NasdaqGS:ANAT

Stock Analysis Report

American National Insurance

Executive Summary

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.


Snowflake Analysis

Undervalued with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has American National Insurance's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ANAT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.1%

ANAT

-1.4%

US Insurance

-1.1%

US Market


1 Year Return

-36.5%

ANAT

-22.6%

US Insurance

-13.6%

US Market

Return vs Industry: ANAT underperformed the US Insurance industry which returned -22.6% over the past year.

Return vs Market: ANAT underperformed the US Market which returned -13.6% over the past year.


Shareholder returns

ANATIndustryMarket
7 Day-3.1%-1.4%-1.1%
30 Day-23.4%-26.4%-17.8%
90 Day-35.0%-31.4%-22.5%
1 Year-34.6%-36.5%-20.7%-22.6%-11.9%-13.6%
3 Year-29.1%-34.8%-9.1%-16.2%12.1%4.9%
5 Year-11.3%-23.0%14.1%0.2%30.5%16.3%

Price Volatility Vs. Market

How volatile is American National Insurance's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is American National Insurance undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ANAT ($76.14) is trading below our estimate of fair value ($262.68)

Significantly Below Fair Value: ANAT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ANAT is good value based on its PE Ratio (3.3x) compared to the Insurance industry average (8.7x).

PE vs Market: ANAT is good value based on its PE Ratio (3.3x) compared to the US market (12.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ANAT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ANAT is good value based on its PB Ratio (0.3x) compared to the US Insurance industry average (0.8x).


Next Steps

Future Growth

How is American National Insurance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.2%

Forecasted Insurance industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as American National Insurance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has American National Insurance performed over the past 5 years?

17.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ANAT has high quality earnings.

Growing Profit Margin: ANAT's current net profit margins (15.2%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: ANAT's earnings have grown by 17.9% per year over the past 5 years.

Accelerating Growth: ANAT's earnings growth over the past year (290.2%) exceeds its 5-year average (17.9% per year).

Earnings vs Industry: ANAT earnings growth over the past year (290.2%) exceeded the Insurance industry 43.7%.


Return on Equity

High ROE: ANAT's Return on Equity (10.5%) is considered low.


Next Steps

Financial Health

How is American National Insurance's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: ANAT has a low level of unsold assets or inventory.

Debt Coverage by Assets: ANAT's debt is covered by short term assets (assets are 11.9x debt).


Financial Institutions Analysis

Asset Level: ANAT's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if ANAT has a sufficient allowance for bad loans.

Low Risk Liabilities: ANAT reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if ANAT has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ANAT has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if ANAT has an appropriate level of bad loans.


Next Steps

Dividend

What is American National Insurance's current dividend yield, its reliability and sustainability?

4.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ANAT's dividend (4.31%) is higher than the bottom 25% of dividend payers in the US market (2%).

High Dividend: ANAT's dividend (4.31%) is low compared to the top 25% of dividend payers in the US market (5.56%).


Stability and Growth of Payments

Stable Dividend: ANAT's dividends per share have been stable in the past 10 years.

Growing Dividend: ANAT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.2%), ANAT's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.0yrs

Average management tenure


CEO

Jim Pozzi (68yo)

4.92s

Tenure

US$7,850,440

Compensation

Mr. James E. Pozzi has been the President of American National Insurance Co. since May 1, 2012 and has been its Chief Executive Officer since May 1, 2015. Mr. Pozzi served as the President and Chief Operat ...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD7.85M) is above average for companies of similar size in the US market ($USD4.60M).

Compensation vs Earnings: Jim's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James Pozzi
President4.92yrsUS$7.85m0.081% $1.7m
Timothy Walsh
Executive VP of ML and P&C Operations2.67yrsUS$1.32m0.026% $530.2k
Johnny Johnson
Executive VP8.25yrsUS$1.05m0.013% $275.0k
David Behrens
Executive Vice President of Independent Marketing Group21.25yrsUS$2.06m0.0067% $136.5k
Hoyt Strickland
Executive Vice President of Career Sales & Service Division11yrsUS$1.07m0.015% $312.5k
Anne LeMire
Senior VP & Chief Securities Investment Officer2.25yrsno datano data
Dwain Akins
Senior VP14.25yrsno datano data
Carol Kratz
Assistant Vice President of Human Resources22.08yrsno datano data
Bernard Gerwel
Senior Vice President of Corporate Digital Officer14.25yrsno datano data
Bradley Manning
Senior Vice President of Life Claims & Customer Contact Centerno datano datano data

11.0yrs

Average Tenure

61yo

Average Age

Experienced Management: ANAT's management team is seasoned and experienced (11 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Pozzi
President4.92yrsUS$7.85m0.081% $1.7m
Robert Moody
Chairman Emeritus4.17yrsUS$193.97kno data
Ross Moody
Chairman of the Board3yrsUS$158.14k0.010% $212.4k
Irwin Herz
Director1.75yrsUS$187.60k0.072% $1.5m
R. Lucas
Advisory Director16.25yrsUS$151.89k0.033% $666.3k
Erle McLeod
Independent Director1.75yrsUS$176.21k0.077% $1.6m
Frances Moody-Dahlberg
Director33yrsUS$261.28k0.012% $242.7k
Arthur Dummer
Independent Director16yrsUS$231.28k0.024% $481.5k
Elvin Pederson
Independent Director6yrsUS$218.76k0.0086% $175.2k
James Yarbrough
Independent Director19.25yrsUS$253.37k0.049% $1.0m

7.0yrs

Average Tenure

75yo

Average Age

Experienced Board: ANAT's board of directors are considered experienced (7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ANAT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

American National Insurance Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: American National Insurance Company
  • Ticker: ANAT
  • Exchange: NasdaqGS
  • Founded: 1905
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: US$2.046b
  • Shares outstanding: 26.88m
  • Website: https://www.americannational.com

Number of Employees


Location

  • American National Insurance Company
  • One Moody Plaza
  • Galveston
  • Texas
  • 77550
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ANATNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1969
AHKDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1969

Biography

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. Its Annuity segment provides deferred, variable, and single premium immediate annuity products. The company’s Health segment offers medicare supplement, supplemental, stop-loss, credit disability, and medical expense insurance. Its Property and Casualty segment provides personal lines insurance, such as auto, homeowners, boats, motorcycles, recreational vehicles, and other exposures; and commercial lines of insurance, including property and casualty coverage tailored for a farm, ranch, or other agricultural business within the rural and suburban markets, as well as business owners, property, liability, mortgage security insurance, and workers’ compensation coverages. This segment also offers credit-related property insurance products comprising collateral or creditor protection insurance; and guaranteed auto protection or guaranteed asset protection insurance. The company distributes its products through career and multiple-line agents, broker-dealers, independent insurance agents and brokers, managing general underwriters, marketing organizations, employee benefit firms, and financial institutions, as well as through direct marketing channels, Internet, and call centers. American National Insurance Company was founded in 1905 and is headquartered in Galveston, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/02 01:30
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.