American National Insurance (ANAT) Downgraded by BidaskClub to “Sell”

BidaskClub lowered shares of American National Insurance (NASDAQ:ANAT) from a hold rating to a sell rating in a report released on Thursday.

American National Insurance (ANAT) traded down $0.95 during trading on Thursday, reaching $128.19. 4,075 shares of the company were exchanged, compared to its average volume of 13,220. American National Insurance has a 12 month low of $110.43 and a 12 month high of $134.03. The stock has a market cap of $3,450.00, a price-to-earnings ratio of 16.54 and a beta of 1.36.

American National Insurance (NASDAQ:ANAT) last issued its earnings results on Monday, October 30th. The insurance provider reported $1.57 EPS for the quarter. American National Insurance had a net margin of 6.28% and a return on equity of 2.89%.

Several large investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in shares of American National Insurance during the fourth quarter worth approximately $102,000. Schwab Charles Investment Management Inc. increased its position in shares of American National Insurance by 7.9% during the fourth 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. RK Asset Management LLC increased its position in shares of American National Insurance by 7,758.0% during the fourth quarter. RK Asset Management LLC now owns 27,503 shares of the insurance provider’s stock worth $3,527,000 after acquiring an additional 27,153 shares during the period. Wells Fargo & Company MN increased its position in shares of American National Insurance by 16.0% during the third quarter. Wells Fargo & Company MN now owns 50,653 shares of the insurance provider’s stock worth $5,981,000 after acquiring an additional 6,987 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of American National Insurance during the third quarter worth approximately $213,000. 65.23% of the stock is currently owned by institutional investors and hedge funds.

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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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