Atlantic American (NASDAQ:AAME) Now Covered by StockNews.com

StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a research note published on Saturday. The firm issued a hold rating on the financial services provider’s stock.

Atlantic American Trading Down 0.6 %

Shares of Atlantic American stock opened at $1.57 on Friday. The company’s fifty day simple moving average is $1.56 and its 200-day simple moving average is $1.59. The company has a market cap of $32.03 million, a price-to-earnings ratio of -4.49 and a beta of 0.47. Atlantic American has a 1 year low of $1.26 and a 1 year high of $3.00.

Institutional Investors Weigh In On Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar lifted its stake in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the period. Atlantic American makes up 0.7% of Biglari Sardar’s portfolio, making the stock its 10th largest holding. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. Institutional investors own 5.48% of the company’s stock.

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.