BidaskClub lowered shares of American National Insurance Company (NASDAQ:ANAT) from a hold rating to a sell rating in a research report sent to investors on Monday, July 31st.

American National Insurance (NASDAQ ANAT) traded down 0.09% on Monday, hitting $118.04. 11,117 shares of the stock were exchanged. The company’s 50 day moving average price is $118.58 and its 200-day moving average price is $117.49. The company has a market cap of $3.17 billion, a P/E ratio of 16.35 and a beta of 1.33. American National Insurance has a one year low of $111.51 and a one year high of $131.99.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.82 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.28 annualized dividend and a dividend yield of 2.78%. American National Insurance’s payout ratio is 45.37%.

Large investors have recently made changes to their positions in the company. Schroder Investment Management Group increased its stake in shares of American National Insurance by 152.6% in the second quarter. Schroder Investment Management Group now owns 50,157 shares of the insurance provider’s stock valued at $5,848,000 after buying an additional 30,300 shares during the last quarter. Swiss National Bank increased its stake in shares of American National Insurance by 69.6% in the second quarter. Swiss National Bank now owns 22,413 shares of the insurance provider’s stock valued at $2,611,000 after buying an additional 9,200 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of American National Insurance by 3.9% in the second quarter. Pacer Advisors Inc. now owns 3,136 shares of the insurance provider’s stock valued at $365,000 after buying an additional 118 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of American National Insurance by 10.2% in the second quarter. Parallel Advisors LLC now owns 3,074 shares of the insurance provider’s stock valued at $366,000 after buying an additional 284 shares during the last quarter. Finally, Federated Investors Inc. PA bought a new stake in shares of American National Insurance during the second quarter valued at about $107,000. Institutional investors and hedge funds own 66.47% of the company’s stock.

American National Insurance Company 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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