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

Research analysts at StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME – Get Rating) in a report issued on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Atlantic American stock opened at $2.94 on Wednesday. The stock has a fifty day moving average price of $2.96 and a two-hundred day moving average price of $2.88. Atlantic American has a 52-week low of $2.12 and a 52-week high of $5.70. The firm has a market capitalization of $59.99 million, a P/E ratio of 8.65 and a beta of 0.17.

Atlantic American (NASDAQ:AAME – Get Rating) last released its quarterly earnings data on Wednesday, May 11th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter. Atlantic American had a return on equity of 2.16% and a net margin of 3.74%. The firm had revenue of $51.61 million during the quarter.

In other Atlantic American news, insider Harriett J. Robinson bought 1,363,809 shares of the stock in a transaction dated Thursday, March 31st. The stock was bought at an average cost of $4.00 per share, for a total transaction of $5,455,236.00. Following the completion of the purchase, the insider now owns 830,259 shares in the company, valued at approximately $3,321,036. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 80.01% of the company’s stock.

Atlantic American Company Profile (Get Rating)

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. The company operates through American Southern and Bankers Fidelity segments. It offers property and casualty insurance products, including business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.

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