Connor Clark & Lunn Investment Management Ltd. bought a new stake in American National Insurance (NASDAQ:ANAT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,125 shares of the insurance provider’s stock, valued at approximately $247,000.
Several other large investors have also recently added to or reduced their stakes in ANAT. New York State Teachers Retirement System acquired a new position in American National Insurance in the second quarter valued at approximately $82,000. RK Asset Management LLC raised its position in shares of American National Insurance by 1.9% during the second quarter. RK Asset Management LLC now owns 81,599 shares of the insurance provider’s stock worth $9,504,000 after purchasing an additional 1,560 shares during the period. Rhumbline Advisers raised its position in shares of American National Insurance by 28.3% during the first quarter. Rhumbline Advisers now owns 21,951 shares of the insurance provider’s stock worth $2,652,000 after purchasing an additional 4,847 shares during the period. Twin Tree Management LP acquired a new position in shares of American National Insurance during the first quarter worth approximately $152,000. Finally, Moody National Bank Trust Division raised its position in shares of American National Insurance by 0.3% during the second quarter. Moody National Bank Trust Division now owns 11,311,614 shares of the insurance provider’s stock worth $1,317,464,000 after purchasing an additional 30,440 shares during the period. Institutional investors own 62.91% of the company’s stock.
Separately, BidaskClub raised American National Insurance from a “hold” rating to a “buy” rating in a research report on Thursday.
NASDAQ ANAT traded up $0.57 on Friday, reaching $123.15. The company had a trading volume of 799 shares, compared to its average volume of 34,451. The stock has a market capitalization of $3.28 billion, a P/E ratio of 13.46 and a beta of 0.69. The company’s fifty day moving average is $116.56 and its 200 day moving average is $120.77. American National Insurance has a 52-week low of $111.01 and a 52-week high of $155.24.
American National Insurance (NASDAQ:ANAT) last announced its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $1.47 earnings per share (EPS) for the quarter. The firm had revenue of $956.68 million during the quarter. American National Insurance had a return on equity of 4.36% and a net margin of 11.31%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a yield of 2.66%.
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.
Read More: Average Daily Trade Volume – ADTV
Receive News & Ratings for American National Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National Insurance and related companies with MarketBeat.com's FREE daily email newsletter.