Atlantic American (NASDAQ:AAME) Now Covered by StockNews.com

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

Atlantic American Trading Up 1.2%

Shares of AAME opened at $1.74 on Tuesday. The stock’s fifty day simple moving average is $1.51 and its 200 day simple moving average is $1.55. Atlantic American has a twelve month low of $1.25 and a twelve month high of $1.99. The firm has a market capitalization of $35.50 million, a P/E ratio of -4.97 and a beta of 0.65.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings data 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 firm also recently disclosed an annual dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a yield of 1.1%. Atlantic American’s dividend payout ratio is currently -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.