Citadel Advisors LLC Takes Position in American National Insurance (NASDAQ:ANAT)

Citadel Advisors LLC bought a new position in shares of American National Insurance (NASDAQ:ANAT) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,168 shares of the insurance provider’s stock, valued at approximately $371,000.

Several other large investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in shares of American National Insurance by 7.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 63,747 shares of the insurance provider’s stock worth $8,176,000 after acquiring an additional 4,641 shares during the period. US Bancorp DE raised its holdings in shares of American National Insurance by 116.2% during the 4th quarter. US Bancorp DE now owns 2,121 shares of the insurance provider’s stock valued at $272,000 after buying an additional 1,140 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of American National Insurance during the 4th quarter valued at about $596,000. Swiss National Bank raised its holdings in shares of American National Insurance by 4.5% during the 4th quarter. Swiss National Bank now owns 23,413 shares of the insurance provider’s stock valued at $3,003,000 after buying an additional 1,000 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of American National Insurance by 17.8% during the 4th quarter. Wells Fargo & Company MN now owns 59,646 shares of the insurance provider’s stock valued at $7,650,000 after buying an additional 8,993 shares in the last quarter. 64.85% of the stock is currently owned by institutional investors.

ANAT has been the topic of a number of recent analyst reports. ValuEngine upgraded American National Insurance from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. BidaskClub cut American National Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, May 31st.

NASDAQ:ANAT opened at $119.59 on Friday. American National Insurance has a 12 month low of $110.43 and a 12 month high of $134.03. The stock has a market capitalization of $3.18 billion, a P/E ratio of 16.84 and a beta of 1.15.

American National Insurance (NASDAQ:ANAT) last announced its earnings results on Tuesday, April 24th. The insurance provider reported $1.63 earnings per share (EPS) for the quarter. The business had revenue of $803.38 million for the quarter. American National Insurance had a return on equity of 3.76% and a net margin of 13.76%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were paid a dividend of $0.82 per share. The ex-dividend date was Wednesday, May 30th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.74%.

In other news, Director Arthur Oleen Dummer acquired 537 shares of the stock in a transaction that occurred on Friday, May 18th. The shares were bought at an average cost of $121.44 per share, for a total transaction of $65,213.28. Following the acquisition, the director now owns 6,324 shares in the company, valued at approximately $767,986.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider E Douglas Mcleod purchased 1,000 shares of American National Insurance stock in a transaction dated Wednesday, May 30th. The shares were purchased at an average cost of $119.01 per share, for a total transaction of $119,010.00. Following the transaction, the insider now owns 20,750 shares in the company, valued at approximately $2,469,457.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,877 shares of company stock valued at $224,724 in the last quarter. Company insiders own 23.52% 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.

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

Receive News & Ratings for American National Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National Insurance and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply