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

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

American National Insurance stock opened at $114.81 on Friday. American National Insurance has a fifty-two week low of $111.21 and a fifty-two week high of $155.24. The stock has a market capitalization of $3.18 billion, a PE ratio of 13.25 and a beta of 0.68. The stock’s 50-day moving average price is $119.74.

Institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. purchased a new position in American National Insurance during the first quarter worth about $30,000. Enterprise Financial Services Corp boosted its holdings in American National Insurance by 90.6% during the first quarter. Enterprise Financial Services Corp now owns 324 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 154 shares during the last quarter. New York State Teachers Retirement System purchased a new position in American National Insurance during the second quarter worth about $82,000. Quantamental Technologies LLC purchased a new position in American National Insurance during the second quarter worth about $93,000. Finally, Twin Tree Management LP purchased a new position in American National Insurance during the first quarter worth about $152,000. Institutional investors and hedge funds own 63.38% of the company’s stock.

American National Insurance Company 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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