Auto Owners Insurance Co Has $62.98 Million Holdings in AMERISAFE, Inc. $AMSF

Auto Owners Insurance Co grew its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 3,741.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,397,229 shares of the insurance provider’s stock after acquiring an additional 15,970,329 shares during the quarter. Auto Owners Insurance Co owned 0.87% of AMERISAFE worth $62,982,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Clearstead Advisors LLC lifted its stake in shares of AMERISAFE by 142.4% in 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 during the period. Hantz Financial Services Inc. increased its stake in shares of AMERISAFE by 159.6% in the 4th quarter. Hantz Financial Services Inc. now owns 714 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 439 shares in the last quarter. Quarry LP lifted its position in shares of AMERISAFE by 346.9% during the 3rd quarter. Quarry LP now owns 943 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 732 shares during the period. Kemnay Advisory Services Inc. acquired a new position in shares of AMERISAFE during the 4th quarter valued at $54,000. Finally, Danske Bank A S bought a new position in shares of AMERISAFE during the 4th quarter worth about $73,000. 97.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMSF. Citizens Jmp cut their price target on AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating on the stock in a report on Monday, April 13th. Truist Financial decreased their price objective on AMERISAFE from $36.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Wall Street Zen upgraded shares of AMERISAFE from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings upgraded shares of AMERISAFE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, AMERISAFE presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

AMERISAFE Stock Performance

NASDAQ:AMSF opened at $31.32 on Friday. AMERISAFE, Inc. has a 52-week low of $29.42 and a 52-week high of $47.86. The firm has a market cap of $585.81 million, a price-to-earnings ratio of 12.89 and a beta of 0.24. The business’s fifty day moving average is $31.34 and its 200 day moving average is $34.77.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). AMERISAFE had a return on equity of 15.34% and a net margin of 14.27%.The company had revenue of $80.09 million for the quarter, compared to analysts’ expectations of $90.49 million. Equities analysts predict that AMERISAFE, Inc. will post 2.08 EPS for the current fiscal year.

AMERISAFE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 12th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Friday, June 12th. AMERISAFE’s payout ratio is 67.49%.

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.