Atlantic American (NASDAQ:AAME) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAMEFree Report) in a report released on Sunday morning. The firm issued a hold rating on the financial services provider’s stock.

Atlantic American Price Performance

AAME stock opened at $2.58 on Friday. The stock has a market capitalization of $52.63 million, a price-to-earnings ratio of 19.85 and a beta of 0.32. The business’s fifty day moving average price is $2.66 and its two-hundred day moving average price is $2.23. Atlantic American has a fifty-two week low of $1.49 and a fifty-two week high of $3.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AAME. BlackRock Inc. increased its position in shares of Atlantic American by 62.1% in the second quarter. BlackRock Inc. now owns 44,945 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 17,212 shares during the period. Biglari Sardar increased its position in shares of Atlantic American by 321.9% in the second quarter. Biglari Sardar now owns 119,171 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 90,922 shares during the period. Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of Atlantic American in the fourth quarter worth $43,000. Finally, Independent Advisor Alliance bought a new position in shares of Atlantic American in the fourth quarter worth $32,000. Institutional investors own 5.48% of the company’s stock.

About Atlantic American

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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 business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.

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