Atlantic American (NASDAQ:AAME) Earns Hold Rating from Analysts at StockNews.com

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

Atlantic American Stock Down 0.7 %

Shares of AAME stock opened at $3.02 on Monday. The stock has a fifty day moving average of $2.91 and a 200 day moving average of $2.91. Atlantic American has a 52 week low of $2.12 and a 52 week high of $4.20. The firm has a market capitalization of $61.51 million, a price-to-earnings ratio of 25.17 and a beta of 0.29.

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. Foster Victor Wealth Advisors LLC raised its position in shares of Atlantic American Co. (NASDAQ:AAMEGet Rating) by 17.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,000 shares of the financial services provider’s stock after buying an additional 6,500 shares during the quarter. Foster Victor Wealth Advisors LLC owned about 0.22% of Atlantic American worth $125,000 at the end of the most recent quarter. 5.42% of the stock is owned by institutional investors.

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.

Further Reading

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