American National Insurance (ANAT) Holdings Raised by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. boosted its position in shares of American National Insurance (NASDAQ:ANAT) by 10.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,106 shares of the insurance provider’s stock after acquiring an additional 5,419 shares during the period. Schwab Charles Investment Management Inc. owned 0.22% of American National Insurance worth $6,980,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its stake in American National Insurance by 16.0% during the 3rd 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. Citadel Advisors LLC bought a new stake in American National Insurance during the 3rd quarter worth approximately $213,000. Great West Life Assurance Co. Can raised its stake in American National Insurance by 65.8% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,824 shares of the insurance provider’s stock worth $214,000 after acquiring an additional 724 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in American National Insurance during the 3rd quarter worth approximately $233,000. Finally, Bank of New York Mellon Corp raised its stake in American National Insurance by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 67,692 shares of the insurance provider’s stock worth $7,993,000 after acquiring an additional 1,550 shares during the period. Institutional investors own 65.13% of the company’s stock.
Separately, BidaskClub upgraded shares of American National Insurance from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st.
Shares of American National Insurance (NASDAQ ANAT) opened at $127.63 on Friday. American National Insurance has a one year low of $110.43 and a one year high of $134.03. The company has a market cap of $3,478.52, a P/E ratio of 16.47 and a beta of 1.36.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, November 30th. American National Insurance’s payout ratio is 42.32%.
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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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