AMERISAFE (AMSF)

• Market cap: $847M
• 1 day: -1.77%
• 5 days: -3.14%
• 1 month: -4.90%
• 3 months: -12.45%
• 6 months: -17.23%
• Year to date: -13.25%
• 1 year: 4.59%
• 5 years: -27.69%
• 10 years: 0.18%
• Sector: Financials
• Industry: Specialty - Insurance

About: AMERISAFE Inc is a specialty provider of workers' compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, manufacturing, maritime, and telecommunications. The company generates a majority of its revenue in the form of premiums.

Employees: 370

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

67% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 15

4% more funds holding

Funds holding: 184 [Q4 2024] → 192 (+8) [Q1 2025]

2% more capital invested

Capital invested by funds: $960M [Q4 2024] → $976M (+$15.7M) [Q1 2025]

0.26% less ownership

Funds ownership: 97.8% [Q4 2024] → 97.54% (-0.26%) [Q1 2025]

18% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 77

56% less call options, than puts

Call options by funds: $84K | Put options by funds: $189K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $65 46% upside
• Avg. target: $65 46% upside
• High target: $65 46% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

JMP Securities Matthew Carletti

46% upside $65

Market Outperform Reiterated

30 Apr 2025