American National Insurance Co. TX Has $948,000 Stake in Ship Finance International Limited (SFL)

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American National Insurance Co. TX held its position in shares of Ship Finance International Limited (NYSE:SFL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,700 shares of the shipping company’s stock at the end of the second quarter. American National Insurance Co. TX owned about 0.07% of Ship Finance International Limited worth $948,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Ship Finance International Limited during the first quarter valued at $124,000. Stifel Financial Corp bought a new position in shares of Ship Finance International Limited during the first quarter valued at about $160,000. Geneva Advisors LLC boosted its position in shares of Ship Finance International Limited by 1.4% in the first quarter. Geneva Advisors LLC now owns 12,335 shares of the shipping company’s stock valued at $181,000 after buying an additional 176 shares during the period. Principal Financial Group Inc. bought a new position in shares of Ship Finance International Limited during the first quarter valued at about $186,000. Finally, CWA Asset Management Group LLC boosted its position in shares of Ship Finance International Limited by 31.6% in the first quarter. CWA Asset Management Group LLC now owns 13,755 shares of the shipping company’s stock valued at $202,000 after buying an additional 3,300 shares during the period. Hedge funds and other institutional investors own 26.92% of the company’s stock.

Shares of Ship Finance International Limited (SFL) opened at 13.40 on Friday. Ship Finance International Limited has a 52 week low of $12.07 and a 52 week high of $16.10. The firm has a market capitalization of $1.25 billion, a PE ratio of 9.70 and a beta of 1.38. The stock has a 50 day moving average price of $13.23 and a 200 day moving average price of $14.16.

Ship Finance International Limited (NYSE:SFL) last announced its quarterly earnings results on Tuesday, May 30th. The shipping company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Ship Finance International Limited had a net margin of 33.62% and a return on equity of 12.65%. The firm had revenue of $96.88 million during the quarter, compared to analysts’ expectations of $102.70 million. Equities analysts forecast that Ship Finance International Limited will post $1.03 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Friday, June 16th were paid a $0.45 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.43%. Ship Finance International Limited’s dividend payout ratio (DPR) is presently 125.88%.

SFL has been the subject of a number of analyst reports. Zacks Investment Research raised Ship Finance International Limited from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. ValuEngine lowered Ship Finance International Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Jefferies Group LLC upgraded Ship Finance International Limited to a “hold” rating and set a $15.00 price objective for the company in a research note on Monday, June 5th. Finally, BidaskClub upgraded Ship Finance International Limited from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Ship Finance International Limited currently has a consensus rating of “Hold” and a consensus price target of $15.67.

About Ship Finance International Limited

Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.

Institutional Ownership by Quarter for Ship Finance International Limited (NYSE:SFL)

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