AMERISAFE, Inc. (NASDAQ:AMSF) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,434 shares of the insurance provider’s stock after purchasing an additional 1,494 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.19% of AMERISAFE worth $1,878,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMSF. Public Sector Pension Investment Board boosted its position in AMERISAFE by 5.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 42,033 shares of the insurance provider’s stock valued at $1,845,000 after purchasing an additional 2,221 shares during the period. Bank of Montreal Can acquired a new position in AMERISAFE during the 2nd quarter worth $985,000. Marshall Wace LLP acquired a new position in AMERISAFE during the 2nd quarter worth $989,000. Cubist Systematic Strategies LLC boosted its position in AMERISAFE by 136.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 64,430 shares of the insurance provider’s stock worth $2,828,000 after acquiring an additional 37,224 shares during the period. Finally, AQR Capital Management LLC boosted its position in 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 acquiring an additional 9,806 shares during the period. Institutional investors and hedge funds own 97.41% of the company’s stock.

AMERISAFE Stock Performance

AMSF opened at $50.26 on Monday. AMERISAFE, Inc. has a one year low of $41.97 and a one year high of $60.24. The stock’s fifty day moving average is $53.53 and its 200-day moving average is $51.24. The company has a market capitalization of $957.45 million, a PE ratio of 15.71 and a beta of 0.35.

Analyst Ratings Changes

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