SG Americas Securities LLC bought a new position in shares of American National Insurance Company (NASDAQ:ANAT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,065 shares of the insurance provider’s stock, valued at approximately $124,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ANAT. Schwab Charles Investment Management Inc. increased its position in American National Insurance by 20.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 53,687 shares of the insurance provider’s stock worth $6,254,000 after purchasing an additional 9,284 shares in the last quarter. Rhumbline Advisers increased its position in American National Insurance by 47.4% during the 2nd quarter. Rhumbline Advisers now owns 15,376 shares of the insurance provider’s stock worth $1,791,000 after purchasing an additional 4,944 shares in the last quarter. Sei Investments Co. increased its position in American National Insurance by 1.8% during the 2nd quarter. Sei Investments Co. now owns 118,768 shares of the insurance provider’s stock worth $13,835,000 after purchasing an additional 2,114 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its position in American National Insurance by 1.3% during the 2nd quarter. Aviance Capital Partners LLC now owns 13,785 shares of the insurance provider’s stock worth $1,606,000 after purchasing an additional 176 shares in the last quarter. 65.23% of the stock is owned by hedge funds and other institutional investors.

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Separately, BidaskClub downgraded shares of American National Insurance from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

Shares of American National Insurance Company (NASDAQ:ANAT) opened at 116.65 on Tuesday. The firm has a market cap of $3.13 billion, a P/E ratio of 16.16 and a beta of 1.34. American National Insurance Company has a 52-week low of $110.43 and a 52-week high of $131.99. The company’s 50-day moving average is $117.72 and its 200-day moving average is $116.88.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.82 per share. The ex-dividend date was Wednesday, August 30th. This represents a $3.28 dividend on an annualized basis and a yield of 2.79%. American National Insurance’s payout ratio is presently 45.37%.

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

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