Atlantic American (AAME) Rating Increased to Buy at ValuEngine

Atlantic American (NASDAQ:AAME) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

Separately, TheStreet upgraded shares of Atlantic American from a “c+” rating to a “b” rating in a report on Tuesday, November 28th.

Shares of Atlantic American (NASDAQ AAME) traded up $0.10 during mid-day trading on Friday, hitting $3.70. 871 shares of the stock were exchanged, compared to its average volume of 2,275. Atlantic American has a 1 year low of $3.04 and a 1 year high of $4.35.

Atlantic American (NASDAQ:AAME) last announced its earnings results on Tuesday, November 14th. The financial services provider reported $0.02 EPS for the quarter. Atlantic American had a net margin of 1.93% and a negative return on equity of 0.28%. The firm had revenue of $44.80 million for the quarter.

An institutional investor recently raised its position in Atlantic American stock. Northern Trust Corp lifted its stake in Atlantic American Corporation (NASDAQ:AAME) by 5.4% in the 2nd quarter, according to the company in 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 quarter. Northern Trust Corp owned 0.27% of Atlantic American worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 5.17% of the company’s stock.

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Atlantic American Company Profile

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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