First Business Financial Services Inc. bought a new position in Anthem, Inc. (NYSE:ANTM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,407 shares of the company’s stock, valued at approximately $457,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. C M Bidwell & Associates Ltd. raised its position in Anthem by 0.5% in the second quarter. C M Bidwell & Associates Ltd. now owns 1,070 shares of the company’s stock worth $201,000 after acquiring an additional 5 shares during the period. Salem Investment Counselors Inc. raised its position in Anthem by 1.4% in the second quarter. Salem Investment Counselors Inc. now owns 710 shares of the company’s stock worth $134,000 after acquiring an additional 10 shares during the period. Sii Investments Inc. WI raised its position in Anthem by 0.4% in the first 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 position in Anthem by 1.7% in the second 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. Finally, Gofen & Glossberg LLC IL raised its position in Anthem by 0.6% in the second quarter. Gofen & Glossberg LLC IL now owns 2,540 shares of the company’s stock worth $478,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 88.91% of the company’s stock.
In related news, SVP Ronald W. Penczek sold 978 shares of the business’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 directly owns 1,222 shares in the company, valued at approximately $265,687.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph Swedish sold 21,125 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $190.63, for a total transaction of $4,027,058.75. The disclosure for this sale can be found here. Over the last 90 days, 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) traded up $0.19 during trading hours on Tuesday, reaching $218.46. 2,432,900 shares of the company’s stock traded hands, compared to its average volume of 1,593,805. The stock has a market cap of $56,043.11, a P/E ratio of 17.52, a PEG ratio of 1.71 and a beta of 0.77. Anthem, Inc. has a 12 month low of $132.65 and a 12 month high of $220.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.51 and a current ratio of 1.51.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, October 25th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.25. Anthem had a net margin of 3.35% and a return on equity of 12.97%. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the previous year, the firm earned $2.45 EPS. Anthem’s revenue was up 4.6% compared to the same quarter last year. research analysts anticipate that Anthem, Inc. will post 11.97 earnings per share for the current fiscal year.
The firm also recently disclosed 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. This represents a $2.80 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 4th. Anthem’s payout ratio is 25.32%.
A number of analysts have recently issued reports on ANTM shares. Jefferies Group LLC increased their price objective on shares of Anthem from $204.00 to $211.00 and gave the stock a “hold” rating in a research note on Friday, October 13th. Zacks Investment Research raised shares of Anthem from a “hold” rating to a “buy” rating and set a $207.00 target price for the company in a research note on Wednesday, September 20th. Morgan Stanley raised their target price on shares of Anthem from $196.00 to $201.00 and gave the company an “equal weight” rating in a research note on Thursday, August 17th. Credit Suisse Group AG initiated coverage on shares of Anthem in a research note on Thursday, November 2nd. They set an “outperform” rating and a $234.00 target price for the company. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $215.00 price objective on shares of Anthem in a research note on Wednesday, October 18th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Anthem has a consensus rating of “Buy” and a consensus target price of $197.69.
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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