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

StockNews.com started 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 5.0 %

Shares of Atlantic American stock opened at $1.47 on Tuesday. The company’s 50-day moving average price is $1.55 and its 200-day moving average price is $1.58. The company has a market cap of $29.99 million, a price-to-earnings ratio of -4.20 and a beta of 0.58. Atlantic American has a 12-month low of $1.26 and a 12-month high of $2.88.

Institutional Investors Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar boosted its stake in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American comprises approximately 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest holding. Biglari Sardar owned approximately 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. 5.48% of the stock is owned by 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.