AMERISAFE, Inc. (NASDAQ:AMSF) Stock Position Increased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,434 shares of the insurance provider’s stock after purchasing an additional 1,494 shares during the period. Exchange Traded Concepts LLC’s holdings in AMERISAFE were worth $1,878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMSF. Public Sector Pension Investment Board raised its position in shares of AMERISAFE by 5.6% during the second quarter. Public Sector Pension Investment Board now owns 42,033 shares of the insurance provider’s stock worth $1,845,000 after purchasing an additional 2,221 shares during the period. Bank of Montreal Can acquired a new stake in shares of AMERISAFE during the second quarter worth $985,000. Marshall Wace LLP acquired a new stake in shares of AMERISAFE during the second quarter worth $989,000. Cubist Systematic Strategies LLC raised its position in shares of AMERISAFE by 136.8% during the second quarter. Cubist Systematic Strategies LLC now owns 64,430 shares of the insurance provider’s stock worth $2,828,000 after purchasing an additional 37,224 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of AMERISAFE by 13.4% during the second quarter. AQR Capital Management LLC now owns 83,033 shares of the insurance provider’s stock worth $3,644,000 after purchasing an additional 9,806 shares during the period. 97.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Truist Financial boosted their target price on AMERISAFE from $48.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. JMP Securities reissued a “market outperform” rating and issued a $65.00 price objective on shares of AMERISAFE in a research note on Tuesday, October 15th.

AMERISAFE Trading Up 0.4 %

Shares of AMERISAFE stock opened at $50.26 on Monday. The stock has a 50-day moving average price of $53.53 and a 200 day moving average price of $51.24. The company has a market cap of $957.45 million, a P/E ratio of 15.71 and a beta of 0.35. AMERISAFE, Inc. has a 1 year low of $41.97 and a 1 year high of $60.24.

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.