ValuEngine upgraded shares of Atlantic American (NASDAQ:AAME) from a hold rating to a buy rating in a research report sent to investors on Friday.

Separately, TheStreet upgraded shares of Atlantic American from a c+ rating to a b rating in a research report on Tuesday, November 28th.

Shares of Atlantic American (NASDAQ:AAME) opened at $3.70 on Friday. Atlantic American has a twelve month low of $3.04 and a twelve month high of $4.35.

Atlantic American (NASDAQ:AAME) last posted its quarterly earnings results on Tuesday, November 14th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $44.80 million for the quarter. Atlantic American had a net margin of 1.93% and a negative return on equity of 0.28%.

A hedge fund recently raised its stake in Atlantic American stock. Renaissance Technologies LLC raised its holdings in shares of Atlantic American Corporation (NASDAQ:AAME) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,700 shares of the financial services provider’s stock after purchasing an additional 600 shares during the quarter. Renaissance Technologies LLC’s holdings in Atlantic American were worth $191,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.17% of the company’s stock.

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About Atlantic American

Atlantic American Corporation is a holding company that operates through its subsidiaries in specialty markets within the life and health, and property and casualty insurance industries. The Company’s principal operating subsidiaries are American Southern Insurance Company and American Safety Insurance Company (together known as American Southern) within the property and casualty insurance industry, and Bankers Fidelity Life Insurance Company and Bankers Fidelity Assurance Company (together known as Bankers Fidelity) within the life and health insurance industry.

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