American National Insurance (ANAT) Rating Lowered to Sell at BidaskClub

BidaskClub downgraded shares of American National Insurance (NASDAQ:ANAT) from a hold rating to a sell rating in a research note published on Tuesday morning.

American National Insurance (ANAT) opened at $122.33 on Tuesday. American National Insurance has a 1 year low of $110.43 and a 1 year high of $130.24. The firm has a market capitalization of $3,311.00, a price-to-earnings ratio of 23.97 and a beta of 1.37.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.82 per share. The ex-dividend date was Thursday, November 30th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.68%. American National Insurance’s dividend payout ratio is presently 42.32%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of American National Insurance by 47.4% during the 2nd quarter. Rhumbline Advisers now owns 15,376 shares of the insurance provider’s stock valued at $1,791,000 after purchasing an additional 4,944 shares during the period. Teachers Advisors LLC raised its stake in shares of American National Insurance by 18.9% during the 2nd quarter. Teachers Advisors LLC now owns 9,685 shares of the insurance provider’s stock valued at $1,128,000 after purchasing an additional 1,542 shares during the period. UBS Asset Management Americas Inc. bought a new stake in shares of American National Insurance during the 2nd quarter valued at $291,000. Renaissance Technologies LLC raised its stake in shares of American National Insurance by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 186,700 shares of the insurance provider’s stock valued at $21,749,000 after purchasing an additional 8,700 shares during the period. Finally, Donald Smith & CO. Inc. raised its stake in shares of American National Insurance by 3.1% during the 2nd quarter. Donald Smith & CO. Inc. now owns 1,017,396 shares of the insurance provider’s stock valued at $118,516,000 after purchasing an additional 30,335 shares during the period. 65.13% of the stock is currently owned by hedge funds and other institutional investors.

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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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