American National Insurance (ANAT) Lowered to “Sell” at BidaskClub

BidaskClub lowered shares of American National Insurance (NASDAQ:ANAT) from a hold rating to a sell rating in a report published on Tuesday.

Shares of American National Insurance (NASDAQ ANAT) opened at $122.91 on Tuesday. American National Insurance has a 12 month low of $110.43 and a 12 month high of $130.24. The stock has a market capitalization of $3,312.62, a price-to-earnings ratio of 23.98 and a beta of 1.37.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.82 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.28 dividend on an annualized basis and a yield of 2.67%. American National Insurance’s payout ratio is presently 42.32%.

A number of hedge funds have recently modified their holdings of ANAT. Donald Smith & CO. Inc. grew its position in shares of American National Insurance by 3.1% during the second quarter. Donald Smith & CO. Inc. now owns 1,017,396 shares of the insurance provider’s stock valued at $118,516,000 after purchasing an additional 30,335 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of American National Insurance by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 519,637 shares of the insurance provider’s stock valued at $60,533,000 after purchasing an additional 8,331 shares in the last quarter. Aperio Group LLC grew its position in shares of American National Insurance by 3.0% during the third quarter. Aperio Group LLC now owns 209,824 shares of the insurance provider’s stock valued at $24,776,000 after purchasing an additional 6,045 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of American National Insurance by 4.9% during the second quarter. Renaissance Technologies LLC now owns 186,700 shares of the insurance provider’s stock valued at $21,749,000 after purchasing an additional 8,700 shares in the last quarter. Finally, First Manhattan Co. grew its position in shares of American National Insurance by 0.5% during the third quarter. First Manhattan Co. now owns 183,889 shares of the insurance provider’s stock valued at $21,713,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 65.13% of the company’s stock.

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About American National Insurance

American National Insurance Company is engaged in life insurance, annuities, and property and casualty insurance. The Company also offers limited health insurance. Its family of companies includes six life insurance companies, eight property and casualty insurance companies, and various non-insurance subsidiaries.

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