Glacier Peak Capital LLC Boosts Stake in American National Insurance (ANAT)

Glacier Peak Capital LLC lifted its stake in American National Insurance (NASDAQ:ANAT) by 14.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,905 shares of the insurance provider’s stock after acquiring an additional 4,905 shares during the quarter. American National Insurance makes up 2.8% of Glacier Peak Capital LLC’s portfolio, making the stock its 13th biggest holding. Glacier Peak Capital LLC’s holdings in American National Insurance were worth $4,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss National Bank grew its position in shares of American National Insurance by 4.5% in the fourth quarter. Swiss National Bank now owns 23,413 shares of the insurance provider’s stock valued at $3,003,000 after purchasing an additional 1,000 shares during the last quarter. Teacher Retirement System of Texas bought a new position in American National Insurance during the fourth quarter worth about $596,000. AXA bought a new position in American National Insurance during the fourth quarter worth about $886,000. BlackRock Inc. raised its stake in shares of American National Insurance by 1.0% in the fourth quarter. BlackRock Inc. now owns 322,639 shares of the insurance provider’s stock valued at $41,378,000 after acquiring an additional 3,146 shares during the last quarter. Finally, AMP Capital Investors Ltd bought a new position in shares of American National Insurance in the fourth quarter valued at approximately $205,000. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of American National Insurance traded up $0.29, reaching $119.89, during trading on Thursday, Marketbeat Ratings reports. The stock had a trading volume of 402 shares, compared to its average volume of 52,910. American National Insurance has a 52 week low of $110.43 and a 52 week high of $134.03. The stock has a market capitalization of $3.26 billion, a P/E ratio of 17.27 and a beta of 1.15.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, May 30th.

A number of research firms have recently issued reports on ANAT. ValuEngine upgraded shares of American National Insurance from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. BidaskClub cut shares of American National Insurance from a “hold” rating to a “sell” rating in a research note on Thursday, May 31st.

In related news, Director Arthur Oleen Dummer purchased 537 shares of the stock in a transaction that occurred on Friday, May 18th. The stock was acquired at an average price of $121.44 per share, with a total value of $65,213.28. Following the completion of the acquisition, the director now directly owns 6,324 shares in the company, valued at approximately $767,986.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider E Douglas Mcleod purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, May 30th. The stock was bought at an average cost of $119.01 per share, with a total value of $119,010.00. Following the acquisition, the insider now owns 20,750 shares of the company’s stock, valued at $2,469,457.50. The disclosure for this purchase can be found here. Insiders bought 1,877 shares of company stock valued at $224,724 in the last quarter. 23.52% of the stock is currently owned by corporate insiders.

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

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