State Board of Administration of Florida Retirement System Decreases Stake in American National Group, Inc. (NASDAQ:ANAT)

State Board of Administration of Florida Retirement System reduced its stake in American National Group, Inc. (NASDAQ:ANAT) by 10.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 11,785 shares of the insurance provider’s stock after selling 1,430 shares during the period. State Board of Administration of Florida Retirement System’s holdings in American National Group were worth $1,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in ANAT. Norges Bank purchased a new position in shares of American National Group in the 4th quarter valued at approximately $15,442,000. RK Asset Management LLC purchased a new position in American National Group during the 1st quarter worth approximately $10,143,000. Victory Capital Management Inc. raised its position in American National Group by 273.4% during the 1st quarter. Victory Capital Management Inc. now owns 69,146 shares of the insurance provider’s stock worth $7,459,000 after buying an additional 50,629 shares during the last quarter. BlackRock Inc. raised its position in American National Group by 13.2% during the 1st quarter. BlackRock Inc. now owns 407,412 shares of the insurance provider’s stock worth $43,948,000 after buying an additional 47,388 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in American National Group by 36.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 103,016 shares of the insurance provider’s stock worth $9,902,000 after buying an additional 27,473 shares during the last quarter. 61.49% of the stock is owned by hedge funds and other institutional investors.

ANAT opened at $150.39 on Friday. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 19.97 and a beta of 0.79. American National Group, Inc. has a 12-month low of $66.04 and a 12-month high of $157.99. The stock’s 50 day simple moving average is $129.82.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 18th. Stockholders of record on Friday, June 4th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.18%.

American National Group Profile

American National Group, Inc provides life insurance, annuities, property and casualty insurance, health insurance, credit insurance, and pension products in the United States, the District of Columbia, and Puerto Rico. It offers whole life, term life, universal life, variable universal life, and credit life insurance products.

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

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