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

StockNews.com began coverage on shares of Atlantic American (NASDAQ:AAMEGet Rating) in a report issued on Friday. The firm set a “hold” rating on the financial services provider’s stock.

Shares of NASDAQ AAME opened at $2.86 on Friday. The firm’s fifty day moving average is $2.94 and its 200 day moving average is $3.13. Atlantic American has a 52 week low of $2.12 and a 52 week high of $5.70. The company has a market cap of $58.28 million, a price-to-earnings ratio of 15.89 and a beta of 0.17.

Atlantic American (NASDAQ:AAMEGet Rating) last released its quarterly earnings results on Friday, March 25th. The financial services provider reported $0.12 EPS for the quarter. Atlantic American had a negative return on equity of 0.04% and a net margin of 2.15%. The business had revenue of $49.73 million during the quarter.

In other news, insider Harriett J. Robinson purchased 1,363,809 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The shares were bought at an average cost of $4.00 per share, for a total transaction of $5,455,236.00. Following the completion of the transaction, the insider now directly owns 830,259 shares of the company’s stock, valued at approximately $3,321,036. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 80.05% of the company’s stock.

An institutional investor recently bought a new position in Atlantic American stock. HB Wealth Management LLC bought a new stake in shares of Atlantic American Co. (NASDAQ:AAMEGet Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the financial services provider’s stock, valued at approximately $25,000. 5.43% 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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