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

StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Price Performance

AAME opened at $1.48 on Friday. The stock has a 50-day moving average price of $1.60 and a 200-day moving average price of $1.62. The firm has a market cap of $30.19 million, a PE ratio of -4.23 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 Inflows and Outflows

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar lifted its stake in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the quarter. Atlantic American comprises 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest holding. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 as of its most recent filing with the Securities & Exchange Commission. 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 commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.