BidaskClub Lowers American National Insurance (ANAT) to Hold

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

NASDAQ:ANAT opened at $127.61 on Friday. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 15.47 and a beta of 1.07. American National Insurance has a 12 month low of $112.89 and a 12 month high of $134.03.

A number of large investors have recently bought and sold shares of ANAT. Meadow Creek Investment Management LLC grew its holdings in American National Insurance by 337.5% in the second quarter. Meadow Creek Investment Management LLC now owns 1,190 shares of the insurance provider’s stock worth $142,000 after purchasing an additional 918 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of American National Insurance by 2,098.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,319 shares of the insurance provider’s stock valued at $158,000 after buying an additional 1,259 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of American National Insurance by 5,288.9% during the second quarter. Rehmann Capital Advisory Group now owns 1,455 shares of the insurance provider’s stock valued at $174,000 after buying an additional 1,428 shares during the last quarter. Barings LLC acquired a new position in shares of American National Insurance during the second quarter valued at about $206,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of American National Insurance during the second quarter valued at about $230,000. Institutional investors and hedge funds own 65.33% 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.

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