American National Insurance (NASDAQ:ANAT) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Shares of ANAT opened at $137.21 on Wednesday. The stock has a market capitalization of $3.74 billion, a PE ratio of 17.42 and a beta of 0.83. American National Insurance has a fifty-two week low of $112.92 and a fifty-two week high of $155.24.

Institutional investors and hedge funds have recently modified their holdings of the company. MUFG Securities EMEA plc bought a new stake in shares of American National Insurance in the fourth quarter valued at approximately $547,000. American Century Companies Inc. boosted its position in shares of American National Insurance by 0.6% in the fourth quarter. American Century Companies Inc. now owns 16,880 shares of the insurance provider’s stock valued at $2,148,000 after acquiring an additional 100 shares during the period. Geode Capital Management LLC boosted its position in shares of American National Insurance by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 112,117 shares of the insurance provider’s stock valued at $14,265,000 after acquiring an additional 1,566 shares during the period. Norges Bank bought a new stake in shares of American National Insurance in the fourth quarter valued at approximately $30,037,000. Finally, FMR LLC boosted its position in shares of American National Insurance by 7.7% in the fourth quarter. FMR LLC now owns 144,426 shares of the insurance provider’s stock valued at $18,377,000 after acquiring an additional 10,282 shares during the period. Institutional investors own 62.91% of the company’s stock.

About American National Insurance

American National Insurance Company, together with its subsidiaries, provides various insurance products and services in the United States, the District of Columbia, and Puerto Rico. The company's Life segment offers whole life, term life, universal life, variable universal life, and credit life insurance products.

Featured Story: Compound Annual Growth Rate (CAGR)

Receive News & Ratings for American National Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National Insurance and related companies with MarketBeat.com's FREE daily email newsletter.