Y Intercept Hong Kong Ltd Has $1.79 Million Holdings in AMERISAFE, Inc. $AMSF

Y Intercept Hong Kong Ltd raised its holdings in AMERISAFE, Inc. (NASDAQ:AMSF) by 51.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,787 shares of the insurance provider’s stock after acquiring an additional 18,175 shares during the period. Y Intercept Hong Kong Ltd owned about 0.29% of AMERISAFE worth $1,793,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC boosted its stake in shares of AMERISAFE by 25.9% in the 1st quarter. Inspire Investing LLC now owns 15,386 shares of the insurance provider’s stock valued at $513,000 after purchasing an additional 3,168 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in AMERISAFE during the 1st quarter worth approximately $280,000. SG Americas Securities LLC increased its position in AMERISAFE by 29.3% during the 1st quarter. SG Americas Securities LLC now owns 10,621 shares of the insurance provider’s stock worth $354,000 after purchasing an additional 2,408 shares in the last quarter. Diversified Trust Co lifted its stake in AMERISAFE by 4.5% in the 1st quarter. Diversified Trust Co now owns 10,693 shares of the insurance provider’s stock valued at $356,000 after purchasing an additional 460 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in AMERISAFE by 57.0% in the 4th quarter. Hsbc Holdings PLC now owns 13,642 shares of the insurance provider’s stock valued at $523,000 after purchasing an additional 4,952 shares during the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AMSF. Truist Financial decreased their target price on shares of AMERISAFE from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Citizens Jmp dropped their price target on AMERISAFE from $50.00 to $45.00 and set a “market outperform” rating for the company in a research note on Monday, April 13th. Weiss Ratings lowered AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. Finally, Wall Street Zen upgraded AMERISAFE from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $44.67.

AMERISAFE Stock Down 2.5%

Shares of NASDAQ AMSF opened at $34.47 on Friday. The company has a market capitalization of $644.59 million, a PE ratio of 14.19 and a beta of 0.23. AMERISAFE, Inc. has a twelve month low of $29.42 and a twelve month high of $47.86. The firm has a fifty day simple moving average of $31.70 and a 200 day simple moving average of $34.25.

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

AMERISAFE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 12th were given a dividend of $0.41 per share. The ex-dividend date was Friday, June 12th. This represents a $1.64 annualized dividend and a dividend yield of 4.8%. AMERISAFE’s dividend payout ratio is presently 67.49%.

About AMERISAFE

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.