American National Insurance (NASDAQ:ANAT) Lowered to Hold at BidaskClub

BidaskClub cut shares of American National Insurance (NASDAQ:ANAT) from a buy rating to a hold rating in a research report report published on Friday morning, BidAskClub reports.

Shares of ANAT stock traded down $2.40 on Friday, hitting $115.80. The stock had a trading volume of 44,456 shares, compared to its average volume of 45,789. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 12.89 and a beta of 0.68. The business has a 50 day simple moving average of $119.63. American National Insurance has a 52-week low of $111.21 and a 52-week high of $155.24.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Moody National Bank Trust Division boosted its stake in American National Insurance by 0.3% during the 2nd quarter. Moody National Bank Trust Division now owns 11,311,614 shares of the insurance provider’s stock valued at $1,317,464,000 after acquiring an additional 30,440 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in American National Insurance by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 657,823 shares of the insurance provider’s stock valued at $83,700,000 after acquiring an additional 28,601 shares during the last quarter. LSV Asset Management boosted its stake in American National Insurance by 40.2% during the 1st quarter. LSV Asset Management now owns 250,163 shares of the insurance provider’s stock valued at $30,224,000 after acquiring an additional 71,768 shares during the last quarter. Norges Bank bought a new position in American National Insurance during the 4th quarter valued at $30,037,000. Finally, Geode Capital Management LLC boosted its stake in American National Insurance by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 112,117 shares of the insurance provider’s stock valued at $14,265,000 after acquiring an additional 1,566 shares during the last quarter. Hedge funds and other institutional investors own 63.38% of the company’s stock.

About American National Insurance

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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