Airain ltd acquired a new position in shares of Anthem, Inc. (NYSE:ANTM) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,966 shares of the company’s stock, valued at approximately $370,000.
Several other large investors have also made changes to their positions in ANTM. Guardian Life Insurance Co. of America lifted its holdings in Anthem by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock valued at $168,000 after purchasing an additional 7 shares in the last quarter. Sii Investments Inc. WI raised its holdings in shares of Anthem by 0.4% during the 1st quarter. Sii Investments Inc. WI now owns 2,713 shares of the company’s stock worth $444,000 after acquiring an additional 12 shares during the period. Cedar Wealth Management LLC raised its holdings in shares of Anthem by 1.7% during the 2nd quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock worth $171,000 after acquiring an additional 15 shares during the period. Dowling & Yahnke LLC raised its holdings in shares of Anthem by 0.3% during the 2nd quarter. Dowling & Yahnke LLC now owns 7,175 shares of the company’s stock worth $1,350,000 after acquiring an additional 18 shares during the period. Finally, Financial Architects Inc raised its holdings in shares of Anthem by 1.9% during the 2nd quarter. Financial Architects Inc now owns 1,310 shares of the company’s stock worth $246,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 87.69% of the company’s stock.
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Shares of Anthem, Inc. (NYSE:ANTM) opened at 186.87 on Friday. The firm has a 50-day moving average price of $191.72 and a 200 day moving average price of $181.61. Anthem, Inc. has a 12-month low of $114.85 and a 12-month high of $198.98. The firm has a market cap of $49.07 billion, a price-to-earnings ratio of 17.67 and a beta of 0.70.
Anthem (NYSE:ANTM) last issued its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.14. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.25 billion. Anthem had a net margin of 3.24% and a return on equity of 12.93%. Anthem’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $3.33 EPS. On average, equities research analysts anticipate that Anthem, Inc. will post $11.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, September 7th. This is a boost from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 1.50%. Anthem’s dividend payout ratio (DPR) is currently 26.52%.
In other Anthem news, EVP Thomas C. Zielinski sold 9,127 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $191.25, for a total transaction of $1,745,538.75. Following the sale, the executive vice president now owns 26,571 shares of the company’s stock, valued at $5,081,703.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Julie A. Hill sold 524 shares of Anthem stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $190.80, for a total transaction of $99,979.20. Following the transaction, the director now owns 36,924 shares in the company, valued at approximately $7,045,099.20. The disclosure for this sale can be found here. Insiders have sold 30,776 shares of company stock worth $6,007,143 over the last ninety days. Insiders own 0.36% of the company’s stock.
A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Anthem from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub upgraded Anthem from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Morgan Stanley boosted their target price on Anthem from $196.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 17th. Jefferies Group LLC restated a “hold” rating and set a $204.00 target price on shares of Anthem in a research note on Friday, July 14th. Finally, Bank of America Corporation boosted their target price on Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $183.44.
Anthem Company Profile
Anthem, Inc is a health benefits company. The Company operates through three segments: Commercial and Specialty Business, Government Business and Other. It offers a spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; indemnity plans and other hybrid plans, including consumer-driven health plans; and hospital only and limited benefit products.
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