1,923 Shares in AMERISAFE, Inc. (NASDAQ:AMSF) Purchased by R Squared Ltd

R Squared Ltd acquired a new stake in shares of AMERISAFE, Inc. (NASDAQ:AMSF) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,923 shares of the insurance provider’s stock, valued at approximately $99,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its position in shares of AMERISAFE by 4.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 36,434 shares of the insurance provider’s stock valued at $1,878,000 after acquiring an additional 1,494 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in AMERISAFE by 1,328.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,914 shares of the insurance provider’s stock valued at $305,000 after purchasing an additional 5,500 shares during the period. GAMMA Investing LLC lifted its holdings in shares of AMERISAFE by 63.4% in the fourth quarter. GAMMA Investing LLC now owns 1,343 shares of the insurance provider’s stock valued at $69,000 after purchasing an additional 521 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of AMERISAFE by 17.5% in the third quarter. JPMorgan Chase & Co. now owns 34,726 shares of the insurance provider’s stock worth $1,678,000 after buying an additional 5,168 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of AMERISAFE in the third quarter worth $200,000. 97.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

AMERISAFE Price Performance

Shares of NASDAQ AMSF opened at $49.95 on Friday. AMERISAFE, Inc. has a one year low of $41.97 and a one year high of $60.24. The business’s 50-day moving average price is $53.11 and its two-hundred day moving average price is $51.31. The company has a market capitalization of $951.55 million, a P/E ratio of 15.61 and a beta of 0.35.

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.