Parsec Financial Management Inc. lessened its holdings in Anthem, Inc. (NYSE:ANTM) by 3.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,913 shares of the company’s stock after selling 583 shares during the period. Parsec Financial Management Inc.’s holdings in Anthem were worth $3,211,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Captrust Financial Advisors purchased a new stake in Anthem during the second quarter valued at about $128,000. Salem Investment Counselors Inc. raised its position in Anthem by 1.4% during the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock valued at $134,000 after purchasing an additional 10 shares in the last quarter. Harding Loevner LP bought a new position in shares of Anthem during the second quarter valued at about $151,000. Krilogy Financial LLC bought a new position in shares of Anthem during the second quarter valued at about $160,000. Finally, Cedar Wealth Management LLC grew its stake in shares of Anthem by 1.7% during the second quarter. Cedar Wealth Management LLC now owns 908 shares of the company’s stock valued at $171,000 after buying an additional 15 shares during the last quarter. Institutional investors own 89.99% of the company’s stock.
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In related news, SVP Ronald W. Penczek sold 978 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $217.42, for a total value of $212,636.76. Following the completion of the transaction, the senior vice president now owns 1,222 shares of the company’s stock, valued at approximately $265,687.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph Swedish sold 21,125 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $197.00, for a total transaction of $4,161,625.00. Following the completion of the transaction, the insider now directly owns 87,668 shares of the company’s stock, valued at approximately $17,270,596. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,955 shares of company stock valued at $13,179,953. Company insiders own 0.36% of the company’s stock.
Anthem, Inc. (ANTM) opened at $218.27 on Monday. Anthem, Inc. has a 1-year low of $131.38 and a 1-year high of $220.75. The firm has a market cap of $56,043.01, a P/E ratio of 17.52, a P/E/G ratio of 1.71 and a beta of 0.77. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 1.51.
Anthem (NYSE:ANTM) last announced its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.25. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $22.10 billion. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.45 EPS. analysts anticipate that Anthem, Inc. will post 11.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, December 4th. This represents a $2.80 dividend on an annualized basis and a yield of 1.28%. Anthem’s dividend payout ratio is presently 25.32%.
ANTM has been the topic of a number of recent research reports. Zacks Investment Research cut Anthem from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Morgan Stanley raised their price objective on Anthem from $201.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. BidaskClub raised Anthem from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Jefferies Group LLC raised their price objective on Anthem from $204.00 to $211.00 and gave the company a “hold” rating in a research note on Friday, October 13th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $215.00 price objective on shares of Anthem in a research note on Wednesday, September 20th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $197.69.
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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