StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME – Free Report) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the financial services provider’s stock.
Atlantic American Stock Performance
Shares of AAME stock opened at $1.55 on Friday. The firm has a market capitalization of $31.62 million, a price-to-earnings ratio of -4.43 and a beta of 0.47. The company has a 50 day moving average price of $1.58 and a 200 day moving average price of $1.61. Atlantic American has a one year low of $1.26 and a one year high of $3.00.
Institutional Trading of Atlantic American
A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar grew its position in shares of Atlantic American Co. (NASDAQ:AAME – Free Report) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American comprises about 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th largest holding. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. 5.48% of the stock is currently owned by hedge funds and other institutional investors.
Atlantic American Company 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.
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