Donald Smith Lowers stake in American National Insurance Company (ANAT)

American National Insurance Company (ANAT) : Donald Smith reduced its stake in American National Insurance Company by 31.24% during the most recent quarter end. The investment management company now holds a total of 937,348 shares of American National Insurance Company which is valued at $109,857,186 after selling 425,809 shares in American National Insurance Company , the firm said in a disclosure report filed with the SEC on May 3, 2016.American National Insurance Company makes up approximately 2.87% of Donald Smith’s portfolio.

Other Hedge Funds, Including , Bluecrest Capital Management Ltd added ANAT to its portfolio by purchasing 27,124 company shares during the most recent quarter which is valued at $3,178,933. American National Insurance Company makes up approx 0.28% of Bluecrest Capital Management Ltd’s portfolio.Rhumbline Advisers boosted its stake in ANAT in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 6,452 shares of American National Insurance Company which is valued at $756,174.Russell Frank Co reduced its stake in ANAT by selling 6,798 shares or 30.2% in the most recent quarter. The Hedge Fund company now holds 15,710 shares of ANAT which is valued at $1,824,245.First Manhattan Co boosted its stake in ANAT in the latest quarter, The investment management firm added 6,680 additional shares and now holds a total of 136,613 shares of American National Insurance Company which is valued at $15,770,605. American National Insurance Company makes up approx 0.10% of First Manhattan Co’s portfolio.

American National Insurance Company opened for trading at $117.45 and hit $118.47 on the upside on Tuesday, eventually ending the session at $118.03, with a gain of 0.81% or 0.95 points. The heightened volatility saw the trading volume jump to 16,724 shares. Company has a market cap of $3,177 M.

American National Insurance Company is engaged in life insurance annuities and property and casualty insurance. The Company offers limited health insurance. The Company’s family of companies includes six life insurance companies eight property and casualty insurance companies and numerous non-insurance subsidiaries. The Company operates through the following business segments: Life Annuity Health Property and Casualty and Corporate and Other. The Company’s Life segment products include whole life term life universal life variable universal life and Credit life insurance. The Company’s Annuity segment products include deferred annuity single premium immediate annuity and variable annuity. The Company’s Health segment products include Medicare Supplement Supplemental Insurance StopLoss Credit Disability and Medical Expense. The Company’s Property and Casualty segment products include personal lines commercial lines and Credit-Related Property Insurance Products.

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