Assetmark Inc. increased its holdings in American National Insurance (NASDAQ:ANAT) by 62.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,143 shares of the insurance provider’s stock after buying an additional 14,332 shares during the period. Assetmark Inc. owned 0.14% of American National Insurance worth $4,326,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ANAT. Lomas Capital Management LLC purchased a new position in shares of American National Insurance in the second quarter worth $12,376,000. Vanguard Group Inc. raised its stake in shares of American National Insurance by 7.1% during the second quarter. Vanguard Group Inc. now owns 822,836 shares of the insurance provider’s stock worth $95,835,000 after purchasing an additional 54,237 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of American National Insurance during the second quarter worth approximately $203,000. Commonwealth Bank of Australia raised its stake in shares of American National Insurance by 48.5% during the second quarter. Commonwealth Bank of Australia now owns 4,900 shares of the insurance provider’s stock worth $570,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Brandes Investment Partners LP purchased a new stake in shares of American National Insurance during the second quarter worth approximately $411,000. Institutional investors own 62.93% of the company’s stock.
Separately, BidaskClub cut American National Insurance from a “buy” rating to a “hold” rating in a research report on Friday, October 4th.
NASDAQ:ANAT traded down $0.81 during mid-day trading on Friday, reaching $115.89. The company’s stock had a trading volume of 24,833 shares, compared to its average volume of 42,717. The company’s fifty day simple moving average is $118.70 and its two-hundred day simple moving average is $117.88. The stock has a market cap of $3.12 billion, a P/E ratio of 13.09 and a beta of 0.70. American National Insurance has a twelve month low of $111.01 and a twelve month high of $155.24.
American National Insurance (NASDAQ:ANAT) last released its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $1.47 EPS for the quarter. The company had revenue of $956.68 million for the quarter. American National Insurance had a return on equity of 4.36% and a net margin of 11.31%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, September 10th were issued a $0.82 dividend. The ex-dividend date was Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.83%.
American National Insurance Company Profile
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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