Atlantic American (NASDAQ:AAME) Coverage Initiated at StockNews.com

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

Atlantic American Trading Down 2.3 %

Shares of AAME opened at $1.49 on Monday. Atlantic American has a 12 month low of $1.26 and a 12 month high of $3.00. The firm’s 50 day moving average is $1.56 and its 200-day moving average is $1.59. The stock has a market capitalization of $30.29 million, a PE ratio of -4.24 and a beta of 0.45.

Institutional Investors Weigh In On Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Biglari Sardar boosted its position in Atlantic American Co. (NASDAQ:AAME) by 17.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,393 shares of the financial services provider’s stock after purchasing an additional 28,633 shares during the quarter. Atlantic American comprises 0.7% of Biglari Sardar’s investment portfolio, making the stock its 10th biggest position. Biglari Sardar owned about 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.