Atlantic American (AAME) Downgraded by TheStreet

TheStreet downgraded shares of Atlantic American (NASDAQ:AAME) from a b rating to a c+ rating in a research note released on Thursday morning.

Separately, ValuEngine raised Atlantic American from a hold rating to a buy rating in a research report on Friday, December 1st.

Shares of Atlantic American (NASDAQ AAME) opened at $3.35 on Thursday. Atlantic American has a 12-month low of $3.00 and a 12-month high of $4.03. The firm has a market capitalization of $68.47, a PE ratio of 23.93 and a beta of 0.52.

A hedge fund recently raised its stake in Atlantic American stock. Northern Trust Corp grew its holdings in Atlantic American Co. (NASDAQ:AAME) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,370 shares of the financial services provider’s stock after acquiring an additional 2,820 shares during the quarter. Northern Trust Corp owned 0.27% of Atlantic American worth $207,000 at the end of the most recent reporting period. 5.13% of the stock is currently owned by institutional investors and hedge funds.

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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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