Legal & General Group Plc Boosts Stake in American National Insurance Company (ANAT)

Legal & General Group Plc increased its holdings in American National Insurance Company (NASDAQ:ANAT) by 31.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,913 shares of the insurance provider’s stock after buying an additional 692 shares during the period. Legal & General Group Plc’s holdings in American National Insurance were worth $339,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ANAT. Aviance Capital Partners LLC boosted its stake 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 valued at $1,606,000 after purchasing an additional 176 shares during the period. SG Americas Securities LLC bought a new stake in shares of American National Insurance during the 2nd quarter worth about $124,000. Sei Investments Co. raised its position in shares of 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 buying an additional 2,114 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of American National Insurance by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 66,142 shares of the insurance provider’s stock worth $7,706,000 after buying an additional 2,971 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of 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 buying an additional 4,944 shares in the last quarter. 65.23% of the stock is owned by institutional investors and hedge funds.

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American National Insurance Company (ANAT) opened at 119.30 on Monday. The stock has a market capitalization of $3.20 billion, a P/E ratio of 16.52 and a beta of 1.34. The stock has a 50 day moving average of $116.81 and a 200 day moving average of $116.90. American National Insurance Company has a 52-week low of $110.43 and a 52-week high of $131.99.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.82 per share. The ex-dividend date was Wednesday, August 30th. This represents a $3.28 annualized dividend and a yield of 2.75%. American National Insurance’s dividend payout ratio (DPR) is currently 45.37%.

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

American National Insurance Company Profile

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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