Ameriprise Financial Inc. Has $390,000 Stake in American National Insurance Company (ANAT)

Ameriprise Financial Inc. lessened its position in American National Insurance Company (NASDAQ:ANAT) by 80.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,345 shares of the insurance provider’s stock after selling 13,880 shares during the period. Ameriprise Financial Inc.’s holdings in American National Insurance were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Sei Investments Co. lifted 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 purchasing an additional 2,114 shares during the period. Bank of New York Mellon Corp lifted its position in American National Insurance by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 66,142 shares of the insurance provider’s stock valued at $7,706,000 after purchasing an additional 2,971 shares during the period. Schwab Charles Investment Management Inc. lifted 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 purchasing an additional 9,284 shares during the period. Schroder Investment Management Group lifted its position in American National Insurance by 152.6% during the second quarter. Schroder Investment Management Group now owns 50,157 shares of the insurance provider’s stock valued at $5,848,000 after purchasing an additional 30,300 shares during the period. Finally, Glacier Peak Capital LLC lifted its position in American National Insurance by 5.3% during the second quarter. Glacier Peak Capital LLC now owns 25,702 shares of the insurance provider’s stock valued at $2,994,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 65.26% of the company’s stock.

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American National Insurance Company (NASDAQ ANAT) opened at $121.90 on Wednesday. The firm has a market cap of $3,243.68, a P/E ratio of 23.48 and a beta of 1.38. American National Insurance Company has a 52-week low of $110.43 and a 52-week high of $131.99.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.82 per share. The ex-dividend date is Thursday, November 30th. This represents a $3.28 dividend on an annualized basis and a yield of 2.69%. American National Insurance’s dividend payout ratio (DPR) is 42.32%.

Separately, BidaskClub upgraded shares of American National Insurance from a “sell” rating to a “hold” rating in a research report on Monday, July 24th.

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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