American National Insurance (NASDAQ:ANAT) Short Interest Update

American National Insurance (NASDAQ:ANAT) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 86,900 shares, a growth of 41.8% from the May 30th total of 61,300 shares. Based on an average daily trading volume, of 56,800 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.5% of the shares of the company are sold short.

Shares of American National Insurance stock opened at $122.50 on Friday. American National Insurance has a fifty-two week low of $111.21 and a fifty-two week high of $155.24. The firm has a fifty day moving average of $116.45. The company has a market cap of $3.27 billion, a P/E ratio of 14.22 and a beta of 0.69.

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

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Thursday, June 6th.

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

A number of institutional investors have recently modified their holdings of ANAT. Cullen Frost Bankers Inc. bought a new stake in American National Insurance in the 1st quarter valued at $30,000. Enterprise Financial Services Corp boosted its holdings in American National Insurance by 90.6% in the 1st quarter. Enterprise Financial Services Corp now owns 324 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 154 shares during the period. Acadian Asset Management LLC bought a new stake in American National Insurance in the 4th quarter valued at $73,000. Twin Tree Management LP bought a new stake in American National Insurance in the 1st quarter valued at $152,000. Finally, Omnia Family Wealth LLC boosted its holdings in American National Insurance by 115.4% in the 4th quarter. Omnia Family Wealth LLC now owns 1,247 shares of the insurance provider’s stock valued at $159,000 after purchasing an additional 668 shares during the period. 63.02% of the stock is owned by hedge funds and other institutional investors.

About American National Insurance

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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