November 10, 2019 at 2:54 pm

Mackay Shields LLC Has $4.59 Million Stock Holdings in American National Insurance (NASDAQ:ANAT)

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Mackay Shields LLC raised its stake in American National Insurance (NASDAQ:ANAT) by 131.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 37,092 shares of the insurance provider’s stock after purchasing an additional 21,092 shares during the quarter. Mackay Shields LLC’s holdings in American National Insurance were worth $4,589,000 as of its most recent SEC filing.

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Other institutional investors also recently added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC acquired a new position in shares of American National Insurance during the 2nd quarter worth $29,000. Swiss National Bank increased its stake in shares of American National Insurance by 2.0% during the 2nd quarter. Swiss National Bank now owns 15,013 shares of the insurance provider’s stock worth $1,749,000 after purchasing an additional 300 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of American National Insurance by 26.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,493 shares of the insurance provider’s stock worth $173,000 after purchasing an additional 313 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of American National Insurance by 800.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 387 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 344 shares during the last quarter. Finally, Hancock Whitney Corp increased its stake in shares of American National Insurance by 0.8% during the 2nd quarter. Hancock Whitney Corp now owns 48,076 shares of the insurance provider’s stock worth $5,599,000 after purchasing an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 62.83% of the company’s stock.

Separately, BidaskClub lowered shares of American National Insurance from a “buy” rating to a “hold” rating in a research note on Friday, October 4th.

NASDAQ:ANAT traded up $0.79 during midday trading on Friday, reaching $119.79. The stock had a trading volume of 15,600 shares, compared to its average volume of 42,716. The firm’s fifty day simple moving average is $119.16 and its 200-day simple moving average is $117.55. The stock has a market capitalization of $3.19 billion, a P/E ratio of 13.31 and a beta of 0.70. American National Insurance has a 1-year low of $111.01 and a 1-year high of $155.24.

American National Insurance 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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Want to see what other hedge funds are holding ANAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American National Insurance (NASDAQ:ANAT).

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

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