JPMorgan Chase & Co. Acquires 7,854 Shares of Amerisafe, Inc. (NASDAQ:AMSF)

JPMorgan Chase & Co. increased its holdings in shares of Amerisafe, Inc. (NASDAQ:AMSF) by 63.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,194 shares of the insurance provider’s stock after buying an additional 7,854 shares during the period. JPMorgan Chase & Co. owned about 0.10% of Amerisafe worth $1,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AMSF. Eagle Asset Management Inc. increased its position in shares of Amerisafe by 4.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 144,067 shares of the insurance provider’s stock valued at $8,471,000 after purchasing an additional 6,441 shares during the last quarter. American International Group Inc. increased its position in shares of Amerisafe by 5.8% in the 3rd quarter. American International Group Inc. now owns 15,152 shares of the insurance provider’s stock valued at $882,000 after purchasing an additional 824 shares during the last quarter. Granite Investment Partners LLC increased its position in shares of Amerisafe by 6.2% in the 3rd quarter. Granite Investment Partners LLC now owns 187,372 shares of the insurance provider’s stock valued at $10,905,000 after purchasing an additional 10,902 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Amerisafe by 40.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 105,851 shares of the insurance provider’s stock valued at $6,161,000 after purchasing an additional 30,629 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Amerisafe by 16.8% in the 3rd quarter. Rhumbline Advisers now owns 54,977 shares of the insurance provider’s stock valued at $3,200,000 after purchasing an additional 7,920 shares during the last quarter. 99.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the stock. B. Riley reissued a “buy” rating on shares of Amerisafe in a research report on Monday, November 6th. SunTrust Banks restated a “buy” rating and issued a $69.00 target price on shares of Amerisafe in a report on Friday, October 27th. Boenning Scattergood restated a “hold” rating on shares of Amerisafe in a report on Thursday, October 26th. FBR & Co restated a “buy” rating on shares of Amerisafe in a report on Wednesday, October 25th. Finally, BidaskClub cut shares of Amerisafe from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $66.00.

Shares of Amerisafe, Inc. (NASDAQ AMSF) traded up $0.05 during trading on Friday, hitting $61.00. 44,547 shares of the stock traded hands, compared to its average volume of 69,894. The firm has a market cap of $1,172.92, a PE ratio of 18.15 and a beta of 0.81. Amerisafe, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $69.40.

In related news, CEO G. Janelle Frost sold 1,728 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $66.74, for a total transaction of $115,326.72. Following the completion of the sale, the chief executive officer now owns 54,322 shares in the company, valued at approximately $3,625,450.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by corporate insiders.

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Amerisafe Company Profile

Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.

Institutional Ownership by Quarter for Amerisafe (NASDAQ:AMSF)

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