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

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

Atlantic American Price Performance

Shares of NASDAQ AAME opened at $2.98 on Monday. The stock has a market capitalization of $60.70 million, a price-to-earnings ratio of 24.83 and a beta of 0.29. Atlantic American has a 12 month low of $2.12 and a 12 month high of $4.10. The firm’s 50 day simple moving average is $2.91 and its 200-day simple moving average is $2.90.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Atlantic American stock. Foster Victor Wealth Advisors LLC raised its position in Atlantic American Co. (NASDAQ:AAMEGet Rating) by 17.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,000 shares of the financial services provider’s stock after acquiring an additional 6,500 shares during the quarter. Foster Victor Wealth Advisors LLC owned approximately 0.22% of Atlantic American worth $125,000 as of its most recent SEC filing. 5.42% of the stock is owned by institutional investors and hedge funds.

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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