Campbell & CO Investment Adviser LLC Grows Stake in AMERISAFE, Inc. $AMSF

Campbell & CO Investment Adviser LLC lifted its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 243.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,284 shares of the insurance provider’s stock after purchasing an additional 11,546 shares during the period. Campbell & CO Investment Adviser LLC owned 0.09% of AMERISAFE worth $712,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Nuveen LLC purchased a new stake in AMERISAFE in the first quarter worth $8,466,000. Goldman Sachs Group Inc. increased its holdings in AMERISAFE by 82.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 217,280 shares of the insurance provider’s stock worth $11,418,000 after acquiring an additional 98,293 shares during the last quarter. Royce & Associates LP raised its stake in AMERISAFE by 29.6% in the 1st quarter. Royce & Associates LP now owns 395,756 shares of the insurance provider’s stock valued at $20,797,000 after acquiring an additional 90,395 shares during the period. Westwood Holdings Group Inc. boosted its position in AMERISAFE by 13.2% during the first quarter. Westwood Holdings Group Inc. now owns 684,558 shares of the insurance provider’s stock worth $35,974,000 after purchasing an additional 79,750 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of AMERISAFE by 9.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 723,562 shares of the insurance provider’s stock worth $38,023,000 after purchasing an additional 61,767 shares in the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

AMERISAFE Trading Up 0.4%

Shares of NASDAQ AMSF opened at $41.57 on Friday. The business has a 50-day moving average of $42.23 and a 200-day moving average of $44.37. The firm has a market capitalization of $786.67 million, a price-to-earnings ratio of 15.93 and a beta of 0.33. AMERISAFE, Inc. has a 12 month low of $39.09 and a 12 month high of $59.51.

AMERISAFE (NASDAQ:AMSF) last announced its earnings results on Wednesday, October 29th. The insurance provider reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $71.29 million during the quarter, compared to analyst estimates of $78.29 million. AMERISAFE had a net margin of 16.12% and a return on equity of 17.16%. On average, analysts predict that AMERISAFE, Inc. will post 2.45 earnings per share for the current year.

AMERISAFE Announces Dividend

The company also recently declared a special dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, December 5th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, December 5th. This represents a yield of 394.0%. AMERISAFE’s dividend payout ratio (DPR) is presently 59.77%.

Analyst Ratings Changes

Several research firms recently commented on AMSF. Wall Street Zen downgraded shares of AMERISAFE from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of AMERISAFE in a research report on Wednesday, October 8th. Citigroup restated a “market outperform” rating on shares of AMERISAFE in a research note on Thursday, October 30th. JMP Securities decreased their price target on AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 14th. Finally, Truist Financial cut their price objective on shares of AMERISAFE from $54.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

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.