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

Investment analysts at StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a research report issued on Monday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Performance

AAME opened at $1.45 on Monday. The stock has a market capitalization of $29.58 million, a price-to-earnings ratio of -4.14 and a beta of 0.58. The company has a fifty day moving average of $1.56 and a 200 day moving average of $1.59. Atlantic American has a fifty-two week low of $1.26 and a fifty-two week high of $2.95.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar boosted its stake in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the period. Atlantic American accounts for 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 as of its most recent filing with the SEC. 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.