Bank of New York Mellon Corp Grows Stake in American National Insurance (ANAT)

Bank of New York Mellon Corp increased its stake in shares of American National Insurance (NASDAQ:ANAT) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,692 shares of the insurance provider’s stock after acquiring an additional 1,550 shares during the period. Bank of New York Mellon Corp owned about 0.25% of American National Insurance worth $7,993,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ANAT. Donald Smith & CO. Inc. grew its holdings in American National Insurance by 3.1% in the second quarter. Donald Smith & CO. Inc. now owns 1,017,396 shares of the insurance provider’s stock valued at $118,516,000 after purchasing an additional 30,335 shares during the period. Schroder Investment Management Group lifted its position in shares of American National Insurance by 152.6% in the second quarter. Schroder Investment Management Group now owns 50,157 shares of the insurance provider’s stock valued at $5,848,000 after acquiring an additional 30,300 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of American National Insurance by 38.0% in the third quarter. New York State Common Retirement Fund now owns 52,799 shares of the insurance provider’s stock valued at $6,235,000 after acquiring an additional 14,543 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of American National Insurance by 20.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 53,687 shares of the insurance provider’s stock valued at $6,254,000 after acquiring an additional 9,284 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of American National Insurance by 69.6% in the second quarter. Swiss National Bank now owns 22,413 shares of the insurance provider’s stock valued at $2,611,000 after acquiring an additional 9,200 shares in the last quarter. 65.13% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub upgraded American National Insurance from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st.

American National Insurance (ANAT) opened at $128.45 on Friday. The firm has a market capitalization of $3,450.00, a P/E ratio of 16.57 and a beta of 1.36. American National Insurance has a 1 year low of $110.43 and a 1 year high of $134.03.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.82 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.28 annualized dividend and a dividend yield of 2.55%. American National Insurance’s dividend payout ratio (DPR) is presently 42.32%.

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American National Insurance 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.

Institutional Ownership by Quarter for American National Insurance (NASDAQ:ANAT)

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