Perigon Wealth Management LLC Invests $694,000 in AMERISAFE, Inc. $AMSF

Perigon Wealth Management LLC bought a new position in shares of AMERISAFE, Inc. (NASDAQ:AMSF) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 20,514 shares of the insurance provider’s stock, valued at approximately $694,000. Perigon Wealth Management LLC owned 0.11% of AMERISAFE as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Auto Owners Insurance Co raised its holdings in AMERISAFE by 3,741.0% in the 4th quarter. Auto Owners Insurance Co now owns 16,397,229 shares of the insurance provider’s stock valued at $62,982,000 after acquiring an additional 15,970,329 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of AMERISAFE by 55.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 696,095 shares of the insurance provider’s stock worth $26,737,000 after acquiring an additional 248,105 shares during the period. Millennium Management LLC boosted its holdings in shares of AMERISAFE by 176.3% during the third quarter. Millennium Management LLC now owns 191,825 shares of the insurance provider’s stock worth $8,410,000 after acquiring an additional 122,387 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of AMERISAFE in the second quarter valued at approximately $3,583,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of AMERISAFE in the second quarter valued at approximately $4,345,000. Institutional investors and hedge funds own 97.41% of the company’s stock.

Analysts Set New Price Targets

AMSF has been the subject of several research reports. Zacks Research cut AMERISAFE from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Truist Financial decreased their price objective on AMERISAFE from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Weiss Ratings cut AMERISAFE from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised AMERISAFE from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $44.00.

AMERISAFE Price Performance

Shares of NASDAQ AMSF opened at $26.18 on Thursday. The business has a fifty day moving average price of $31.46 and a two-hundred day moving average price of $32.70. The stock has a market capitalization of $485.38 million, a PE ratio of 10.56 and a beta of 0.24. AMERISAFE, Inc. has a fifty-two week low of $26.08 and a fifty-two week high of $47.86.

AMERISAFE (NASDAQ:AMSF) last released its earnings results on Tuesday, July 21st. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). AMERISAFE had a return on equity of 14.87% and a net margin of 14.00%.The company had revenue of $91.97 million for the quarter, compared to analyst estimates of $85.09 million. On average, equities analysts expect that AMERISAFE, Inc. will post 1.97 EPS for the current year.

AMERISAFE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, September 11th. AMERISAFE’s dividend payout ratio is presently 66.13%.

AMERISAFE Company Profile

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.