American National Insurance (ANAT) Position Boosted by Glacier Peak Capital LLC

Glacier Peak Capital LLC increased its holdings in American National Insurance (NASDAQ:ANAT) by 14.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,905 shares of the insurance provider’s stock after buying an additional 4,905 shares during the quarter. American National Insurance comprises 2.8% of Glacier Peak Capital LLC’s portfolio, making the stock its 13th largest holding. Glacier Peak Capital LLC owned about 0.15% of American National Insurance worth $4,667,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Schroder Investment Management Group boosted its stake in American National Insurance by 92.2% during the 1st quarter. Schroder Investment Management Group now owns 97,738 shares of the insurance provider’s stock valued at $11,431,000 after purchasing an additional 46,881 shares in the last quarter. Aperio Group LLC lifted its position in shares of American National Insurance by 15.1% during the 1st quarter. Aperio Group LLC now owns 247,405 shares of the insurance provider’s stock valued at $28,936,000 after acquiring an additional 32,366 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American National Insurance by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 559,863 shares of the insurance provider’s stock valued at $65,482,000 after acquiring an additional 30,628 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of American National Insurance by 43.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 91,550 shares of the insurance provider’s stock valued at $10,708,000 after acquiring an additional 27,803 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of American National Insurance by 7.7% during the 1st quarter. BlackRock Inc. now owns 347,522 shares of the insurance provider’s stock valued at $40,644,000 after acquiring an additional 24,883 shares during the last quarter. 64.86% of the stock is owned by institutional investors and hedge funds.

In related news, insider E Douglas Mcleod purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, May 30th. The shares were acquired at an average cost of $119.01 per share, with a total value of $119,010.00. Following the completion of the purchase, the insider now owns 20,750 shares of the company’s stock, valued at approximately $2,469,457.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur Oleen Dummer purchased 537 shares of the company’s stock in a transaction dated Friday, May 18th. The stock was bought at an average cost of $121.44 per share, for a total transaction of $65,213.28. Following the completion of the purchase, the director now directly owns 6,324 shares of the company’s stock, valued at approximately $767,986.56. The disclosure for this purchase can be found here. Insiders bought 1,877 shares of company stock valued at $224,724 in the last 90 days. Corporate insiders own 23.52% of the company’s stock.



Shares of ANAT traded up $0.29 during mid-day trading on Thursday, reaching $119.89. The company’s stock had a trading volume of 402 shares, compared to its average volume of 52,910. The firm has a market capitalization of $3.26 billion, a P/E ratio of 17.27 and a beta of 1.15. American National Insurance has a 1 year low of $110.43 and a 1 year high of $134.03.

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

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

A number of analysts have recently issued reports on the company. BidaskClub upgraded American National Insurance from a “strong sell” rating to a “sell” rating in a report on Friday, March 23rd. ValuEngine lowered American National Insurance from a “buy” rating to a “hold” rating in a report on Monday, April 2nd.

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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