7% in the 2nd quarter. Bank of America Corp DE now owns 126,124 shares of the insurance provider’s stock worth $7,283,000 after purchasing an additional 5,718 shares in the last quarter. Legal & General Group Plc grew its stake in Amerisafe by 8.4% during the 3rd quarter. Legal & General Group Plc now owns 41,138 shares of the insurance provider’s stock valued at $2,538,000 after acquiring an additional 3,184 shares in the last quarter. Standard Life Aberdeen plc grew its stake in Amerisafe by 6.4% during the 3rd quarter. Standard Life Aberdeen plc now owns 509,320 shares of the insurance provider’s stock valued at $31,578,000 after acquiring an additional 30,558 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Amerisafe by 2.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 302,412 shares of the insurance provider’s stock valued at $18,735,000 after acquiring an additional 7,047 shares in the last quarter. Finally, Granite Investment Partners LLC grew its stake in Amerisafe by 4.0% during the 3rd quarter. Granite Investment Partners LLC now owns 174,030 shares of the insurance provider’s stock valued at $10,782,000 after acquiring an additional 6,628 shares in the last quarter.

Several equities analysts have weighed in on the company. BidaskClub raised Amerisafe from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered Amerisafe from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine lowered Amerisafe from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a report on Thursday, October 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Amerisafe has a consensus rating of “Hold” and a consensus target price of $65.00.

Shares of Amerisafe stock opened at $61.52 on Tuesday. The stock has a market cap of $1.19 billion, a PE ratio of 19.97 and a beta of 0.53. Amerisafe, Inc. has a 52-week low of $50.46 and a 52-week high of $67.96.

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Amerisafe Company Profile

AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.

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Institutional Ownership by Quarter for Amerisafe (NASDAQ:AMSF)

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