BlackRock Inc. grew its holdings in shares of American National Ins (NASDAQ:ANAT) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 322,639 shares of the insurance provider’s stock after acquiring an additional 3,146 shares during the quarter. BlackRock Inc.’s holdings in American National Ins were worth $41,378,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank raised its stake in American National Ins by 4.5% during the fourth quarter. Swiss National Bank now owns 23,413 shares of the insurance provider’s stock worth $3,003,000 after acquiring an additional 1,000 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in American National Ins during the fourth quarter worth about $596,000. Cigna Investments Inc. New acquired a new position in American National Ins during the fourth quarter worth about $485,000. First Manhattan Co. raised its stake in American National Ins by 4.0% during the fourth quarter. First Manhattan Co. now owns 191,304 shares of the insurance provider’s stock worth $24,534,000 after acquiring an additional 7,415 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in American National Ins by 16.0% during the third quarter. Wells Fargo & Company MN now owns 50,653 shares of the insurance provider’s stock worth $5,981,000 after acquiring an additional 6,987 shares in the last quarter. 66.08% of the stock is owned by hedge funds and other institutional investors.
American National Ins stock opened at $116.30 on Monday. American National Ins has a 1 year low of $110.43 and a 1 year high of $134.03. The company has a market capitalization of $3,132.89, a PE ratio of 18.06 and a beta of 1.19.
American National Ins (NASDAQ:ANAT) last released its quarterly earnings data on Tuesday, February 20th. The insurance provider reported $3.03 earnings per share (EPS) for the quarter. American National Ins had a return on equity of 3.53% and a net margin of 14.47%. The company had revenue of $924.36 million during the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Monday, March 5th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Friday, March 2nd.
ANAT has been the subject of several research analyst reports. ValuEngine raised American National Ins from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. BidaskClub raised American National Ins from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st.
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American National Ins Company Profile
American National Insurance Company, together with its subsidiaries, provides various insurance products and services in the United States, the District of Columbia, and Puerto Rico. The company's Life segment offers whole life, term life, universal life, variable universal life, and credit life insurance products.
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