American National Insurance (NASDAQ:ANAT) Short Interest Up 37.7% in July

American National Insurance (NASDAQ:ANAT) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 102,600 shares, a growth of 37.7% from the June 30th total of 74,500 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 46,400 shares, the days-to-cover ratio is currently 2.2 days.

A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of American National Insurance from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. BidaskClub downgraded shares of American National Insurance from a “hold” rating to a “sell” rating in a report on Thursday, June 25th.

Several hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Advisors LP grew its holdings in shares of American National Insurance by 11.1% in the 1st quarter. First Trust Advisors LP now owns 34,726 shares of the insurance provider’s stock worth $4,196,000 after purchasing an additional 3,480 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of American National Insurance by 10.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 28,486 shares of the insurance provider’s stock worth $3,352,000 after buying an additional 2,743 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of American National Insurance by 55.3% during the fourth quarter. Bank of New York Mellon Corp now owns 129,940 shares of the insurance provider’s stock worth $15,291,000 after buying an additional 46,265 shares in the last quarter. Marshall Wace LLP bought a new position in shares of American National Insurance in the fourth quarter valued at approximately $98,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of American National Insurance by 1.9% in the 4th quarter. Alliancebernstein L.P. now owns 5,436 shares of the insurance provider’s stock worth $640,000 after acquiring an additional 100 shares in the last quarter. 0.01% of the stock is owned by institutional investors.

NASDAQ ANAT opened at $73.65 on Friday. American National Insurance has a 1-year low of $63.93 and a 1-year high of $126.97. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 13.98 and a beta of 0.64. The stock’s 50 day moving average is $71.81 and its two-hundred day moving average is $84.27.

American National Insurance (NASDAQ:ANAT) last posted its earnings results on Friday, May 8th. The insurance provider reported $2.40 EPS for the quarter. American National Insurance had a return on equity of 3.40% and a net margin of 4.27%. The business had revenue of $369.69 million during the quarter.

About American National Insurance

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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