State Street Corp Raises Stock Position in AMERISAFE, Inc. (NASDAQ:AMSF)

State Street Corp lifted its position in AMERISAFE, Inc. (NASDAQ:AMSF - Free Report) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 811,561 shares of the insurance provider's stock after purchasing an additional 63,638 shares during the quarter. State Street Corp owned about 4.26% of AMERISAFE worth $39,223,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Diversified Trust Co lifted its position in AMERISAFE by 3.8% during the third quarter. Diversified Trust Co now owns 8,916 shares of the insurance provider's stock valued at $431,000 after purchasing an additional 325 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of AMERISAFE by 6.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider's stock valued at $284,000 after acquiring an additional 381 shares during the last quarter. GAMMA Investing LLC grew its position in AMERISAFE by 97.1% in the third quarter. GAMMA Investing LLC now owns 822 shares of the insurance provider's stock worth $40,000 after acquiring an additional 405 shares in the last quarter. Inspire Investing LLC increased its stake in AMERISAFE by 5.7% during the third quarter. Inspire Investing LLC now owns 8,503 shares of the insurance provider's stock worth $411,000 after acquiring an additional 461 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in AMERISAFE during the third quarter valued at approximately $28,000. 97.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

AMERISAFE Stock Performance

AMERISAFE stock traded up $0.81 during midday trading on Friday, hitting $52.47. 386,058 shares of the company's stock were exchanged, compared to its average volume of 125,723. AMERISAFE, Inc. has a 12 month low of $41.97 and a 12 month high of $60.24. The company has a market cap of $999.55 million, a PE ratio of 16.40 and a beta of 0.33. The firm has a 50-day moving average of $55.47 and a two-hundred day moving average of $49.82.

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

AMERISAFE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 6th were given a $3.37 dividend. This represents a $13.48 annualized dividend and a dividend yield of 25.69%. This is a positive change from AMERISAFE's previous quarterly dividend of $0.37. The ex-dividend date was Friday, December 6th. AMERISAFE's payout ratio is presently 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.