Atlantic American Corporation (NASDAQ:AAME – Get Free Report)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.65 and traded as low as $2.30. Atlantic American shares last traded at $2.33, with a volume of 7,680 shares.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded shares of Atlantic American from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.
View Our Latest Research Report on Atlantic American
Atlantic American Trading Down 0.9%
Institutional Investors Weigh In On Atlantic American
Hedge funds and other institutional investors have recently modified their holdings of the stock. Teton Advisors LLC bought a new stake in shares of Atlantic American in the 3rd quarter worth about $55,000. Citadel Advisors LLC bought a new stake in shares of Atlantic American in the 3rd quarter worth about $81,000. Finally, Geode Capital Management LLC increased its position in shares of Atlantic American by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 46,273 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 4,368 shares during the last quarter. Institutional investors own 5.54% of the company’s stock.
About Atlantic American
Atlantic American Corporation is a Florida-based holding company that engages in the insurance business through its wholly owned subsidiaries. The company’s operations are organized into four principal segments: Life Insurance, Accident and Health Insurance, Property and Casualty Insurance, and Risk Retention Group. Through these lines of business, Atlantic American provides a range of insurance products and services to individuals, businesses and affinity groups across the United States.
In its Life Insurance segment, Atlantic American offers traditional whole life and universal life policies, emphasizing guaranteed death benefits and cash value accumulation.
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