Point72 DIFC Ltd Invests $100,000 in AMERISAFE, Inc. (NASDAQ:AMSF)

Point72 DIFC Ltd bought a new stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,276 shares of the insurance provider’s stock, valued at approximately $100,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMSF. M&G Plc purchased a new stake in shares of AMERISAFE in the first quarter valued at $23,251,000. Vanguard Group Inc. boosted its stake in shares of AMERISAFE by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 1,472,739 shares of the insurance provider’s stock worth $73,887,000 after purchasing an additional 115,676 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of AMERISAFE by 18.4% during the fourth quarter. Westwood Holdings Group Inc. now owns 678,321 shares of the insurance provider’s stock worth $31,732,000 after buying an additional 105,414 shares in the last quarter. Champlain Investment Partners LLC raised its position in shares of AMERISAFE by 12.8% in the first quarter. Champlain Investment Partners LLC now owns 855,916 shares of the insurance provider’s stock valued at $42,941,000 after buying an additional 97,280 shares during the last quarter. Finally, Granite Investment Partners LLC lifted its stake in shares of AMERISAFE by 136.0% during the second quarter. Granite Investment Partners LLC now owns 147,654 shares of the insurance provider’s stock valued at $6,481,000 after buying an additional 85,089 shares during the period. Institutional investors and hedge funds own 97.41% of the company’s stock.

AMERISAFE Stock Up 2.3 %

AMSF stock opened at $49.45 on Wednesday. AMERISAFE, Inc. has a 52 week low of $41.97 and a 52 week high of $54.80. The company has a market cap of $946.23 million, a price-to-earnings ratio of 15.40 and a beta of 0.34. The business has a fifty day simple moving average of $48.32 and a 200-day simple moving average of $46.94.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings data on Monday, July 29th. The insurance provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). AMERISAFE had a return on equity of 16.38% and a net margin of 18.46%. The firm had revenue of $75.83 million during the quarter, compared to analysts’ expectations of $74.20 million. During the same quarter last year, the business earned $0.73 earnings per share. As a group, analysts expect that AMERISAFE, Inc. will post 2.4 earnings per share for the current fiscal year.

AMERISAFE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.48 annualized dividend and a dividend yield of 2.99%. AMERISAFE’s payout ratio is 46.11%.

Analysts Set New Price Targets

Several research analysts have weighed in on AMSF shares. JMP Securities reissued a “market outperform” rating and set a $65.00 price target on shares of AMERISAFE in a research note on Tuesday, July 30th. StockNews.com raised AMERISAFE from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

AMERISAFE Company 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.