Atlantic American (NASDAQ:AAME) Earns Hold Rating from Analysts at StockNews.com

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

Atlantic American Trading Down 0.8 %

AAME opened at $1.48 on Friday. Atlantic American has a 1-year low of $1.26 and a 1-year high of $3.00. The stock has a market capitalization of $30.28 million, a PE ratio of -4.24 and a beta of 0.47. The firm has a 50-day moving average price of $1.59 and a two-hundred day moving average price of $1.61.

Institutional Investors Weigh In On Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar increased its holdings in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,393 shares of the financial services provider’s stock after buying an additional 28,633 shares during the period. Atlantic American accounts for about 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th biggest holding. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent quarter. 5.48% of the stock is currently owned by hedge funds and other institutional investors.

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.