Nisa Investment Advisors LLC Raises Stake in AMERISAFE, Inc. (NASDAQ:AMSF)

Nisa Investment Advisors LLC lifted its position in AMERISAFE, Inc. (NASDAQ:AMSF) by 1,328.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,914 shares of the insurance provider’s stock after purchasing an additional 5,500 shares during the period. Nisa Investment Advisors LLC’s holdings in AMERISAFE were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in AMERISAFE by 8.5% during the third quarter. State Street Corp now owns 811,561 shares of the insurance provider’s stock valued at $39,223,000 after acquiring an additional 63,638 shares in the last quarter. Barclays PLC grew its position in shares of AMERISAFE by 365.6% during the third quarter. Barclays PLC now owns 33,219 shares of the insurance provider’s stock valued at $1,605,000 after purchasing an additional 26,084 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of AMERISAFE by 70.6% in the third quarter. Jane Street Group LLC now owns 41,299 shares of the insurance provider’s stock worth $1,996,000 after purchasing an additional 17,084 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of AMERISAFE by 6.9% in the third quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock worth $284,000 after buying an additional 381 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in AMERISAFE by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 639,996 shares of the insurance provider’s stock valued at $30,931,000 after buying an additional 14,104 shares during the last quarter. 97.41% of the stock is currently owned by institutional investors.

AMERISAFE Price Performance

Shares of NASDAQ AMSF opened at $50.50 on Thursday. The stock has a market capitalization of $962.03 million, a P/E ratio of 15.78 and a beta of 0.35. AMERISAFE, Inc. has a 1-year low of $41.97 and a 1-year high of $60.24. The business’s 50 day moving average is $53.26 and its two-hundred day moving average is $51.32.

Analysts Set New Price Targets

A number of analysts have issued reports on AMSF shares. Truist Financial lifted 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 issued a $65.00 price target on shares of AMERISAFE in a research report on Tuesday, October 15th.

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.