American National Financial Stock Rises
Shares of Irvine-based American National Financial Inc. moved up in the first two trading sessions after the company went public last week. The stock initially was priced at $6 a share, lower than the anticipated range of $10 to $12 a share. On Friday the shares moved up to $6.50, then closed Tuesday at $6.88, up 38 cents, in Nasdaq trading.
The company provides title insurance and real estate-related financial and information services. Fidelity National Financial owns about 30% of American National’s shares. Fidelity National Chairman William P. Foley also is chairman of American.
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