American National Insurance (NASDAQ:ANAT) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Shares of American National Insurance (NASDAQ ANAT) opened at $127.58 on Thursday. The firm has a market capitalization of $3,378.60, a PE ratio of 24.45 and a beta of 1.37. American National Insurance has a fifty-two week low of $110.43 and a fifty-two week high of $130.37.

A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in American National Insurance by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,205 shares of the insurance provider’s stock valued at $140,000 after acquiring an additional 11 shares during the period. Pacer Advisors Inc. boosted its stake in 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 acquiring an additional 118 shares during the period. Parallel Advisors LLC boosted its stake in 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 acquiring an additional 284 shares during the period. Royal Bank of Canada boosted its stake in American National Insurance by 12.5% in the second quarter. Royal Bank of Canada now owns 4,951 shares of the insurance provider’s stock valued at $577,000 after acquiring an additional 552 shares during the period. Finally, Legal & General Group Plc boosted its stake in American National Insurance by 31.2% in the second quarter. Legal & General Group Plc now owns 2,913 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 692 shares during the period. Institutional investors own 65.13% of the company’s stock.

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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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