Renaissance Technologies LLC increased its stake in shares of American National Insurance Company (NASDAQ:ANAT) by 4.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 186,700 shares of the insurance provider’s stock after buying an additional 8,700 shares during the quarter. Renaissance Technologies LLC owned about 0.70% of American National Insurance worth $21,749,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. UBS Asset Management Americas Inc. purchased a new position in American National Insurance during the second quarter worth approximately $291,000. New York State Common Retirement Fund lifted its position in American National Insurance by 2.7% during the second quarter. New York State Common Retirement Fund now owns 38,256 shares of the insurance provider’s stock worth $4,456,000 after buying an additional 999 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in American National Insurance by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,205 shares of the insurance provider’s stock worth $140,000 after buying an additional 11 shares in the last quarter. Teachers Advisors LLC lifted its position in American National Insurance by 18.9% during the second quarter. Teachers Advisors LLC now owns 9,685 shares of the insurance provider’s stock worth $1,128,000 after buying an additional 1,542 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in American National Insurance by 152.6% during the second quarter. Schroder Investment Management Group now owns 50,157 shares of the insurance provider’s stock worth $5,848,000 after buying an additional 30,300 shares in the last quarter. Hedge funds and other institutional investors own 65.23% of the company’s stock.

Separately, BidaskClub upgraded American National Insurance from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th.

Shares of American National Insurance Company (ANAT) opened at 119.88 on Wednesday. American National Insurance Company has a 52-week low of $110.43 and a 52-week high of $131.99. The firm has a 50-day moving average price of $116.90 and a 200-day moving average price of $116.99. The stock has a market cap of $3.22 billion, a P/E ratio of 16.60 and a beta of 1.34.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Wednesday, August 30th. American National Insurance’s dividend payout ratio (DPR) is 45.37%.

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

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