American National Insurance (ANAT) Holdings Cut by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its holdings in American National Insurance (NASDAQ:ANAT) by 45.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,729 shares of the insurance provider’s stock after selling 3,069 shares during the quarter. Allianz Asset Management GmbH’s holdings in American National Insurance were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its holdings in shares of American National Insurance by 10.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 59,106 shares of the insurance provider’s stock valued at $6,980,000 after purchasing an additional 5,419 shares during the period. Wells Fargo & Company MN raised its holdings in shares of American National Insurance by 16.0% during the third quarter. Wells Fargo & Company MN now owns 50,653 shares of the insurance provider’s stock valued at $5,981,000 after purchasing an additional 6,987 shares during the period. Citadel Advisors LLC acquired a new position in shares of American National Insurance during the third quarter valued at about $213,000. Great West Life Assurance Co. Can raised its holdings in shares of American National Insurance by 65.8% during the third quarter. Great West Life Assurance Co. Can now owns 1,824 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 724 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of American National Insurance during the third quarter valued at about $233,000. 65.22% of the stock is currently owned by institutional investors.

American National Insurance (NASDAQ:ANAT) traded down $0.79 on Monday, hitting $127.40. 5,059 shares of the company were exchanged, compared to its average volume of 9,829. American National Insurance has a 12 month low of $110.43 and a 12 month high of $134.03. The firm has a market cap of $3,452.40, a price-to-earnings ratio of 16.44 and a beta of 1.36.

American National Insurance (NASDAQ:ANAT) last posted its earnings results on Monday, October 30th. The insurance provider reported $1.57 earnings per share for the quarter. American National Insurance had a net margin of 6.28% and a return on equity of 2.89%.

Separately, BidaskClub lowered shares of American National Insurance from a “hold” rating to a “sell” rating in a report on Thursday.

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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.

Institutional Ownership by Quarter for American National Insurance (NASDAQ:ANAT)

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