State Street Corp increased its stake in American National Insurance Company (NASDAQ:ANAT) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,145 shares of the insurance provider’s stock after purchasing an additional 6,782 shares during the period. State Street Corp owned approximately 0.48% of American National Insurance worth $15,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ANAT. Aviance Capital Partners LLC boosted its stake in American National Insurance by 1.3% in the 2nd quarter. Aviance Capital Partners LLC now owns 13,785 shares of the insurance provider’s stock worth $1,606,000 after purchasing an additional 176 shares during the period. Sei Investments Co. boosted its stake in American National Insurance by 1.8% in the 2nd quarter. Sei Investments Co. now owns 118,768 shares of the insurance provider’s stock worth $13,835,000 after purchasing an additional 2,114 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in American National Insurance by 20.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 53,687 shares of the insurance provider’s stock worth $6,254,000 after purchasing an additional 9,284 shares during the period. Rhumbline Advisers boosted its stake in American National Insurance by 47.4% in the 2nd quarter. Rhumbline Advisers now owns 15,376 shares of the insurance provider’s stock worth $1,791,000 after purchasing an additional 4,944 shares during the period. Finally, SG Americas Securities LLC acquired a new position in American National Insurance in the 2nd quarter worth $124,000. 64.92% of the stock is owned by hedge funds and other institutional investors.

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Separately, BidaskClub lowered shares of American National Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th.

American National Insurance Company (NASDAQ:ANAT) opened at $123.10 on Wednesday. The firm has a market cap of $3,273.84, a price-to-earnings ratio of 23.70 and a beta of 1.38. American National Insurance Company has a one year low of $110.43 and a one year high of $131.99.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Thursday, November 30th. American National Insurance’s payout ratio is presently 42.32%.

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.

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

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