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AM Best Affirms Credit Ratings of Atlantic American Corporation and Its Subsidiaries
April 22, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Apr 22, 2021
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 and its wholly owned and 100% reinsured subsidiary, Bankers Fidelity Assurance Company (collectively referred to as Bankers Fidelity Life Insurance Group [BFLIG]). Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” of the parent company, Atlantic American Corpora
BankersWorksite® Rebrands to Atlantic American Employee Benefits
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BankersWorksite® Rebrands to Atlantic American Employee Benefits
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AAME Stock: 6 Things to Know About Atlantic American as Shares Go Parabolic AAME appears to be the target of Reddit investors Feb 5, 2021, 12:08 pm EDT February 5, 2021
Atlantic American (NASDAQ:
AAME) stock is soaring higher on Friday despite a lack of news coming from the insurance company.
Source: thodonal88 / Shutterstock.com
That increase comes alongside heavy trading of AAME stock. As of this writing, more than 46 million shares have changed hands. To put that in perspective, the company’s daily average trading volume is only about 28,000 shares.
So why exactly are investors going crazy over AAME stock? Blame the Reddit traders. It looks like this is yet another case of investors on social media comping together to push a stock up higher and enjoy the profits.