StockNews.com Begins Coverage on Atlantic American (NASDAQ:AAME)

StockNews.com initiated coverage on shares of Atlantic American (NASDAQ:AAME) in a report published on Tuesday. The brokerage issued a hold rating on the financial services provider’s stock.

Atlantic American Price Performance

NASDAQ:AAME opened at $1.74 on Tuesday. The firm has a 50-day moving average of $1.51 and a two-hundred day moving average of $1.55. The stock has a market cap of $35.50 million, a P/E ratio of -4.97 and a beta of 0.65. Atlantic American has a 1-year low of $1.25 and a 1-year high of $1.99.

Atlantic American (NASDAQ:AAME) last issued its quarterly earnings results on Tuesday, May 13th. The financial services provider reported $0.01 EPS for the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Atlantic American Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a dividend yield of 1.1%. Atlantic American’s dividend payout ratio (DPR) is presently -9.09%.

About Atlantic American

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.