Dynamic Technology Lab Private Ltd purchased a new position in American National Insurance (NASDAQ:ANAT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,973 shares of the insurance provider’s stock, valued at approximately $233,000.

Other hedge funds also recently added to or reduced their stakes in the company. Federated Investors Inc. PA purchased a new stake in shares of American National Insurance in the 2nd quarter valued at $107,000. SG Americas Securities LLC purchased a new stake in shares of American National Insurance in the 2nd quarter valued at $124,000. PNC Financial Services Group Inc. boosted its stake in shares of American National Insurance by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,205 shares of the insurance provider’s stock valued at $140,000 after purchasing an additional 11 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of American National Insurance in the 2nd quarter valued at $291,000. Finally, Legal & General Group Plc boosted its stake in shares of American National Insurance by 31.2% in the 2nd quarter. Legal & General Group Plc now owns 2,913 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 692 shares in the last quarter. 65.13% of the stock is owned by institutional investors and hedge funds.

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

Shares of American National Insurance (ANAT) opened at $124.10 on Thursday. American National Insurance has a 12 month low of $110.43 and a 12 month high of $131.99. The stock has a market cap of $3,406.34, a price-to-earnings ratio of 24.66 and a beta of 1.37.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.82 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.64%. American National Insurance’s dividend payout ratio (DPR) is 42.32%.

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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.

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

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