Russell Investments Group Ltd. raised its stake in American National Insurance (NASDAQ:ANAT) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,943 shares of the insurance provider’s stock after buying an additional 792 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of American National Insurance worth $2,707,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in ANAT. Bank of Montreal Can raised its holdings in American National Insurance by 612.5% during the 2nd quarter. Bank of Montreal Can now owns 21,581 shares of the insurance provider’s stock valued at $2,581,000 after buying an additional 18,552 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in American National Insurance by 4,077.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 31,996 shares of the insurance provider’s stock valued at $3,826,000 after purchasing an additional 31,230 shares during the period. First Manhattan Co. increased its position in American National Insurance by 1.7% during the 2nd quarter. First Manhattan Co. now owns 200,016 shares of the insurance provider’s stock valued at $23,920,000 after purchasing an additional 3,391 shares during the period. First Trust Advisors LP increased its position in American National Insurance by 220.0% during the 2nd quarter. First Trust Advisors LP now owns 53,854 shares of the insurance provider’s stock valued at $6,440,000 after purchasing an additional 37,023 shares during the period. Finally, IndexIQ Advisors LLC increased its position in American National Insurance by 7.8% during the 2nd quarter. IndexIQ Advisors LLC now owns 18,702 shares of the insurance provider’s stock valued at $2,237,000 after purchasing an additional 1,346 shares during the period. 65.16% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub downgraded shares of American National Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, December 1st.
Shares of American National Insurance stock opened at $123.98 on Friday. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 15.12 and a beta of 1.03. American National Insurance has a 12-month low of $112.89 and a 12-month high of $134.03.
American National Insurance (NASDAQ:ANAT) last issued its quarterly earnings data on Wednesday, October 24th. The insurance provider reported $2.48 earnings per share (EPS) for the quarter. The business had revenue of $1.05 billion for the quarter. American National Insurance had a net margin of 16.64% and a return on equity of 4.21%.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, December 6th.
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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