Atlantic American (NASDAQ:AAME) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Atlantic American (NASDAQ:AAME) in a note issued to investors on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Trading Up 2.0 %

Shares of AAME stock opened at $1.56 on Tuesday. Atlantic American has a 1-year low of $1.26 and a 1-year high of $3.00. The company has a market capitalization of $31.82 million, a price-to-earnings ratio of -4.46 and a beta of 0.46. The stock’s fifty day simple moving average is $1.64 and its 200-day simple moving average is $1.64.

Institutional Investors Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar raised its holdings in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the quarter. Atlantic American comprises approximately 0.7% of Biglari Sardar’s holdings, making the stock its 10th largest position. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. Institutional investors own 5.48% of the company’s stock.

About Atlantic American

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.