Atlantic American Co. (NASDAQ:AAME – Get Free Report)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.59 and traded as low as $1.40. Atlantic American shares last traded at $1.51, with a volume of 8,957 shares.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on Atlantic American in a research note on Tuesday. They set a “hold” rating for the company.
Read Our Latest Analysis on AAME
Atlantic American Stock Up 5.6 %
Institutional Trading of Atlantic American
A hedge fund recently raised its stake in Atlantic American stock. Biglari Sardar boosted its position in Atlantic American Co. (NASDAQ:AAME – Free Report) by 17.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,393 shares of the financial services provider’s stock after acquiring an additional 28,633 shares during the period. Atlantic American accounts for 0.7% of Biglari Sardar’s portfolio, making the stock its 10th largest position. Biglari Sardar owned 0.92% of Atlantic American worth $320,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.48% of the company’s stock.
About Atlantic American
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.
Featured Stories
- Five stocks we like better than Atlantic American
- Find and Profitably Trade Stocks at 52-Week Lows
- Can TikTok Stock Picks Really Make You Rich?
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- The “Quality” Rotation: Back to Basics Investing
- What is the Nasdaq? Complete Overview with History
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Atlantic American Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic American and related companies with MarketBeat.com's FREE daily email newsletter.