American National Ins (NASDAQ:ANAT) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of American National Ins (NASDAQ:ANAT) from a sell rating to a hold rating in a report issued on Tuesday, April 10th.

Separately, ValuEngine cut shares of American National Ins from a buy rating to a hold rating in a report on Monday, April 2nd.

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NASDAQ:ANAT opened at $122.14 on Tuesday. The firm has a market capitalization of $3,294.56, a price-to-earnings ratio of 18.99 and a beta of 1.19. American National Ins has a 52 week low of $110.43 and a 52 week high of $134.03.

American National Ins (NASDAQ:ANAT) last issued its earnings results on Tuesday, February 20th. The insurance provider reported $3.03 EPS for the quarter. American National Ins had a net margin of 14.47% and a return on equity of 3.53%. The firm had revenue of $924.36 million during the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of ANAT. State of Alaska Department of Revenue purchased a new position in American National Ins during the fourth quarter worth about $102,000. AMP Capital Investors Ltd acquired a new position in American National Ins during the fourth quarter worth about $205,000. Citadel Advisors LLC acquired a new position in American National Ins during the third quarter worth about $213,000. Great West Life Assurance Co. Can grew its position in American National Ins 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 buying an additional 724 shares during the period. Finally, Xact Kapitalforvaltning AB acquired a new position in American National Ins during the fourth quarter worth about $254,000. 66.22% of the stock is owned by hedge funds and other institutional investors.

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About American National Ins

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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