Atlantic American Corporation (NASDAQ:AAME - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.67 and traded as low as $2.48. Atlantic American shares last traded at $2.51, with a volume of 6,590 shares changing hands.
Atlantic American Stock Performance
The business's fifty day moving average is $2.54 and its two-hundred day moving average is $2.67. The company has a market cap of $51.20 million, a P/E ratio of 11.41 and a beta of 0.79.
Institutional Investors Weigh In On Atlantic American
Large investors have recently modified their holdings of the business. Teton Advisors LLC bought a new stake in shares of Atlantic American in the 3rd quarter valued at about $55,000. Citadel Advisors LLC bought a new stake in shares of Atlantic American in the 3rd quarter valued at about $81,000. Finally, Geode Capital Management LLC raised its holdings 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 valued at $131,000 after purchasing an additional 4,368 shares in the last quarter. Institutional investors own 5.54% of the company's stock.
Atlantic American Company Profile
(
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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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