Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States The company operates through American Southern and Bankers Fidelity segments.
Atlantic American is a micro cap stock with a total market cap of 42.77M.
They trade on the NASDAQ and had their IPO 43 years and 3 months
Atlantic American currently employs 138 people.
News Relating to $AAME
GlobeNewsWire
Atlantic American Corporation Reports Second Quarter Results For 2021
Tuesday Aug 10 2021 at 13:00
ATLANTA, Aug. 10, 2021 (GLOBE NEWSWIRE) — Atlantic American Corporation (Nasdaq- AAME) today reported net income for the three month period ended June 30, 2021 of $3.0 million, or $0.14 per diluted share, as compared to net income of $6.5 million, or $0.30 per diluted share, for the comparable period in 2020. For the six month period ended June 30, 2021, the Company reported net income of $2.5 million, or $0.11 per diluted share, as compared to net loss of $1.6 million, or $0.09 per diluted share, for the comparable period in 2020. The decrease in net income during the second quarter of 2021 was primarily due to a $4.5 million increase in life and health insurance benefits and losses incurred. Such increase was largely the result of higher utilization of policy benefits as compared to the unusually low levels experienced in 2020 during the COVID-19 shelter in place restrictions imposed on our policyholders. The increase in net income for the six month period ended June 30, 2021 was primarily due to $4.7 million of net unrealized gains on equity securities as compared to $7.1 million of unrealized losses on equity securities during the comparable period in 2020. Changes in unrealized gains and losses on equity securities for the applicable periods are primarily the result of fluctuations in the market values of the Company’s equity investments.
GlobeNewsWire
Atlantic American Corporation Reports First Quarter Results for 2021
Tuesday May 11 2021 at 10:24
ATLANTA, May 11, 2021 (GLOBE NEWSWIRE) — Atlantic American Corporation (Nasdaq- AAME) today reported net loss of $0.4 million, or $0.03 per common share, in the first quarter of 2021 compared to net loss of $8.1 million, or $0.40 per common share, in the first quarter of 2020. The decrease in net loss was primarily the result of unrealized gains on equity securities of $0.7 million in the current quarter as compared to unrealized losses on equity securities of $8.5 million in the prior year quarter. Although price levels have generally recovered, the Company’s investment portfolio was significantly impacted during the first quarter of 2020 by material declines in capital markets as a result of the COVID-19 pandemic.
Business Wire
AM Best Affirms Credit Ratings of Atlantic American Corporation and Its Subsidiaries
Thursday Apr 22 2021 at 15:48
OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of American Southern Insurance Company (Topeka, KS) and its wholly owned and 100% reinsured subsidiary, American Safety Insurance Company (collectively referred to as American Southern Group). Additionally, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” of Bankers Fidelity Life Insurance Company an
Seeking Alpha
Atlantic American Corporation Trades At Less Than 9x EPS
Thursday Mar 25 2021 at 10:16
Insurance company Atlantic American Corp. appears to be a buy because of its balance sheet. The total amount of assets was equal to $405 million, with total liabilities of $260 million. Note that the market capitalization is equal to $104 million.
Pulse2
AAME Stock Price Increased 25.55%: Why It Happened
Sunday Mar 21 2021 at 09:46
The stock price of Atlantic American Corporation (NASDAQ: AAME) increased by 25.55% on March 19. This is why it happened.
InvestorPlace
AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket
Friday Mar 19 2021 at 10:43
Atlantic American (AAME) stock is soaring higher on heavy trading Friday despite there being no new news to report about the company. The post AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket appeared first on InvestorPlace.
Pulse2
AAME Stock Price Went Up Over 568% Today: Why It Happened
Friday Feb 05 2021 at 15:55
The stock price of Atlantic American Corporation (NASDAQ:AAME) hit over 568% today. This is why it happened.
InvestorPlace
AAME Stock: 6 Things to Know About Atlantic American as Shares Go Parabolic
Friday Feb 05 2021 at 12:08
Atlantic American (AAME) stock is soaring higher on Friday with heavy trading despite a lack of news coming from the insurance company. The post AAME Stock: 6 Things to Know About Atlantic American as Shares Go Parabolic appeared first on InvestorPlace.
GlobeNewsWire
Atlantic American Reports Third Quarter Results
Tuesday Nov 10 2020 at 12:43
ATLANTA, Nov. 10, 2020 (GLOBE NEWSWIRE) — Atlantic American Corporation (Nasdaq- AAME) today reported net income for the three month period ended September 30, 2020 of $1.9 million, or $0.09 per diluted share, as compared to net loss of $1.4 million, or $0.07 per diluted share, for the comparable period in 2019. For the nine month period ended September 30, 2020, the Company reported net income of $0.3 million, or nil per diluted share, as compared to net loss of $1.7 million, or $0.10 per diluted share, for the comparable period in 2019. The increase in net income during the third quarter of 2020 was primarily due to a $5.5 million decrease in insurance benefits and losses incurred somewhat offset by a decrease in unrealized gains on equity securities of $1.7 million for the third quarter of 2020 as compared to the third quarter of 2019. The increase in net income for the nine month period ended September 30, 2020 was primarily due to a $14.3 million decrease in insurance benefits and losses incurred mostly offset by a decrease of $9.9 million of net unrealized gains on equity securities during the nine month period ended September 30, 2020 as compared to the comparable period in 2019. Changes in unrealized gains and losses on equity securities for the applicable periods are primarily the result of fluctuations in the market values of the Company’s equity investments.
seekingalpha
Retirement Portfolio: Do Not Set On Autopilot
Thursday Oct 22 2020 at 12:35
Target-Date Funds are popular retirement investments because of their one-stop shopping nature. While they appear simple, the holdings are quite complex.
Insider Trading
(Original Source: SEC.GOV)
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
Over the last 3 months, there has been no insider trading.
Debt & Income Analysis
(Original Source: SEC.GOV)
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
$AAME’s Income Quality of 2.67 is greater than its Industry Group of 1.4 (90.7% greater)
$AAME’s Income Quality of 2.67 is greater than its Major Industry Group of 1.28 (108.6% greater)
$AAME’s Income Quality of 2.67 is greater than its Sector of 1.16 (130.2% greater)
(Original Source: SEC.GOV)
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
$AAME’s Current Ratio of 259.85 is greater than its Industry Group of 139.57 (86.2% greater)
$AAME’s Current Ratio of 259.85 is greater than its Major Industry Group of 15.77 (1547.7% greater)
$AAME’s Current Ratio of 259.85 is greater than its Sector of 2.63 (9780.2% greater)
Value Analysis
(Original Source: SEC.GOV)
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
Cannot compare a negative PE Ratio (13.6 & -0.14)
$AAME’s PE Ratio of 13.6 is greater than its Major Industry Group of 6.44 (111.2% greater)
$AAME’s PE Ratio of 13.6 is greater than its Sector of 8.33 (63.3% greater)
(Original Source: SEC.GOV)
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
$AAME’s PB Ratio of 0.36 is lower than its Industry Group of 0.47 (-23.4% lower)
$AAME’s PB Ratio of 0.36 is lower than its Major Industry Group of 0.97 (-62.9% lower)
$AAME’s PB Ratio of 0.36 is lower than its Sector of 0.89 (-59.6% lower)
Efficiency Analysis
(Original Source: SEC.GOV)
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
$AAME’s ROE of 0.03 is greater than its Industry Group of -0.02 (250.0% greater)
$AAME’s ROE of 0.03 is in line with its Major Industry Group of 0.03
$AAME’s ROE of 0.03 is lower than its Sector of 0.07 (-57.1% lower)
(Original Source: SEC.GOV)
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Cannot compute a percentage difference when there are zeros in the calculation
$AAME’s ROCE of 0.02 is greater than its Major Industry Group of 0.01 (100.0% greater)
$AAME’s ROCE of 0.02 is in line with its Sector of 0.02