AMERISAFE (AMSF)

• Market cap: $938M
• 1 day: -6.72%
• 5 days: -5.72%
• 1 month: -11.53%
• 3 months: -6.93%
• 6 months: -15.06%
• Year to date: -9.27%
• 1 year: 1.95%
• 5 years: -26.98%
• 10 years: 2.88%
• 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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

26% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 23

7% more capital invested

Capital invested by funds: $895M [Q3] → $960M (+$64.9M) [Q4]

2% more funds holding

Funds holding: 179 [Q3] → 183 (+4) [Q4]

0.84% more ownership

Funds ownership: 96.89% [Q3] → 97.73% (+0.84%) [Q4]

13% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 63

37% less call options, than puts

Call options by funds: $139K | Put options by funds: $222K

Research analyst outlook

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

• Low target: $65 40% upside
• Avg. target: $65 40% upside
• High target: $65 40% upside

1 analyst rating

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

JMP Securities Matthew Carletti 64% 1-year accuracy 38 / 59 met price target

40% upside $65

Market Outperform Reiterated

30 Apr 2025