Great West Life Assurance Co. Can decreased its position in American National Insurance (NASDAQ:ANAT) by 42.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,110 shares of the insurance provider’s stock after selling 806 shares during the period. Great West Life Assurance Co. Can’s holdings in American National Insurance were worth $130,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in American National Insurance by 7.7% in the first quarter. BlackRock Inc. now owns 347,522 shares of the insurance provider’s stock valued at $40,644,000 after buying an additional 24,883 shares during the period. Aperio Group LLC lifted its holdings in American National Insurance by 15.1% in the first quarter. Aperio Group LLC now owns 247,405 shares of the insurance provider’s stock valued at $28,936,000 after buying an additional 32,366 shares during the period. Northern Trust Corp lifted its holdings in American National Insurance by 0.9% in the first quarter. Northern Trust Corp now owns 97,540 shares of the insurance provider’s stock valued at $11,409,000 after buying an additional 915 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in American National Insurance by 43.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 91,550 shares of the insurance provider’s stock valued at $10,708,000 after buying an additional 27,803 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in American National Insurance by 4.3% in the fourth quarter. Bank of New York Mellon Corp now owns 70,604 shares of the insurance provider’s stock valued at $9,055,000 after buying an additional 2,912 shares during the period. Institutional investors and hedge funds own 64.85% of the company’s stock.
Get American National Insurance alerts:
In related news, Director Arthur Oleen Dummer purchased 537 shares of the firm’s stock in a transaction on Friday, May 18th. The stock was purchased at an average cost of $121.44 per share, with a total value of $65,213.28. Following the completion of the purchase, the director now owns 6,324 shares in the company, valued at approximately $767,986.56. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider E Douglas Mcleod purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, May 30th. The stock was bought at an average cost of $119.01 per share, with a total value of $119,010.00. Following the completion of the purchase, the insider now owns 20,750 shares of the company’s stock, valued at approximately $2,469,457.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,877 shares of company stock valued at $224,724. Insiders own 23.52% of the company’s stock.
American National Insurance opened at $121.78 on Friday, MarketBeat reports. The firm has a market capitalization of $3.24 billion, a P/E ratio of 17.17 and a beta of 1.15. American National Insurance has a 12-month low of $110.43 and a 12-month high of $134.03.
American National Insurance (NASDAQ:ANAT) last posted its quarterly earnings results on Tuesday, April 24th. The insurance provider reported $1.63 earnings per share for the quarter. American National Insurance had a net margin of 13.76% and a return on equity of 3.76%. The firm had revenue of $803.38 million during the quarter.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, May 30th.
Several research firms recently issued reports on ANAT. ValuEngine upgraded shares of American National Insurance from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. BidaskClub lowered shares of American National Insurance from a “hold” rating to a “sell” rating in a report on Thursday, May 31st.
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.
