Hellman Jordan Management Co. Inc. MA Buys Shares of 5,540 Anthem, Inc. (NYSE:ANTM)

Hellman Jordan Management Co. Inc. MA purchased a new stake in shares of Anthem, Inc. (NYSE:ANTM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,540 shares of the company’s stock, valued at approximately $1,042,000. Anthem makes up 2.2% of Hellman Jordan Management Co. Inc. MA’s portfolio, making the stock its 12th largest position.

Several other large investors have also recently made changes to their positions in ANTM. FTB Advisors Inc. raised its position in Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock worth $117,000 after buying an additional 67 shares in the last quarter. Westside Investment Management Inc. raised its position in Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock worth $131,000 after buying an additional 200 shares in the last quarter. Focused Wealth Management Inc bought a new position in Anthem during the first quarter worth approximately $149,000. Guardian Life Insurance Co. of America raised its position in Anthem by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,016 shares of the company’s stock worth $168,000 after buying an additional 7 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd bought a new position in Anthem during the first quarter worth approximately $181,000. Institutional investors own 89.81% of the company’s stock.

Shares of Anthem, Inc. (ANTM) traded up 0.72% during midday trading on Tuesday, hitting $191.98. 1,226,494 shares of the company’s stock were exchanged. The firm has a market cap of $50.41 billion, a price-to-earnings ratio of 18.15 and a beta of 0.73. Anthem, Inc. has a 52 week low of $114.85 and a 52 week high of $194.94. The company has a 50-day moving average of $189.99 and a 200-day moving average of $174.54.

Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, July 26th. The company reported $3.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.25 billion. During the same quarter in the prior year, the company posted $3.33 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Equities research analysts expect that Anthem, Inc. will post $11.82 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a dividend of $0.70 per share. This is a boost from Anthem’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, September 7th. This represents a $2.80 annualized dividend and a yield of 1.46%. Anthem’s dividend payout ratio is presently 24.62%.

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A number of research analysts recently commented on the stock. BidaskClub lowered shares of Anthem from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $215.00 price target (up previously from $210.00) on shares of Anthem in a research report on Wednesday, July 26th. Deutsche Bank AG lifted their price target on shares of Anthem from $173.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, July 13th. Jefferies Group LLC restated a “hold” rating and issued a $183.00 price target (up previously from $177.00) on shares of Anthem in a research report on Sunday, April 23rd. Finally, Morgan Stanley initiated coverage on shares of Anthem in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $196.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Anthem presently has an average rating of “Hold” and a consensus target price of $180.00.

In other Anthem news, Director Julie A. Hill sold 555 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $180.56, for a total value of $100,210.80. Following the completion of the sale, the director now owns 37,448 shares in the company, valued at $6,761,610.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ramiro G. Peru sold 2,681 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $181.58, for a total transaction of $486,815.98. Following the completion of the sale, the director now owns 13,571 shares of the company’s stock, valued at approximately $2,464,222.18. The disclosure for this sale can be found here. Insiders have sold 4,103 shares of company stock valued at $749,555 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

About Anthem

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.

Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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