Atlantic American Co. Declares Annual Dividend of $0.02 (NASDAQ:AAME)

Atlantic American Co. (NASDAQ:AAMEGet Free Report) announced an annual dividend on Monday, April 1st, Zacks reports. Shareholders of record on Friday, April 12th will be given a dividend of 0.02 per share by the financial services provider on Friday, April 26th. This represents a yield of 0.78%. The ex-dividend date is Thursday, April 11th.

Atlantic American Price Performance

NASDAQ AAME traded down $0.24 during mid-day trading on Wednesday, reaching $2.58. The stock had a trading volume of 22,809 shares, compared to its average volume of 7,187. The company has a fifty day moving average price of $2.66 and a 200 day moving average price of $2.24. Atlantic American has a 1 year low of $1.49 and a 1 year high of $3.00. The stock has a market cap of $52.63 million, a PE ratio of -85.97 and a beta of 0.32.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Atlantic American in a research note on Sunday. They set a “hold” rating for the company.

Read Our Latest Research Report on Atlantic American

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Atlantic American stock. BlackRock Inc. increased its position in Atlantic American Co. (NASDAQ:AAMEFree Report) by 62.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,945 shares of the financial services provider’s stock after acquiring an additional 17,212 shares during the quarter. BlackRock Inc. owned about 0.22% of Atlantic American worth $87,000 at the end of the most recent quarter. Institutional investors own 5.48% of the company’s stock.

Atlantic American Company Profile

(Get Free Report)

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 business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.

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Dividend History for Atlantic American (NASDAQ:AAME)

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