US Bancorp DE lifted its holdings in American National Insurance (NASDAQ:ANAT) by 41.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,357 shares of the insurance provider’s stock after acquiring an additional 689 shares during the period. US Bancorp DE’s holdings in American National Insurance were worth $282,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Sei Investments Co. grew its stake in shares of American National Insurance by 5.6% in the second quarter. Sei Investments Co. now owns 12,520 shares of the insurance provider’s stock valued at $1,498,000 after acquiring an additional 668 shares in the last quarter. Glen Harbor Capital Management LLC grew its stake in shares of American National Insurance by 437.5% in the first quarter. Glen Harbor Capital Management LLC now owns 946 shares of the insurance provider’s stock valued at $111,000 after acquiring an additional 770 shares in the last quarter. Northern Trust Corp grew its stake in shares of American National Insurance by 0.9% in the first quarter. Northern Trust Corp now owns 97,540 shares of the insurance provider’s stock valued at $11,409,000 after acquiring an additional 915 shares in the last quarter. Barclays PLC grew its stake in shares of American National Insurance by 69.8% in the first quarter. Barclays PLC now owns 3,184 shares of the insurance provider’s stock valued at $373,000 after acquiring an additional 1,309 shares in the last quarter. Finally, IndexIQ Advisors LLC grew its stake in shares of American National Insurance by 7.8% in the second quarter. IndexIQ Advisors LLC now owns 18,702 shares of the insurance provider’s stock valued at $2,237,000 after acquiring an additional 1,346 shares in the last quarter. Institutional investors and hedge funds own 66.43% of the company’s stock.

ANAT stock opened at $129.49 on Monday. American National Insurance has a 52 week low of $112.89 and a 52 week high of $134.03. The stock has a market capitalization of $3.40 billion, a P/E ratio of 17.21 and a beta of 1.08.

American National Insurance (NASDAQ:ANAT) last posted its quarterly earnings data on Tuesday, July 24th. The insurance provider reported $1.11 earnings per share for the quarter. American National Insurance had a net margin of 14.66% and a return on equity of 3.84%. The business had revenue of $952.07 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be given a dividend of $0.82 per share. The ex-dividend date is Thursday, September 6th. This represents a $3.28 annualized dividend and a yield of 2.53%.

Separately, BidaskClub downgraded shares of American National Insurance from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 18th.

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.

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

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