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Atlantic American Corp. (AAME) Chairman, 10% Owner J Mack Robinson buys 7,080 Shares

October 14, 2009 | About:
insider

insider

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Chairman, 10% Owner of Atlantic American Corp. (AAME) J Mack Robinson buys 7,080 shares of AAME on 10/13/2009 at an average price of $1.25 a share.

Atlantic American Corporation is a holding company that operates through its subsidiaries in well-defined specialty markets of the life health property and casualty insurance industries. Atlantic American Corp. has a market cap of $22.55 million; its shares were traded at around $1.3 with a P/E ratio of 12.63 and P/S ratio of 0.23. Atlantic American Corp. had an annual average earning growth of 10.9% over the past 5 years.

Insiders' Positions with AAME


  • Buy:: Chairman, 10% Owner on 09/29/2009 J Mack Robinson bought 8,000 shares of AAME stock at the average price of 1, the price of the stock has increased by 30% since

  • Buy:: Trustee under Rule 16a-8 on 09/29/2009 Harriett J Robinson bought 8,000 shares of AAME stock at the average price of 1, the price of the stock has increased by 30% since

  • Buy:: Chairman, 10% Owner on 09/28/2009 J Mack Robinson bought 10,000 shares of AAME stock at the average price of 1, the price of the stock has increased by 30% since

  • Buy:: Trustee under Rule 16a-8 on 09/28/2009 Harriett J Robinson bought 10,000 shares of AAME stock at the average price of 1, the price of the stock has increased by 30% since

  • Buy:: Trustee under Rule 16a-8 on 09/18/2009 Harriett J Robinson bought 28,740 shares of AAME stock at the average price of 0.81, the price of the stock has increased by 60.49% since


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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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