Jane Street Group LLC Acquires 17,084 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Jane Street Group LLC increased its stake in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 70.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,299 shares of the insurance provider's stock after purchasing an additional 17,084 shares during the period. Jane Street Group LLC owned 0.22% of AMERISAFE worth $1,996,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. acquired a new position in AMERISAFE during the third quarter valued at approximately $28,000. Quarry LP lifted its holdings in shares of AMERISAFE by 1,028.4% in the second quarter. Quarry LP now owns 756 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 689 shares in the last quarter. Isthmus Partners LLC grew its holdings in shares of AMERISAFE by 14.4% during the second quarter. Isthmus Partners LLC now owns 76,870 shares of the insurance provider's stock worth $34,000 after buying an additional 9,672 shares in the last quarter. GAMMA Investing LLC raised its position in AMERISAFE by 97.1% in the 3rd quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider's stock valued at $40,000 after buying an additional 405 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in AMERISAFE during the 2nd quarter worth approximately $100,000. Institutional investors and hedge funds own 97.41% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Truist Financial increased their target price on shares of AMERISAFE from $48.00 to $54.00 and gave the stock a "hold" rating in a report on Friday, October 25th. JMP Securities reissued a "market outperform" rating and set a $65.00 price target on shares of AMERISAFE in a research report on Tuesday, October 15th.

AMERISAFE Stock Performance

NASDAQ:AMSF traded up $0.51 during mid-day trading on Wednesday, hitting $52.15. The stock had a trading volume of 33,025 shares, compared to its average volume of 125,223. AMERISAFE, Inc. has a twelve month low of $41.97 and a twelve month high of $60.24. The stock has a market cap of $993.46 million, a price-to-earnings ratio of 16.30 and a beta of 0.33. The company's 50 day simple moving average is $55.56 and its 200 day simple moving average is $49.99.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. The business had revenue of $78.70 million for the quarter, compared to analyst estimates of $75.38 million. During the same period in the previous year, the firm earned $0.61 EPS. As a group, equities analysts forecast that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 6th were paid a dividend of $3.37 per share. This represents a $13.48 dividend on an annualized basis and a dividend yield of 25.85%. The ex-dividend date was Friday, December 6th. This is a boost from AMERISAFE's previous quarterly dividend of $0.37. AMERISAFE's dividend payout ratio (DPR) is currently 46.25%.

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.