American National Insurance (NASDAQ:ANAT) Short Interest Update

American National Insurance (NASDAQ:ANAT) saw a large increase in short interest in June. As of June 30th, there was short interest totalling 86,900 shares, an increase of 41.8% from the May 30th total of 61,300 shares. Based on an average daily volume of 56,800 shares, the short-interest ratio is presently 1.5 days. Currently, 0.5% of the company’s stock are sold short.

Separately, BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd.

Shares of ANAT opened at $121.71 on Friday. American National Insurance has a 12-month low of $111.21 and a 12-month high of $155.24. The stock has a fifty day moving average price of $116.34. The company has a market cap of $3.33 billion, a PE ratio of 14.49 and a beta of 0.69.

American National Insurance (NASDAQ:ANAT) last issued its earnings results on Friday, May 3rd. The insurance provider reported $2.21 earnings per share (EPS) for the quarter. American National Insurance had a return on equity of 4.29% and a net margin of 10.92%.

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Thursday, June 6th.

Several institutional investors and hedge funds have recently modified their holdings of ANAT. Acadian Asset Management LLC bought a new position in American National Insurance in the 4th quarter worth about $73,000. BlackRock Inc. grew its position in American National Insurance by 0.5% in the 4th quarter. BlackRock Inc. now owns 425,695 shares of the insurance provider’s stock worth $54,166,000 after purchasing an additional 2,077 shares during the last quarter. Northern Trust Corp grew its position in American National Insurance by 1.4% in the 4th quarter. Northern Trust Corp now owns 190,234 shares of the insurance provider’s stock worth $24,207,000 after purchasing an additional 2,534 shares during the last quarter. United Services Automobile Association grew its position in American National Insurance by 13.6% in the 4th quarter. United Services Automobile Association now owns 4,825 shares of the insurance provider’s stock worth $614,000 after purchasing an additional 577 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in American National Insurance by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 657,823 shares of the insurance provider’s stock worth $83,700,000 after purchasing an additional 28,601 shares during the last quarter. Institutional investors own 63.02% of the company’s stock.

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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