Atlantic American Co. (NASDAQ:AAME) Holdings Raised by Biglari Sardar

Biglari Sardar lifted its stake in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American comprises about 0.7% of Biglari Sardar’s portfolio, making the stock its 10th largest holding. Biglari Sardar’s holdings in Atlantic American were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Atlantic American in a research report on Tuesday, November 26th. They set a “hold” rating for the company.

Atlantic American Price Performance

Shares of NASDAQ AAME opened at $1.52 on Monday. Atlantic American Co. has a 12 month low of $1.26 and a 12 month high of $3.00. The firm’s 50 day simple moving average is $1.64 and its 200-day simple moving average is $1.64. The stock has a market capitalization of $31.01 million, a price-to-earnings ratio of -4.34 and a beta of 0.46.

Atlantic American Profile

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.