TheStreet Lowers Atlantic American (AAME) to C+
Atlantic American (NASDAQ:AAME) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Thursday.
Separately, ValuEngine raised Atlantic American from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
Shares of Atlantic American (AAME) opened at $3.35 on Thursday. The company has a market capitalization of $68.37, a P/E ratio of 23.93 and a beta of 0.43. Atlantic American has a 52 week low of $3.00 and a 52 week high of $4.20.
A hedge fund recently raised its stake in Atlantic American stock. Northern Trust Corp increased its stake in shares of Atlantic American Co. (NASDAQ:AAME) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,370 shares of the financial services provider’s stock after purchasing an additional 2,820 shares during the period. Northern Trust Corp owned 0.27% of Atlantic American worth $207,000 as of its most recent SEC filing. Institutional investors and hedge funds own 5.17% of the company’s stock.
About Atlantic American
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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