Teacher Retirement System of Texas bought a new stake in American National Insurance (NASDAQ:ANAT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,644 shares of the insurance provider’s stock, valued at approximately $596,000.
A number of other hedge funds also recently made changes to their positions in the business. State Street Corp raised its stake in American National Insurance by 5.5% in the second quarter. State Street Corp now owns 130,145 shares of the insurance provider’s stock valued at $15,161,000 after purchasing an additional 6,782 shares in the last quarter. New York State Common Retirement Fund raised its stake in American National Insurance by 38.0% during the third quarter. New York State Common Retirement Fund now owns 52,799 shares of the insurance provider’s stock worth $6,235,000 after acquiring an additional 14,543 shares in the last quarter. Bank of New York Mellon Corp raised its stake in American National Insurance by 2.3% during the third 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 in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of American National Insurance during the third quarter worth about $233,000. Finally, Great West Life Assurance Co. Can grew its holdings in shares of American National Insurance by 65.8% during the third quarter. Great West Life Assurance Co. Can now owns 1,824 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 724 shares during the last quarter. Hedge funds and other institutional investors own 66.08% of the company’s stock.
Several brokerages recently commented on ANAT. BidaskClub upgraded American National Insurance from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. ValuEngine raised American National Insurance from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Monday, March 5th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.83%. American National Insurance’s dividend payout ratio is 17.91%.
About American National Insurance
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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