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

StockNews.com started coverage on shares of Atlantic American (NASDAQ:AAME) in a report released on Monday. The firm issued a hold rating on the financial services provider’s stock.

Atlantic American Trading Up 3.1 %

Atlantic American stock opened at $1.64 on Monday. Atlantic American has a 1-year low of $1.43 and a 1-year high of $3.00. The company has a fifty day simple moving average of $1.65 and a 200 day simple moving average of $1.65. The company has a market cap of $33.46 million, a P/E ratio of -4.69 and a beta of 0.46.

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar lifted its holdings in shares of Atlantic American Co. (NASDAQ:AAME) by 17.9% during 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 period. Atlantic American accounts for 0.7% of Biglari Sardar’s holdings, making the stock its 10th biggest holding. Biglari Sardar owned about 0.92% of Atlantic American worth $320,000 as of its most recent SEC filing. 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.