Atlantic American Co. (AAME) To Go Ex-Dividend on April 11th

Atlantic American Co. (NASDAQ:AAME) declared an annual dividend on Monday, April 1st, Zacks reports. Investors of record on Friday, April 12th will be paid a dividend of 0.02 per share by the financial services provider on Friday, April 26th. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, April 11th.

Atlantic American Trading Down 0.9 %

Shares of NASDAQ AAME opened at $2.17 on Tuesday. The business has a fifty day simple moving average of $2.63 and a 200 day simple moving average of $2.24. The firm has a market capitalization of $44.27 million, a price-to-earnings ratio of -72.31 and a beta of 0.32. Atlantic American has a one year low of $1.49 and a one year high of $3.00.

Institutional Trading of Atlantic American

An institutional investor recently raised its position in Atlantic American stock. BlackRock Inc. lifted its holdings in shares of Atlantic American Co. (NASDAQ:AAME) by 62.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 44,945 shares of the financial services provider’s stock after purchasing an additional 17,212 shares during the period. BlackRock Inc. owned 0.22% of Atlantic American worth $87,000 at the end of the most recent reporting period. 5.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Atlantic American in a research report on Monday. They issued a “hold” rating on the 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 business automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; and inland marine and general liability insurance products.