Stephens Inc. AR bought a new stake in shares of Anthem, Inc. (NYSE:ANTM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,065 shares of the company’s stock, valued at approximately $3,050,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in ANTM. Rothschild Investment Corp IL acquired a new position in Anthem in the 2nd quarter worth about $296,000. Wright Investors Service Inc. grew its holdings in Anthem by 26.7% in the 2nd quarter. Wright Investors Service Inc. now owns 13,908 shares of the company’s stock valued at $2,616,000 after buying an additional 2,928 shares during the last quarter. Cedar Wealth Management LLC grew its holdings in Anthem by 1.7% in the 2nd 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. Financial Architects Inc grew its holdings in Anthem by 1.9% in the 2nd quarter. Financial Architects Inc now owns 1,310 shares of the company’s stock valued at $246,000 after buying an additional 25 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Anthem by 8.1% in the 2nd quarter. Huntington National Bank now owns 14,950 shares of the company’s stock valued at $2,812,000 after buying an additional 1,116 shares during the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.
ANTM has been the subject of a number of research reports. Bank of America Corporation raised their price objective on Anthem from $249.00 to $254.00 and gave the stock a “buy” rating in a research report on Friday. Leerink Swann reiterated an “outperform” rating on shares of Anthem in a research report on Tuesday, November 7th. Credit Suisse Group initiated coverage on Anthem in a research report on Thursday, November 2nd. They issued an “outperform” rating and a $234.00 price objective for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $226.00 price objective on shares of Anthem in a research report on Thursday, October 26th. Finally, Morgan Stanley raised their price objective on Anthem from $201.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Anthem presently has an average rating of “Buy” and an average target price of $199.31.
In other Anthem news, Director Julie A. Hill sold 1,602 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $215.70, for a total value of $345,551.40. Following the completion of the transaction, the director now directly owns 35,322 shares of the company’s stock, valued at $7,618,955.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ronald W. Penczek sold 978 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $265,687.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,955 shares of company stock valued at $13,179,953. 0.36% of the stock is owned by insiders.
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Anthem, Inc. (NYSE:ANTM) traded up $0.35 during midday trading on Tuesday, hitting $219.85. The stock had a trading volume of 324,106 shares, compared to its average volume of 1,587,133. The firm has a market cap of $56,720.00, a PE ratio of 17.72, a P/E/G ratio of 1.73 and a beta of 0.77. Anthem, Inc. has a one year low of $135.68 and a one year high of $222.24. 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 quarterly earnings data on Wednesday, October 25th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.25. Anthem had a return on equity of 12.97% and a net margin of 3.35%. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the previous year, the firm earned $2.45 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. equities research analysts forecast that Anthem, Inc. will post 11.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Tuesday, December 5th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.27%. Anthem’s dividend payout ratio (DPR) is presently 25.32%.
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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