Mirae Asset Global Investments Co. Ltd. Acquires 1,731 Shares of AMERISAFE, Inc. (NASDAQ:AMSF)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSF) by 12.5% during the 1st quarter, Holdings Channel reports. The fund owned 15,524 shares of the insurance provider’s stock after buying an additional 1,731 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in AMERISAFE were worth $818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in AMERISAFE during the 4th quarter worth about $43,000. GAMMA Investing LLC grew its holdings in AMERISAFE by 19.1% during the 1st quarter. GAMMA Investing LLC now owns 1,600 shares of the insurance provider’s stock worth $84,000 after acquiring an additional 257 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of AMERISAFE in the 4th quarter valued at about $180,000. Aquatic Capital Management LLC boosted its holdings in shares of AMERISAFE by 336.1% in the 4th quarter. Aquatic Capital Management LLC now owns 3,925 shares of the insurance provider’s stock valued at $202,000 after buying an additional 3,025 shares in the last quarter. Finally, Corient Private Wealth LLC bought a new stake in shares of AMERISAFE in the 4th quarter valued at about $207,000. 97.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and issued a $65.00 price target on shares of AMERISAFE in a report on Wednesday, April 30th.

AMERISAFE Stock Performance

NASDAQ:AMSF opened at $43.83 on Friday. AMERISAFE, Inc. has a fifty-two week low of $42.48 and a fifty-two week high of $60.24. The stock has a market capitalization of $834.96 million, a P/E ratio of 17.67 and a beta of 0.40. The company’s 50-day simple moving average is $45.85 and its 200-day simple moving average is $48.94.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings results on Tuesday, April 29th. The insurance provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. AMERISAFE had a net margin of 15.76% and a return on equity of 16.41%. The business had revenue of $83.78 million for the quarter, compared to analysts’ expectations of $76.66 million. On average, research analysts forecast that AMERISAFE, Inc. will post 2.45 EPS for the current year.

AMERISAFE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 13th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Friday, June 13th. AMERISAFE’s payout ratio is currently 62.90%.

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.