Principal Financial Group Inc. Reduces Position in AMERISAFE, Inc. (NASDAQ:AMSF)

Principal Financial Group Inc. lessened its holdings in shares of AMERISAFE, Inc. (NASDAQ:AMSFFree Report) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 102,976 shares of the insurance provider’s stock after selling 6,031 shares during the quarter. Principal Financial Group Inc.’s holdings in AMERISAFE were worth $5,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its stake in AMERISAFE by 11.8% during the 2nd quarter. Creative Planning now owns 4,612 shares of the insurance provider’s stock valued at $246,000 after purchasing an additional 485 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of AMERISAFE by 14.8% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 46,922 shares of the insurance provider’s stock worth $2,502,000 after acquiring an additional 6,064 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of AMERISAFE during the 2nd quarter worth approximately $27,892,000. Bank of New York Mellon Corp raised its holdings in shares of AMERISAFE by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 235,272 shares of the insurance provider’s stock worth $12,545,000 after acquiring an additional 7,072 shares in the last quarter. Finally, Advisor Partners II LLC purchased a new stake in shares of AMERISAFE during the 3rd quarter worth approximately $270,000. Institutional investors own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AMSF shares. TheStreet cut AMERISAFE from a “b-” rating to a “c+” rating in a report on Friday, December 15th. StockNews.com raised AMERISAFE from a “sell” rating to a “hold” rating in a report on Saturday, November 4th.

Read Our Latest Research Report on AMERISAFE

AMERISAFE Stock Performance

NASDAQ:AMSF opened at $48.90 on Wednesday. The stock’s fifty day moving average is $47.68 and its 200 day moving average is $50.36. AMERISAFE, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $57.06. The firm has a market capitalization of $938.00 million, a PE ratio of 14.77 and a beta of 0.32.

About AMERISAFE

(Free Report)

AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. The company's workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It serves small to mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.

See Also

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Institutional Ownership by Quarter for AMERISAFE (NASDAQ:AMSF)

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