Separately, ValuEngine upgraded Atlantic American from a hold rating to a buy rating in a report on Friday, December 1st.
Shares of Atlantic American (AAME) opened at $3.20 on Thursday. Atlantic American has a 12-month low of $3.00 and a 12-month high of $4.03.
A hedge fund recently raised its stake in Atlantic American stock. Northern Trust Corp increased its holdings in shares of Atlantic American Co. (NASDAQ:AAME) by 5.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 55,370 shares of the financial services provider’s stock after purchasing an additional 2,820 shares during the period. Northern Trust Corp owned 0.27% of Atlantic American worth $207,000 as of its most recent filing with the SEC. 5.13% of the stock is owned by hedge funds and other institutional investors.
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About Atlantic American
Atlantic American Corporation is a holding company that operates through its subsidiaries in specialty markets within the life and health, and property and casualty insurance industries. The Company’s principal operating subsidiaries are American Southern Insurance Company and American Safety Insurance Company (together known as American Southern) within the property and casualty insurance industry, and Bankers Fidelity Life Insurance Company and Bankers Fidelity Assurance Company (together known as Bankers Fidelity) within the life and health insurance industry.
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