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

Equities research analysts at StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAME) in a note issued to investors on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Atlantic American Stock Up 0.7 %

Atlantic American stock opened at $1.54 on Monday. The firm has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $1.59. Atlantic American has a twelve month low of $1.26 and a twelve month high of $3.00. The company has a market capitalization of $31.42 million, a PE ratio of -4.40 and a beta of 0.45.

Hedge Funds Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar grew its stake in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American makes up approximately 0.7% of Biglari Sardar’s portfolio, making the stock its 10th biggest position. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Hedge funds and other 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.