Stone Ridge Asset Management LLC purchased a new position in shares of American National Insurance (NASDAQ:ANAT) in the fourth quarter, Holdings Channel reports. The fund purchased 4,395 shares of the insurance provider’s stock, valued at approximately $564,000.
Several other institutional investors have also bought and sold shares of the company. AMP Capital Investors Ltd acquired a new position in shares of American National Insurance during the 4th quarter worth $205,000. AXA acquired a new position in shares of American National Insurance during the 4th quarter worth $886,000. UBS Asset Management Americas Inc. raised its holdings in shares of American National Insurance by 128.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 5,710 shares of the insurance provider’s stock worth $732,000 after buying an additional 3,211 shares in the last quarter. BlackRock Inc. raised its holdings in shares of American National Insurance by 1.0% during the 4th quarter. BlackRock Inc. now owns 322,639 shares of the insurance provider’s stock worth $41,378,000 after buying an additional 3,146 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of American National Insurance by 2.8% during the 4th quarter. Schroder Investment Management Group now owns 50,857 shares of the insurance provider’s stock worth $6,522,000 after buying an additional 1,400 shares in the last quarter. 66.08% of the stock is owned by institutional investors.
A number of research firms have recently commented on ANAT. BidaskClub cut American National Insurance from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. ValuEngine raised American National Insurance from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th.
American National Insurance (NASDAQ:ANAT) last issued its quarterly earnings data on Tuesday, February 20th. The insurance provider reported $3.03 earnings per share for the quarter. The business had revenue of $924.36 million for the quarter. American National Insurance had a return on equity of 3.53% and a net margin of 14.47%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Monday, March 5th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 2.89%. American National Insurance’s dividend payout ratio is currently 17.91%.
American National Insurance Company Profile
American National Insurance Company is engaged in life insurance, annuities, and property and casualty insurance. The Company also offers limited health insurance. Its family of companies includes six life insurance companies, eight property and casualty insurance companies, and various non-insurance subsidiaries.
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