Rk Asset Management Has Lifted Its American National Insurnce Co (ANAT) Position; As Gerdau S A (GGB) Market Value Declined, Shareholder Corecommodity Management Has Decreased Its Holding by $990,904

June 14, 2018 - By Migdalia James

American National Insurance Company (NASDAQ:ANAT) Logo

Corecommodity Management Llc decreased its stake in Gerdau S A (GGB) by 61.98% based on its latest 2018Q1 regulatory filing with the SEC. Corecommodity Management Llc sold 247,726 shares as the company’s stock declined 17.12% with the market. The institutional investor held 151,950 shares of the steel and iron ore company at the end of 2018Q1, valued at $708,000, down from 399,676 at the end of the previous reported quarter. Corecommodity Management Llc who had been investing in Gerdau S A for a number of months, seems to be less bullish one the $5.64B market cap company. The stock decreased 3.86% or $0.15 during the last trading session, reaching $3.74. About 6.24M shares traded. Gerdau S.A. (NYSE:GGB) has risen 51.08% since June 14, 2017 and is uptrending. It has outperformed by 38.51% the S&P500. Some Historical GGB News: 09/05/2018 – MET GERDAU 1Q NET TO CONTROLLING HOLDERS BRL147.0M; 15/03/2018 – UBS Goes Against Grain on Brazil Steelmaker Gerdau’s Trump Bump; 09/05/2018 – Gerdau S.A. – Consolidated Information; 13/03/2018 – GERDAU SA GGBR4.SA : CREDIT SUISSE RAISES TARGET PRICE TO BRL 20 FROM BRL 19; 09/05/2018 – CORRECT: GERDAU 1Q ADJ NET R$451M; 27/03/2018 – S&P REVISES GERDAU S.A. OUTLOOK TO ‘STABLE’ FROM ‘NEGATIVE’; RATING ‘BBB-‘; 30/05/2018 – GERDAU SAYS SALE OF CHILE PLANTS TO BE CONCLUDED IN JULY; 19/04/2018 – GERDAU RAISES PRICE OF CONCRETE REBAR PRODUCTS IN UNITED STATES; 27/03/2018 – S&P REVISES GERDAU AMERISTEEL CORP. OUTLOOK TO ‘STABLE’ FROM ‘NEGATIVE’; RATING ‘BBB-‘; 26/03/2018 – GERDAU GETS BRAZIL REGULATOR APPROVAL TO SELL PLANTS TO KINROSS

Rk Asset Management Llc increased its stake in American National Insurnce Co (ANAT) by 139.74% based on its latest 2018Q1 regulatory filing with the SEC. Rk Asset Management Llc bought 38,434 shares as the company’s stock rose 1.30% while stock markets declined. The institutional investor held 65,937 shares of the life insurance company at the end of 2018Q1, valued at $7.71 million, up from 27,503 at the end of the previous reported quarter. Rk Asset Management Llc who had been investing in American National Insurnce Co for a number of months, seems to be bullish on the $3.22 billion market cap company. The stock increased 0.02% or $0.02 during the last trading session, reaching $119.62. About 31,945 shares traded. American National Insurance Company (NASDAQ:ANAT) has risen 2.85% since June 14, 2017 and is uptrending. It has underperformed by 9.72% the S&P500. Some Historical ANAT News: 24/04/2018 – AMERICAN NATIONAL INS 1Q OPER EPS $1.63; 24/04/2018 – American Natl Insurance 1Q Adj EPS $1.66; 19/03/2018 – Dir Dummer Gifts 225 Of American National Insurance; 24/04/2018 – AMERICAN NATIONAL INS 1Q BOOK VALUE/SHR $194.37

Corecommodity Management Llc, which manages about $5.19B and $132.43M US Long portfolio, upped its stake in Iamgold Corp (NYSE:IAG) by 102,596 shares to 123,908 shares, valued at $643,000 in 2018Q1, according to the filing. It also increased its holding in Imperial Oil Ltd (NYSEMKT:IMO) by 11,900 shares in the quarter, for a total of 13,746 shares, and has risen its stake in Archer Daniels Midland Co (NYSE:ADM).

Among 7 analysts covering Gerdau (NYSE:GGB), 6 have Buy rating, 1 Sell and 0 Hold. Therefore 86% are positive. Gerdau had 12 analyst reports since August 10, 2015 according to SRatingsIntel. Credit Suisse upgraded Gerdau S.A. (NYSE:GGB) on Friday, February 2 to “Buy” rating. The firm earned “Outperform” rating on Thursday, August 4 by Credit Suisse. The stock of Gerdau S.A. (NYSE:GGB) earned “Buy” rating by Bank of America on Monday, November 27. Scotia Capital downgraded the stock to “Underperform” rating in Tuesday, October 25 report. The stock of Gerdau S.A. (NYSE:GGB) earned “Underperform” rating by Bank of America on Monday, February 22. Morgan Stanley upgraded the shares of GGB in report on Tuesday, June 5 to “Overweight” rating. Credit Suisse downgraded Gerdau S.A. (NYSE:GGB) on Thursday, September 7 to “Hold” rating. J.P. Morgan upgraded the stock to “Buy” rating in Friday, September 1 report. JP Morgan upgraded the shares of GGB in report on Friday, September 1 to “Overweight” rating. The rating was initiated by Goldman Sachs on Monday, August 10 with “Buy”.

Another recent and important American National Insurance Company (NASDAQ:ANAT) news was published by Nasdaq.com which published an article titled: “Recent Analysis Shows Alexander’s, American National Insurance, VAREX IMAGING, Banner, Instructure, and Heska …” on May 24, 2018.

Rk Asset Management Llc, which manages about $126.17 million and $100.72 million US Long portfolio, decreased its stake in Leucadia Nat Cp (NYSE:LUK) by 23,159 shares to 263,035 shares, valued at $5.98 million in 2018Q1, according to the filing. It also reduced its holding in Dorman Products Inc (NASDAQ:DORM) by 15,072 shares in the quarter, leaving it with 95,811 shares, and cut its stake in J&J Snack Foods (NASDAQ:JJSF).

Since May 9, 2018, it had 3 insider buys, and 0 sales for $224,719 activity. $119,005 worth of stock was bought by McLeod E Douglas on Wednesday, May 30.

Investors sentiment increased to 2.26 in Q1 2018. Its up 1.07, from 1.19 in 2017Q4. It improved, as 4 investors sold ANAT shares while 27 reduced holdings. 28 funds opened positions while 42 raised stakes. 17.35 million shares or 1.04% less from 17.53 million shares in 2017Q4 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 43 shares. Karpas Strategies stated it has 0.64% in American National Insurance Company (NASDAQ:ANAT). Greenleaf holds 0.01% or 2,349 shares in its portfolio. First Manhattan Company stated it has 196,625 shares. Jpmorgan Chase stated it has 0% in American National Insurance Company (NASDAQ:ANAT). Moreover, Voya Inv Mgmt Limited Liability Company has 0% invested in American National Insurance Company (NASDAQ:ANAT). National Bank & Trust Of America De reported 0% in American National Insurance Company (NASDAQ:ANAT). Renaissance Techs owns 228,200 shares for 0.03% of their portfolio. The New York-based Community National Bank & Trust Na has invested 0% in American National Insurance Company (NASDAQ:ANAT). Indexiq Llc invested in 17,356 shares. Susquehanna Gp Llp owns 10,624 shares. Pnc Gp owns 0% invested in American National Insurance Company (NASDAQ:ANAT) for 1,032 shares. Goldman Sachs Grp Inc Inc stated it has 0% in American National Insurance Company (NASDAQ:ANAT). Fuller Thaler Asset has 0% invested in American National Insurance Company (NASDAQ:ANAT) for 400 shares. Bragg Advsr Inc holds 13,290 shares.

American National Insurance Company (NASDAQ:ANAT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Migdalia James

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:








Recent Posts