Atlantic American (NASDAQ:AAME) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME) in a research note issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Performance

Shares of NASDAQ:AAME opened at $2.11 on Monday. The company has a market capitalization of $43.04 million, a PE ratio of -70.31 and a beta of 0.32. The stock has a fifty day moving average of $2.62 and a 200-day moving average of $2.25. Atlantic American has a one year low of $1.49 and a one year high of $3.00.

Institutional Investors Weigh In On Atlantic American

Hedge funds have recently made changes to their positions in the company. Independent Advisor Alliance acquired a new stake in Atlantic American during the 4th quarter valued at $32,000. Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of Atlantic American in the fourth quarter worth approximately $43,000. BlackRock Inc. grew its position in Atlantic American by 62.1% during the second quarter. BlackRock Inc. now owns 44,945 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 17,212 shares in the last quarter. Finally, Biglari Sardar grew its position in Atlantic American by 321.9% during the second quarter. Biglari Sardar now owns 119,171 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 90,922 shares in the last quarter. Hedge funds and other 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 business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.