Barometer Capital Management Inc. purchased a new stake in shares of Anthem, Inc. (NYSE:ANTM) during the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 99,600 shares of the company’s stock, valued at approximately $18,738,000. Anthem comprises 1.9% of Barometer Capital Management Inc.’s portfolio, making the stock its 14th largest position.
Several other hedge funds have also recently added to or reduced their stakes in ANTM. FTB Advisors Inc. increased its stake in Anthem by 11.1% in the first quarter. FTB Advisors Inc. now owns 668 shares of the company’s stock valued at $117,000 after buying an additional 67 shares during the period. Westside Investment Management Inc. increased its position in Anthem by 33.6% in the first quarter. Westside Investment Management Inc. now owns 795 shares of the company’s stock valued at $131,000 after buying an additional 200 shares during the period. Focused Wealth Management Inc acquired a new position in Anthem during the first quarter valued at approximately $149,000. Guardian Life Insurance Co. of America increased 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 valued at $168,000 after buying an additional 7 shares during the period. Finally, Cedar Wealth Management LLC increased its position in Anthem by 1.7% in 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 period. 88.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Anthem, Inc. (NYSE:ANTM) traded up 1.24% during midday trading on Thursday, hitting $191.29. 650,383 shares of the stock were exchanged. Anthem, Inc. has a 12-month low of $114.85 and a 12-month high of $194.94. The company has a market cap of $50.23 billion, a PE ratio of 18.09 and a beta of 0.73. The firm has a 50-day moving average price of $189.81 and a 200-day moving average price of $174.20.
Anthem (NYSE:ANTM) last released its earnings results on Wednesday, July 26th. The company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.14. Anthem had a net margin of 3.24% and a return on equity of 12.93%. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.25 billion. During the same period in the prior year, the company posted $3.33 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts predict that Anthem, Inc. will post $11.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Anthem’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.48%. Anthem’s dividend payout ratio is presently 24.62%.
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Several research firms have commented on ANTM. BidaskClub downgraded shares of Anthem from a “buy” rating to a “hold” rating in a research note on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $215.00 price objective (up from $210.00) on shares of Anthem in a research report on Wednesday, July 26th. Bank of America Corporation lifted their price objective on shares of Anthem from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $204.00 price objective on shares of Anthem in a research report on Friday, July 14th. Finally, Deutsche Bank AG lifted their price objective 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. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $180.00.
In other news, Director Julie A. Hill sold 555 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was 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 directly owns 37,448 shares of the company’s stock, valued at approximately $6,761,610.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ronald W. Penczek sold 867 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $187.46, for a total value of $162,527.82. Following the completion of the sale, the senior vice president now directly owns 1,872 shares of the company’s stock, valued at $350,925.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,103 shares of company stock valued at $749,555. 0.36% of the stock is currently owned by company 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.
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