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

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

Atlantic American stock opened at $2.99 on Thursday. The firm has a market cap of $60.93 million, a PE ratio of 16.61 and a beta of 0.17. Atlantic American has a 52-week low of $2.12 and a 52-week high of $5.70. The company’s 50 day moving average is $2.91 and its two-hundred day moving average is $3.15.

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

The company also recently announced an annual dividend, which was paid on Wednesday, April 27th. Stockholders of record on Wednesday, April 13th were issued a $0.02 dividend. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, April 12th. Atlantic American’s payout ratio is 11.11%.

In other news, insider Harriett J. Robinson bought 1,363,809 shares of the stock in a transaction dated Thursday, March 31st. The shares were acquired at an average price of $4.00 per share, with a total value of $5,455,236.00. Following the completion of the acquisition, the insider now directly owns 830,259 shares in the company, valued at $3,321,036. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 80.05% of the stock is owned by insiders.

An institutional investor recently bought a new position in Atlantic American stock. HB Wealth Management LLC bought a new position in shares of Atlantic American Co. (NASDAQ:AAMEGet Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the financial services provider’s stock, valued at approximately $25,000. Institutional investors and hedge funds 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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