Rehmann Capital Advisory Group grew its holdings in Anthem Inc (NYSE:ANTM) by 554.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,240 shares of the company’s stock after buying an additional 2,745 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Anthem were worth $771,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of ANTM. Wealth Enhancement Advisory Services LLC raised its holdings in Anthem by 4.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,672 shares of the company’s stock worth $1,162,000 after purchasing an additional 203 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Anthem by 47.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 638 shares of the company’s stock worth $152,000 after buying an additional 205 shares in the last quarter. Ballentine Partners LLC increased its position in Anthem by 14.6% during the second quarter. Ballentine Partners LLC now owns 1,647 shares of the company’s stock worth $393,000 after buying an additional 210 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its position in Anthem by 2.6% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 8,387 shares of the company’s stock worth $1,996,000 after buying an additional 216 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in Anthem by 1.1% during the second quarter. First Citizens Bank & Trust Co. now owns 20,285 shares of the company’s stock worth $4,828,000 after buying an additional 228 shares in the last quarter. 86.70% of the stock is owned by institutional investors and hedge funds.
Anthem stock traded up $2.89 during midday trading on Friday, reaching $271.41. The stock had a trading volume of 1,325,569 shares, compared to its average volume of 1,370,646. Anthem Inc has a twelve month low of $182.31 and a twelve month high of $280.43. The stock has a market capitalization of $71.24 billion, a P/E ratio of 22.54, a PEG ratio of 1.49 and a beta of 0.92. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.61.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 25th. Shareholders of record on Monday, September 10th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, September 7th. Anthem’s dividend payout ratio is presently 24.92%.
In other Anthem news, EVP Peter D. Haytaian sold 4,500 shares of the business’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $270.00, for a total transaction of $1,215,000.00. Following the transaction, the executive vice president now owns 51,206 shares in the company, valued at $13,825,620. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Ronald W. Penczek sold 763 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $265.56, for a total value of $202,622.28. Following the transaction, the chief accounting officer now owns 1,334 shares in the company, valued at approximately $354,257.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,488 shares of company stock worth $8,027,655. 0.31% of the stock is currently owned by insiders.
ANTM has been the subject of several recent research reports. Citigroup downgraded Anthem from a “buy” rating to a “neutral” rating and set a $162.00 price target for the company. in a research report on Monday, September 10th. Morgan Stanley raised Anthem from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $273.00 to $368.00 in a research report on Wednesday, September 5th. Credit Suisse Group raised their price target on Anthem from $284.00 to $311.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $316.00 price objective on shares of Anthem in a research report on Friday. Finally, Cowen assumed coverage on Anthem in a research report on Monday, September 17th. They issued an “outperform” rating and a $318.00 price objective for the company. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $274.21.
Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.
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