Panagora Asset Management Inc. Has $165,000 Stock Position in American National Insurance (NASDAQ:ANAT)

Panagora Asset Management Inc. decreased its position in American National Insurance (NASDAQ:ANAT) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,420 shares of the insurance provider’s stock after selling 119 shares during the period. Panagora Asset Management Inc.’s holdings in American National Insurance were worth $165,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ANAT. Dimensional Fund Advisors LP raised its holdings in American National Insurance by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 657,823 shares of the insurance provider’s stock valued at $83,700,000 after acquiring an additional 28,601 shares in the last quarter. Geode Capital Management LLC raised its holdings in American National Insurance by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 112,117 shares of the insurance provider’s stock valued at $14,265,000 after acquiring an additional 1,566 shares in the last quarter. Rhumbline Advisers raised its holdings in American National Insurance by 28.3% in the 1st quarter. Rhumbline Advisers now owns 21,951 shares of the insurance provider’s stock valued at $2,652,000 after acquiring an additional 4,847 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in American National Insurance by 31.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 4,705 shares of the insurance provider’s stock valued at $568,000 after acquiring an additional 1,117 shares in the last quarter. Finally, LSV Asset Management raised its holdings in American National Insurance by 40.2% in the 1st quarter. LSV Asset Management now owns 250,163 shares of the insurance provider’s stock valued at $30,224,000 after acquiring an additional 71,768 shares in the last quarter. 62.91% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub raised American National Insurance from a “hold” rating to a “buy” rating in a report on Thursday.

Shares of ANAT stock traded up $0.43 during trading hours on Friday, hitting $123.01. The company had a trading volume of 20,712 shares, compared to its average volume of 32,821. American National Insurance has a 12 month low of $111.01 and a 12 month high of $155.24. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 13.69 and a beta of 0.69. The firm’s fifty day moving average is $116.58 and its 200 day moving average is $120.62.

American National Insurance (NASDAQ:ANAT) last released its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $1.47 earnings per share for the quarter. American National Insurance had a return on equity of 4.36% and a net margin of 11.31%. The company had revenue of $956.68 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 10th will be paid a $0.82 dividend. The ex-dividend date is Monday, September 9th. This represents a $3.28 annualized dividend and a dividend yield of 2.67%.

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

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