American National Insurance (NASDAQ:ANAT) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of American National Insurance (NASDAQ:ANAT) from a hold rating to a buy rating in a report released on Thursday morning, BidAskClub reports.

Shares of NASDAQ:ANAT traded up $0.57 during trading on Thursday, hitting $123.15. 3,463 shares of the company were exchanged, compared to its average volume of 34,451. The stock has a market capitalization of $3.28 billion, a P/E ratio of 13.46 and a beta of 0.69. American National Insurance has a 12-month low of $111.01 and a 12-month high of $155.24. The firm’s 50 day moving average price is $116.56 and its 200-day moving average price is $120.77.

American National Insurance (NASDAQ:ANAT) last issued its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $1.47 earnings per share for the quarter. The business had revenue of $956.68 million during the quarter. American National Insurance had a net margin of 11.31% and a return on equity of 4.36%.



The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.82 per share. The ex-dividend date is Monday, September 9th. This represents a $3.28 annualized dividend and a dividend yield of 2.66%.

Several large investors have recently modified their holdings of ANAT. Stonebridge Capital Advisors LLC purchased a new stake in American National Insurance in the 2nd quarter valued at $29,000. New York State Teachers Retirement System acquired a new position in shares of American National Insurance during the 2nd quarter worth $82,000. Quantamental Technologies LLC acquired a new position in shares of American National Insurance during the 2nd quarter worth $93,000. Twin Tree Management LP acquired a new position in shares of American National Insurance during the 1st quarter worth $152,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of American National Insurance by 26.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,493 shares of the insurance provider’s stock worth $173,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 62.91% of the company’s stock.

American National Insurance Company 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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