American National Insurance (ANAT) Stake Lowered by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. trimmed its position in shares of American National Insurance (NASDAQ:ANAT) by 2.0% in the 1st quarter, Holdings Channel reports. The fund owned 11,843 shares of the insurance provider’s stock after selling 245 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in American National Insurance were worth $1,431,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Morgan Stanley boosted its position in shares of American National Insurance by 2,094.4% during the third quarter. Morgan Stanley now owns 36,559 shares of the insurance provider’s stock worth $4,726,000 after buying an additional 34,893 shares during the period. Vanguard Group Inc. boosted its position in shares of American National Insurance by 2.0% during the third quarter. Vanguard Group Inc. now owns 746,329 shares of the insurance provider’s stock worth $96,493,000 after buying an additional 14,303 shares during the period. Legal & General Group Plc boosted its position in shares of American National Insurance by 10.2% during the third quarter. Legal & General Group Plc now owns 3,442 shares of the insurance provider’s stock worth $445,000 after buying an additional 320 shares during the period. Quantamental Technologies LLC acquired a new position in shares of American National Insurance during the fourth quarter worth about $89,000. Finally, Balasa Dinverno & Foltz LLC boosted its position in shares of American National Insurance by 324.2% during the fourth quarter. Balasa Dinverno & Foltz LLC now owns 10,193 shares of the insurance provider’s stock worth $1,297,000 after buying an additional 7,790 shares during the period. 62.90% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub lowered American National Insurance from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 27th.

ANAT opened at $116.48 on Thursday. American National Insurance has a 52-week low of $112.47 and a 52-week high of $155.24. The stock has a market cap of $3.10 billion, a P/E ratio of 13.48 and a beta of 0.76.

American National Insurance (NASDAQ:ANAT) last released its earnings results on Monday, February 25th. The insurance provider reported $2.76 earnings per share (EPS) for the quarter. American National Insurance had a return on equity of 4.29% and a net margin of 10.92%. The business had revenue of $518.70 million for the quarter.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a dividend of $0.82 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.28 annualized dividend and a yield of 2.82%.

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American National Insurance 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.

Read More: Understanding Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for American National Insurance (NASDAQ:ANAT)

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