Atlantic American (NASDAQ:AAME) Announces Quarterly Earnings Results

Atlantic American (NASDAQ:AAME) issued its earnings results on Tuesday. The financial services provider reported $0.01 EPS for the quarter, Zacks reports. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Atlantic American Trading Up 1.2%

Shares of NASDAQ AAME opened at $1.74 on Wednesday. The company has a market cap of $35.50 million, a price-to-earnings ratio of -4.97 and a beta of 0.65. The stock has a 50-day moving average price of $1.51 and a two-hundred day moving average price of $1.55. Atlantic American has a 12 month low of $1.25 and a 12 month high of $1.99.

Atlantic American Announces Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were issued a $0.02 dividend. This represents a dividend yield of 1.1%. The ex-dividend date was Wednesday, April 9th. Atlantic American’s dividend payout ratio is presently -9.09%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Atlantic American in a research note on Tuesday. They issued a “hold” rating for the company.

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.