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

Analysts at StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Trading Up 1.0 %

Shares of NASDAQ AAME opened at $1.50 on Friday. Atlantic American has a twelve month low of $1.26 and a twelve month high of $3.00. The firm has a 50-day moving average of $1.57 and a two-hundred day moving average of $1.60. The company has a market capitalization of $30.60 million, a price-to-earnings ratio of -4.29 and a beta of 0.45.

Institutional Investors Weigh In On Atlantic American

A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar grew its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 makes up approximately 0.7% of Biglari Sardar’s portfolio, making the stock its 10th largest position. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. 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.