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

Fundamentals

Good value average dividend payer.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.1%

ANAT

0.03%

US Insurance

0.7%

US Market


1 Year Return

-5.7%

ANAT

14.6%

US Insurance

12.9%

US Market

Return vs Industry: ANAT underperformed the US Insurance industry which returned 14.6% over the past year.

Return vs Market: ANAT underperformed the US Market which returned 12.9% over the past year.


Shareholder returns

ANATIndustryMarket
7 Day-0.1%0.03%0.7%
30 Day2.4%1.5%4.4%
90 Day5.9%1.9%7.0%
1 Year-3.2%-5.7%17.4%14.6%15.4%12.9%
3 Year6.8%-1.5%37.2%26.6%49.1%39.5%
5 Year19.9%4.2%64.9%45.2%62.7%44.7%

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?

23.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ANAT ($119.66) is trading below our estimate of fair value ($155.72)

Significantly Below Fair Value: ANAT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ANAT is good value based on its PE Ratio (9.7x) compared to the Insurance industry average (17.1x).

PE vs Market: ANAT is good value based on its PE Ratio (9.7x) compared to the US market (18.2x).


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 (0.6x) compared to the US Insurance industry average (1.1x).


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?

12.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ANAT's forecast earnings growth (12.7% per year) is above the savings rate (2.7%).

Earnings vs Market: ANAT's earnings (12.7% per year) are forecast to grow slower than the US market (14.4% per year).

High Growth Earnings: ANAT's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if ANAT's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if ANAT's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ANAT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ANAT has a high level of non-cash earnings.

Growing Profit Margin: ANAT's current net profit margins (9.4%) are lower than last year (16.6%).


Past Earnings Growth Analysis

Earnings Trend: ANAT's earnings have grown by 14.4% per year over the past 5 years.

Accelerating Growth: ANAT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ANAT had negative earnings growth (-46.6%) over the past year, making it difficult to compare to the Insurance industry average (-10.4%).


Return on Equity

High ROE: ANAT's Return on Equity (5.9%) is considered low.


Return on Assets


Return on Capital Employed


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?

2.74%

Current Dividend Yield


Upcoming Dividend Payment

Purchase American National Insurance before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company2.7%marketbottom25%1.4%markettop25%3.6%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: ANAT's dividend (2.74%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: ANAT's dividend (2.74%) is low compared to the top 25% of dividend payers in the US market (3.65%).


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 reasonably low payout ratio (26.6%), ANAT's dividend payments are well 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

What is the CEO of American National Insurance's salary, the management and board of directors tenure and is there insider trading?

10.6yrs

Average management tenure


CEO

Jim Pozzi (68yo)

4.5yrs

Tenure

US$4,110,207

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 ($USD4.11M) is about average for companies of similar size in the US market ($USD5.11M).

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


Management Age and Tenure

10.6yrs

Average Tenure

61yo

Average Age

Experienced Management: ANAT's management team is seasoned and experienced (10.6 years average tenure).


Board Age and Tenure

6.6yrs

Average Tenure

75yo

Average Age

Experienced Board: ANAT's board of directors are considered experienced (6.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$11,70008 Aug 19
James Stelling
EntityIndividual
Shares103
Max PriceUS$113.59
BuyUS$23,10628 May 19
Shannon Smith
EntityIndividual
Shares200
Max PriceUS$115.53

Ownership Breakdown

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


Management Team

  • Tim Walsh (58yo)

    Executive VP of ML and P&C Operations

    • Tenure: 2.3yrs
    • Compensation: US$988.02k
  • Bernard Gerwel (60yo)

    Senior Vice President of Corporate Digital Officer

    • Tenure: 13.8yrs
  • Carol Kratz

    Assistant Vice President of Human Resources

    • Tenure: 21.7yrs
  • Brad Manning

    Senior Vice President of Life Claims & Customer Contact Center

    • Tenure: 0yrs
  • Jim Pozzi (68yo)

    President

    • Tenure: 4.5yrs
    • Compensation: US$4.11m
  • David Behrens (56yo)

    Executive Vice President of Independent Marketing Group

    • Tenure: 20.8yrs
    • Compensation: US$1.26m
  • Dwain Akins (68yo)

    Senior VP

    • Tenure: 13.8yrs
  • Anne LeMire (56yo)

    Senior VP & Chief Securities Investment Officer

    • Tenure: 1.8yrs
  • Johnny Johnson (66yo)

    Executive VP

    • Tenure: 6.8yrs
    • Compensation: US$741.39k
  • Hoyt Strickland (62yo)

    Executive Vice President of Career Sales & Service Division

    • Tenure: 10.6yrs
    • Compensation: US$782.97k

Board Members

  • Robert Moody (83yo)

    Chairman Emeritus

    • Tenure: 3.8yrs
    • Compensation: US$193.97k
  • Ross Moody (57yo)

    Chairman of the Board

    • Tenure: 2.8yrs
  • Irwin Herz (79yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$189.69k
  • R. Lucas (93yo)

    Advisory Director

    • Tenure: 15.8yrs
    • Compensation: US$160.09k
  • Erle McLeod (78yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$178.92k
  • Frances Moody-Dahlberg (49yo)

    Director

    • Tenure: 32.6yrs
    • Compensation: US$258.09k
  • Art Dummer (85yo)

    Independent Director

    • Tenure: 15.6yrs
    • Compensation: US$205.47k
  • Jere Pederson (72yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: US$218.61k
  • James Yarbrough (63yo)

    Independent Director

    • Tenure: 18.8yrs
    • Compensation: US$257.81k
  • Jim Pozzi (68yo)

    President

    • Tenure: 4.5yrs
    • Compensation: US$4.11m

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$3.216b
  • 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 seg ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 23:31
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.