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

StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME) in a report published on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Trading Up 2.0 %

AAME opened at $1.56 on Tuesday. The business has a 50 day moving average of $1.64 and a 200-day moving average of $1.64. The stock has a market capitalization of $31.82 million, a price-to-earnings ratio of -4.46 and a beta of 0.46. Atlantic American has a 1-year low of $1.26 and a 1-year high of $3.00.

Institutional Investors Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar increased its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American makes up 0.7% of Biglari Sardar’s portfolio, making the stock its 10th largest holding. Biglari Sardar owned approximately 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.