Atlantic American (NASDAQ:AAME) Now Covered by StockNews.com

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

Shares of NASDAQ:AAME opened at $2.99 on Monday. Atlantic American has a twelve month low of $2.12 and a twelve month high of $5.70. The firm has a market cap of $61.01 million, a PE ratio of 8.79 and a beta of 0.17. The business has a fifty day moving average of $3.05 and a 200-day moving average of $2.97.

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Atlantic American (NASDAQ:AAMEGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The financial services provider reported $0.07 EPS for the quarter. The firm had revenue of $51.61 million during the quarter. Atlantic American had a return on equity of 2.16% and a net margin of 3.74%.

In related news, insider Harriett J. Robinson bought 1,363,809 shares of the firm’s stock in a transaction dated Thursday, March 31st. The stock was bought at an average cost of $4.00 per share, for a total transaction of $5,455,236.00. Following the transaction, the insider now owns 830,259 shares of the company’s stock, valued at $3,321,036. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 80.01% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in Atlantic American stock. HB Wealth Management LLC acquired a new stake in shares of Atlantic American Co. (NASDAQ:AAMEGet Rating) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the financial services provider’s stock, valued at approximately $25,000. Institutional investors own 5.43% of the company’s stock.

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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