Nisa Investment Advisors LLC Buys 5,500 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Nisa Investment Advisors LLC boosted its position in shares of AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 1,328.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,914 shares of the insurance provider's stock after purchasing an additional 5,500 shares during the quarter. Nisa Investment Advisors LLC's holdings in AMERISAFE were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in shares of AMERISAFE during the 2nd quarter worth about $985,000. Marshall Wace LLP acquired a new position in shares of AMERISAFE during the 2nd quarter worth about $989,000. AQR Capital Management LLC grew its position in shares of AMERISAFE by 13.4% during the 2nd quarter. AQR Capital Management LLC now owns 83,033 shares of the insurance provider's stock worth $3,644,000 after buying an additional 9,806 shares during the period. Millennium Management LLC grew its position in shares of AMERISAFE by 238.6% during the 2nd quarter. Millennium Management LLC now owns 61,946 shares of the insurance provider's stock worth $2,719,000 after buying an additional 43,649 shares during the period. Finally, Creative Planning grew its position in shares of AMERISAFE by 63.6% during the 2nd quarter. Creative Planning now owns 8,166 shares of the insurance provider's stock worth $358,000 after buying an additional 3,175 shares during the period. 97.41% of the stock is owned by institutional investors.

AMERISAFE Price Performance

NASDAQ:AMSF traded down $0.55 during trading hours on Thursday, reaching $49.95. 146,969 shares of the stock were exchanged, compared to its average volume of 74,188. AMERISAFE, Inc. has a twelve month low of $41.97 and a twelve month high of $60.24. The firm has a 50 day moving average of $53.11 and a 200 day moving average of $51.31. The stock has a market cap of $951.55 million, a PE ratio of 15.61 and a beta of 0.35.

Wall Street Analysts Forecast Growth

AMSF has been the subject of several analyst reports. JMP Securities restated a "market outperform" rating and set a $65.00 target price on shares of AMERISAFE in a research report on Tuesday, October 15th. Truist Financial boosted their price objective on AMERISAFE from $48.00 to $54.00 and gave the company a "hold" rating in a research report on Friday, October 25th.

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.