185,451 Shares in Amerisafe, Inc. (AMSF) Acquired by Tygh Capital Management Inc.

Tygh Capital Management Inc. acquired a new position in Amerisafe, Inc. (NASDAQ:AMSF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 185,451 shares of the insurance provider’s stock, valued at approximately $10,513,000. Amerisafe makes up approximately 2.2% of Tygh Capital Management Inc.’s holdings, making the stock its 10th biggest position. Tygh Capital Management Inc. owned about 0.96% of Amerisafe at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Amerisafe by 1.5% during the 3rd quarter. BlackRock Inc. now owns 2,437,426 shares of the insurance provider’s stock valued at $150,998,000 after purchasing an additional 36,880 shares during the period. Vanguard Group Inc. grew its stake in shares of Amerisafe by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,136,219 shares of the insurance provider’s stock valued at $70,389,000 after acquiring an additional 10,363 shares during the period. Vanguard Group Inc grew its stake in shares of Amerisafe by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 1,136,219 shares of the insurance provider’s stock valued at $70,389,000 after acquiring an additional 10,363 shares during the period. Victory Capital Management Inc. grew its stake in shares of Amerisafe by 1.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,133,521 shares of the insurance provider’s stock valued at $70,222,000 after acquiring an additional 12,629 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Amerisafe by 0.3% during the 2nd quarter. Northern Trust Corp now owns 546,770 shares of the insurance provider’s stock valued at $31,576,000 after acquiring an additional 1,654 shares during the period.

NASDAQ AMSF traded up $0.47 during trading hours on Tuesday, reaching $61.99. The company’s stock had a trading volume of 1,370 shares, compared to its average volume of 84,811. Amerisafe, Inc. has a 1 year low of $50.46 and a 1 year high of $67.96. The stock has a market cap of $1.19 billion, a PE ratio of 20.13 and a beta of 0.53.

AMSF has been the subject of a number of recent research reports. Zacks Investment Research upgraded Amerisafe from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Tuesday, January 29th. ValuEngine downgraded Amerisafe from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. BidaskClub upgraded Amerisafe from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 31st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Amerisafe in a research note on Thursday, October 25th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $65.00.

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About Amerisafe

AMERISAFE, Inc, an insurance holding company, provides workers' compensation insurance in the United States. Its workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies.

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Institutional Ownership by Quarter for Amerisafe (NASDAQ:AMSF)

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