American National Insurance (NASDAQ:ANAT) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.

ANAT stock opened at $123.48 on Tuesday. The company has a market cap of $3.31 billion, a PE ratio of 15.45 and a beta of 0.83. American National Insurance has a one year low of $113.50 and a one year high of $155.24.

Several hedge funds have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc purchased a new stake in shares of American National Insurance during the 4th quarter valued at approximately $547,000. American Century Companies Inc. raised its position in shares of American National Insurance by 0.6% during the 4th quarter. American Century Companies Inc. now owns 16,880 shares of the insurance provider’s stock valued at $2,148,000 after buying an additional 100 shares during the period. Geode Capital Management LLC raised its position in shares of American National Insurance by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 112,117 shares of the insurance provider’s stock valued at $14,265,000 after buying an additional 1,566 shares during the period. Norges Bank purchased a new stake in shares of American National Insurance during the 4th quarter valued at approximately $30,037,000. Finally, FMR LLC raised its position in shares of American National Insurance by 7.7% during the 4th quarter. FMR LLC now owns 144,426 shares of the insurance provider’s stock valued at $18,377,000 after buying an additional 10,282 shares during the period. 63.79% of the stock is currently owned by hedge funds and other institutional investors.

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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