Atlantic American (NASDAQ:AAME) Now Covered by StockNews.com

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

Atlantic American Stock Down 1.5 %

Shares of Atlantic American stock opened at $1.96 on Tuesday. Atlantic American has a fifty-two week low of $1.49 and a fifty-two week high of $3.00. The firm has a market cap of $39.98 million, a PE ratio of -65.31 and a beta of 0.32. The business’s fifty day moving average is $2.55 and its two-hundred day moving average is $2.25.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in shares of Atlantic American by 62.1% during the 2nd 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. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Atlantic American during the 4th quarter worth $43,000. Finally, Independent Advisor Alliance purchased a new position in shares of Atlantic American during the 4th quarter worth $32,000. 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.