StockNews.com Begins Coverage on Atlantic American (NASDAQ:AAME)

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

Atlantic American Stock Performance

NASDAQ AAME opened at $1.95 on Tuesday. The stock has a market capitalization of $39.78 million, a price-to-earnings ratio of -64.98 and a beta of 0.32. The stock’s 50 day moving average price is $2.54 and its two-hundred day moving average price is $2.25. Atlantic American has a 52 week low of $1.49 and a 52 week high of $3.00.

Atlantic American Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be paid a $0.02 dividend. This represents a yield of 0.78%. The ex-dividend date is Thursday, April 11th. Atlantic American’s payout ratio is -66.64%.

Institutional Investors Weigh In On Atlantic American

Institutional investors have recently bought and sold shares of the company. Independent Advisor Alliance bought a new stake in Atlantic American in the 4th quarter valued at approximately $32,000. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in Atlantic American in the 4th quarter valued at approximately $43,000. Finally, BlackRock Inc. lifted its stake in Atlantic American by 62.1% in the 2nd quarter. BlackRock Inc. now owns 44,945 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 17,212 shares in the last quarter. 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.