American National Insurance Co. TX Has $3,570,000 Position in Agrium Inc. (AGU)

American National Insurance Co. TX maintained its stake in shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,450 shares of the basic materials company’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in Agrium were worth $3,570,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AGU. Point72 Asset Management L.P. bought a new stake in shares of Agrium during the first quarter valued at approximately $11,886,000. Van ECK Associates Corp raised its stake in shares of Agrium by 15.0% in the first quarter. Van ECK Associates Corp now owns 1,438,954 shares of the basic materials company’s stock valued at $137,492,000 after buying an additional 188,199 shares during the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of Agrium by 28.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 93,200 shares of the basic materials company’s stock valued at $8,870,000 after buying an additional 20,800 shares during the last quarter. Dodge & Cox bought a new stake in shares of Agrium during the fourth quarter valued at approximately $445,660,000. Finally, CORDA Investment Management LLC. bought a new stake in shares of Agrium during the first quarter valued at approximately $14,792,000. Institutional investors own 69.14% of the company’s stock.

Agrium Inc. (NYSE:AGU) opened at 98.65 on Wednesday. The firm has a market cap of $13.63 billion, a P/E ratio of 23.51 and a beta of 0.60. The company has a 50-day moving average of $93.24 and a 200 day moving average of $96.38. Agrium Inc. has a 52 week low of $87.75 and a 52 week high of $111.88.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Friday, June 30th will be given a $0.875 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.56%. Agrium’s dividend payout ratio (DPR) is 83.14%.

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Several equities research analysts have commented on AGU shares. AltaCorp Capital restated a “sector perform” rating on shares of Agrium in a research report on Thursday, June 22nd. Vertical Research upgraded shares of Agrium from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Royal Bank Of Canada restated a “buy” rating and set a $110.00 target price on shares of Agrium in a research report on Thursday, June 29th. Credit Suisse Group restated a “hold” rating and set a $91.00 target price on shares of Agrium in a research report on Friday, April 21st. Finally, Scotiabank upgraded shares of Agrium from a “sector perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Agrium currently has a consensus rating of “Hold” and a consensus target price of $103.71.

Agrium Company Profile

Agrium Inc is a retailer of agricultural products and services in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. The Company’s segments include Retail and Wholesale. As of December 31, 2016, its Retail business unit marketed crop nutrients, crop protection products, seed, merchandise, application and other agronomic services through 1,500 retail locations in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

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