Donald Smith & CO. Inc. trimmed its position in shares of American National Insurance (NASDAQ:ANAT) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 933,337 shares of the insurance provider’s stock after selling 84,059 shares during the period. American National Insurance makes up about 2.7% of Donald Smith & CO. Inc.’s holdings, making the stock its 12th largest holding. Donald Smith & CO. Inc. owned about 3.47% of American National Insurance worth $110,208,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Federated Investors Inc. PA acquired a new position in American National Insurance during the second quarter worth $107,000. SG Americas Securities LLC purchased a new stake in shares of American National Insurance during the second quarter worth $124,000. PNC Financial Services Group Inc. increased its position in shares of American National Insurance by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,205 shares of the insurance provider’s stock worth $140,000 after acquiring an additional 11 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of American National Insurance during the third quarter worth $233,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of American National Insurance during the second quarter worth $291,000. Institutional investors own 65.13% of the company’s stock.
Shares of American National Insurance (NASDAQ ANAT) opened at $124.42 on Friday. American National Insurance has a 12-month low of $110.43 and a 12-month high of $131.99. The firm has a market capitalization of $3,334.17, a price-to-earnings ratio of 24.13 and a beta of 1.37.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, November 30th. American National Insurance’s dividend payout ratio is currently 42.32%.
Separately, BidaskClub lowered American National Insurance from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.
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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