Atlantic American Corporation (AAME) Releases Quarterly Earnings Results
Atlantic American Corporation (NASDAQ:AAME) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, reports. Atlantic American Corporation had a negative return on equity of 0.56% and a net margin of 1.61%.
Shares of Atlantic American Corporation (AAME) traded up $0.10 during trading hours on Wednesday, reaching $3.60. 2,300 shares of the company’s stock traded hands, compared to its average volume of 2,976. Atlantic American Corporation has a 52 week low of $3.04 and a 52 week high of $4.35.
An institutional investor recently raised its position in Atlantic American Corporation stock. Northern Trust Corp raised its position in shares of Atlantic American Corporation (NASDAQ:AAME) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,370 shares of the financial services provider’s stock after purchasing an additional 2,820 shares during the quarter. Northern Trust Corp owned 0.27% of Atlantic American Corporation worth $207,000 at the end of the most recent quarter. 5.06% of the stock is currently owned by institutional investors.
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Atlantic American Corporation is a holding company that operates through its subsidiaries in specialty markets within the life and health, and property and casualty insurance industries. The Company’s principal operating subsidiaries are American Southern Insurance Company and American Safety Insurance Company (together known as American Southern) within the property and casualty insurance industry, and Bankers Fidelity Life Insurance Company and Bankers Fidelity Assurance Company (together known as Bankers Fidelity) within the life and health insurance industry.
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