Russell Investments Group Ltd. decreased its position in American National Insurance (NASDAQ:ANAT) by 6.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,404 shares of the insurance provider’s stock after selling 1,527 shares during the period. Russell Investments Group Ltd. owned about 0.09% of American National Insurance worth $2,763,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Federated Investors Inc. PA purchased a new position in American National Insurance during the second quarter valued at $107,000. SG Americas Securities LLC purchased a new position in shares of American National Insurance in the 2nd quarter worth about $124,000. PNC Financial Services Group Inc. raised its position in shares of American National Insurance by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,205 shares of the insurance provider’s stock worth $140,000 after purchasing an additional 11 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of American National Insurance in the 2nd quarter worth about $291,000. Finally, Legal & General Group Plc increased its holdings in American National Insurance by 31.2% in the 2nd quarter. Legal & General Group Plc now owns 2,913 shares of the insurance provider’s stock worth $339,000 after buying an additional 692 shares in the last quarter. Hedge funds and other institutional investors own 65.13% of the company’s stock.
Separately, BidaskClub upgraded American National Insurance from a “sell” rating to a “hold” rating in a report on Thursday, December 21st.
American National Insurance (NASDAQ:ANAT) traded up $0.33 during midday trading on Thursday, reaching $128.45. The company had a trading volume of 12,668 shares, compared to its average volume of 12,121. The company has a market cap of $3,450.00, a P/E ratio of 16.57 and a beta of 1.36. American National Insurance has a 52 week low of $110.43 and a 52 week high of $134.03.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.82 per share. The ex-dividend date was Thursday, November 30th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.55%. American National Insurance’s dividend payout ratio is currently 42.32%.
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American National Insurance Profile
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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