American National Insurance Company (NASDAQ:ANAT) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Shares of American National Insurance (NASDAQ:ANAT) remained flat at $119.72 during trading on Thursday. The company had a trading volume of 136 shares. The stock has a market cap of $3.22 billion, a PE ratio of 16.58 and a beta of 1.33. American National Insurance has a one year low of $111.51 and a one year high of $131.99. The company has a 50-day moving average of $117.90 and a 200-day moving average of $117.47.

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A number of institutional investors have recently modified their holdings of ANAT. Aviance Capital Partners LLC boosted its position in shares of American National Insurance by 1.3% in the second quarter. Aviance Capital Partners LLC now owns 13,785 shares of the insurance provider’s stock valued at $1,606,000 after buying an additional 176 shares in the last quarter. Schroder Investment Management Group boosted its stake in American National Insurance by 152.6% in the second quarter. Schroder Investment Management Group now owns 50,157 shares of the insurance provider’s stock valued at $5,848,000 after buying an additional 30,300 shares during the period. Swiss National Bank boosted its stake in American National Insurance by 69.6% in the second quarter. Swiss National Bank now owns 22,413 shares of the insurance provider’s stock valued at $2,611,000 after buying an additional 9,200 shares during the period. Pacer Advisors Inc. boosted its stake in American National Insurance by 3.9% in the second quarter. Pacer Advisors Inc. now owns 3,136 shares of the insurance provider’s stock valued at $365,000 after buying an additional 118 shares during the period. Finally, Parallel Advisors LLC boosted its stake in American National Insurance by 10.2% in the second quarter. Parallel Advisors LLC now owns 3,074 shares of the insurance provider’s stock valued at $366,000 after buying an additional 284 shares during the period. 66.64% of the stock is owned by institutional investors.

About American National Insurance

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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