Atlantic American Corporation (NASDAQ:AAME – Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.27 and traded as low as $1.50. Atlantic American shares last traded at $1.57, with a volume of 29,578 shares trading hands.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded Atlantic American from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
Get Our Latest Stock Report on Atlantic American
Atlantic American Trading Up 0.6%
Institutional Trading of Atlantic American
An institutional investor recently bought a new position in Atlantic American stock. Citadel Advisors LLC purchased a new stake in Atlantic American Corporation (NASDAQ:AAME – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,224 shares of the financial services provider’s stock, valued at approximately $81,000. Citadel Advisors LLC owned 0.14% of Atlantic American as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 5.54% of the company’s stock.
Atlantic American Company Profile
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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