First Trust Advisors LP Sells 290 Shares of American National Insurance Company (ANAT)

First Trust Advisors LP reduced its stake in shares of American National Insurance Company (NASDAQ:ANAT) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,225 shares of the insurance provider’s stock after selling 290 shares during the quarter. First Trust Advisors LP owned 0.06% of American National Insurance worth $1,890,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Sei Investments Co. raised its position in American National Insurance by 1.8% during the second quarter. Sei Investments Co. now owns 118,768 shares of the insurance provider’s stock valued at $13,835,000 after acquiring an additional 2,114 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in American National Insurance by 20.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 53,687 shares of the insurance provider’s stock valued at $6,254,000 after acquiring an additional 9,284 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its position in American National Insurance by 1.3% during the second quarter. Aviance Capital Partners LLC now owns 13,785 shares of the insurance provider’s stock valued at $1,606,000 after acquiring an additional 176 shares in the last quarter. Institutional investors own 65.23% of the company’s stock.

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

American National Insurance Company (NASDAQ ANAT) opened at 115.82 on Wednesday. The company’s 50-day moving average price is $118.02 and its 200 day moving average price is $117.08. American National Insurance Company has a 12 month low of $110.43 and a 12 month high of $131.99. The stock has a market capitalization of $3.11 billion, a PE ratio of 16.04 and a beta of 1.34.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.82 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.28 dividend on an annualized basis and a yield of 2.83%. American National Insurance’s payout ratio is 45.37%.

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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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