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Atlantic American Corporation (AAME) Stock News Sentiment & Price - Sentifly
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Atlantic American Corporation (AAME)

USA
Life Insurance
NASDAQ
AAME Price and Sentiment
1MO
1D
Positive, Negative
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AAME Latest news
GlobeNewsWire
Neutral
Atlantic American Corporation Reports Second Quarter Results For 2021
2021-08-10 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 mill

GlobeNewsWire
Neutral
Atlantic American Corporation Reports First Quarter Results for 2021
2021-05-11 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
Neutral
AM Best Affirms Credit Ratings of Atlantic American Corporation and Its Subsidiaries
2021-04-22 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
Neutral
Atlantic American Corporation Trades At Less Than 9x EPS
2021-03-25 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.

GlobeNewsWire
Neutral
Atlantic American Corporation Reports Fourth Quarter and Year End Results for 2020; Declares Annual Dividend
2021-03-23 12:51

ATLANTA, March 23, 2021 (GLOBE NEWSWIRE) -- Atlantic American Corporation (Nasdaq- AAME) today reported net income for the three month period ended December 31, 2020 of $11.8 million, or $0.54 per diluted share, as compared to net income of $1.3 million, or $0.06 per diluted share, for the comparable period in 2019. For the year ended December 31, 2020, the Company reported net income of $12.2 million, or $0.56 per diluted share, as compared to net loss of $0.4 million, or $0.04 per diluted share, for the comparable period in 2019. The increase in net income during the fourth quarter of 2020 was primarily due to a $7.0 million increase in realized gains coupled with a $5.1 million decrease in insurance benefits and losses incurred for the fourth quarter of 2020 as compared to the comparable quarter of 2019. The increase in net income for the year ended December 31, 2020 was primarily due to a $19.3 million decrease in insurance benefits and losses incurred and a $5.8 million increase in realized gains, somewh

Pulse2
Positive
AAME Stock Price Increased 25.55%: Why It Happened
2021-03-21 09:46

The stock price of Atlantic American Corporation (NASDAQ: AAME) increased by 25.55% on March 19. This is why it happened.

InvestorPlace
Positive
AAME Stock: 8 Things to Know About Atlantic American as Shares Rocket
2021-03-19 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
Positive
AAME Stock Price Went Up Over 568% Today: Why It Happened
2021-02-05 15:55

The stock price of Atlantic American Corporation (NASDAQ:AAME) hit over 568% today. This is why it happened.

Market Watch
Positive
Atlantic American stock rockets nearly four-fold toward 34-year high, with no news released
2021-02-05 14:04

Shares of Atlantic American Corp. skyrocketed nearly four fold on massive volume, putting the on track for the highest close since before Black Monday. The Atlanta-based insurance holding company's stock, up 272% in afternoon trading, was the biggest gainer trading on major U.S. exchanges.

InvestorPlace
Positive
AAME Stock: 6 Things to Know About Atlantic American as Shares Go Parabolic
2021-02-05 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.

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